The study on the Global Hadoop Big Data Analytics Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Hadoop Big Data Analytics Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Hadoop Big Data Analytics industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Hadoop Big Data Analytics industry
Global Hadoop big data analytics market size reached USD 12.67 Billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to the latest analysis by Emergen Research. Key factors driving revenue growth of global Hadoop big data analytics market include surge in adoption of smart payment solutions and increased need for cost-effective storage solutions. IoT automates and unifies various processes and activities. Meanwhile, contactless payments enable easy payment processes as they enable customers to pay for products and services using their payment cards connected with RFID technology or other payment devices without the need to swipe, input a personal identification number (PIN), or sign for the transaction.
Machine learning is increasingly used for data gathering to improve digital marketing among businesses operating in various industries, such as manufacturing, retail & e-commerce, transportation and logistics, BFSI, healthcare, media & entertainment, energy & utilities, and real estate. Payments in the transportation industry have evolved with the transition from currency and paper-based transactions to digital payment options. The COVID-19 pandemic has led to social distancing, and there has been an increase in usage of smart payment technologies across regions. Governments are encouraging people to use digital and contactless payment options during this pandemic as cash transfers can lead to increase in COVID-19 cases.
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Objectives of the Report:
- Industrial structure analysis of the Hadoop Big Data Analytics market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Hadoop Big Data Analytics market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Hadoop Big Data Analytics market
- The report provides a forecast of market drivers, restraints, and future opportunities for the Hadoop Big Data Analytics market
- The report further analyses the changing market dynamics
The leading market contenders listed in the report are:
Microsoft Corporation, Google LLC, Oracle Corporation, Amazon Web Services, Hewlett Packard Enterprise, SAP SE, Salesforce.com, Inc., Micro Focus International plc, Splunk Inc., and Imply Corporation
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Market Segmentations of the Hadoop Big Data Analytics Market
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Solution
- Services
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- On-premises
- Cloud
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Customer Analytics
- Risk & Fraud Analytics
- Security Intelligence
- Internet of Things (IoT)
- Supply Chain Analytics
- Others
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Hadoop Big Data Analytics Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Some Key Highlights in the Report:
- Solution segment revenue is expected to expand at a significant CAGR during the forecast period. Hadoop big data analytics solutions are used by businesses to manage, scale, and distribute customer and organizational data.
- Cloud segment is expected to lead, in terms of revenue, over the forecast period. As cloud deployment enables quick flexibility, on-demand capabilities, extensive network connectivity, and improved resource pooling, there is a growing demand for cloud-based Hadoop big data analytics solutions.
- Risk & fraud analytics segment is expected to account for considerable revenue share in the market over the forecast period. Risk and fraud assessments are becoming highly important in businesses. Risk and fraud analytics provide a detailed insight on the potential and existing issues.
In conclusion, the Hadoop Big Data Analytics Market report is an exhaustive database that will help readers formulate lucrative strategies. The Hadoop Big Data Analytics Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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