The Hadoop big data analytics market is projected to grow from USD 6.71 Billion in 2016 to USD 40.69 Billion by 2021, at a CAGR of 43.4% between 2016 and 2021.
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The objective of the research study is to provide detailed segmentation of the Hadoop big data analytics market on the basis of component, application, vertical, and region. It also aims to provide information regarding key factors influencing market growth, and strategically analyze sub segments with respect to individual growth trends, future prospects, and contribution to the total market. The report helps analyze opportunities in the market for stakeholders, provide strategic profiles of key market players to comprehensively analyze core competencies, and draw a competitive landscape of the market. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.
The research methodology used to estimate and forecast the Hadoop big data analytics market begins with obtaining data on key vendor revenues and the market size of individual segments through secondary sources, such as annual reports, press releases, investors’ presentations, white papers, and paid databases, which include Factiva and Bloomberg, among others. Vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall size of Hadoop big data analytics from the revenue of key players (companies) present in the market.
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Key players in this market such as Microsoft Corporation (U.S.), Amazon Web Services (U.S.), IBM Corporation (U.S.), Teradata Corporation (U.S.), Tableau Software, Inc. (U.S.), and Cloudera, Inc. (U.S.) have adopted agreements, collaborations, and partnerships as key strategies to enhance their client base and customer experience. Existing players such as Pentaho Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), IBM Corporation (U.S.), Teradata Corporation (U.S.), and Tableau Software, Inc. (U.S.) are constantly innovating and upgrading their products to enhance market share. Furthermore, owing to technological advancements in the field of Hadoop big data analytics, key vendors are focused on launching next-generation solutions and services aimed at enhancing analytics of real-time data and improving Hadoop security integrations.