Skip to main content

Hadoop and Big Data Analytics Market Focus on Research Methodology, Market Dynamics, Opportunities & Forecast 2026

Hadoop is a Java-based programming structure that is used for processing and storage of large data sets in a distributed computing environment. It is a distributed processing technology that provides expansive data storage facility and handles thousands of terabytes of data and rapid data transfer among nodes. Hadoop is extensively used in big data analytics, including scientific analytics, business and sales development, and enormous volumes of data processing.


Among end users, the banking, finance and insurance segment is expected to lead the hadoop and big data analytics market during the forecast period (2017 – 2025). The banking and finance sector has witnessed rapid growth, primarily due to increasing adoption of information technology solutions for improved banking services. The proliferation of online transactions, is increasing adoption towards technologies such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS) as well as mobile transactions.

Transactions through such technology, however, are hacking targets for cybercriminals. Furthermore, websites and mobile applications that accept online purchases and transactions, which store details regarding credit cards, debit cards, and bank account are also prominent hacking targets. According to the Reserve Bank of India (RBI), during 2015-2016, 16,468 cyber terrorism associated with ATM, debit card, credit card, and net banking frauds were reported. Whereas, 13,083 frauds were reported in 2014-2015 and 9,500 in 2013-14. This indicates the increasing number of cyber frauds over the years, which in turn is expected to augment the demand for Hadoop and Big Data Analytics solutions in the banking and finance industry.

However, non-uniformity of data sets is expected to restraint the growth opportunity of global digital marketing software market. Additionally lack of proper Hadoop platform due to shortage of skilled workforces that can transform machine language to operational solutions for data warehousing, is another major restraining factor that is expected to reduce growth rate of the market.

North America holds a dominant position in the market and is expected to maintain its dominance over the forecast period. Dominance of this region is attributed to the rampant development of IT infrastructure and high presence of major IT companies such as Google, Microsoft, IBM, and Oracle in the region.


Asia Pacific is projected to observe rapid growth over the forecast period, owing to rapid industrialization and urbanization. For instance, Government of India has launched the smart city mission for city renovation and retrofitting program to develop 100 cities across the country to make them more resident friendly and highly maintainable. Such initiatives are expected to create opportunities for growth of the market over the forecast period.
Key market players operating in the hadoop and big data analytics market include Microsoft Corporation, Amazon Web Services (AWS), IBM Corporation, Teradata Corporation, Tableau Software, Inc., Cloudera, Inc., Pentaho Corporation, Marklogic Corporation, SAP SE, and Pivotal Software, Inc.


Labels:

Comments

Post a Comment

Popular posts from this blog

Application Delivery Network Market 2026 Focus On Research Methodology, Market Dynamics

Application Delivery Network is a set of technologies, which provides application availability, security, visibility, and acceleration. The application development network is primarily implemented to work with dynamic content. The major advantage of application delivery network is that it helps in improving the performance of Internet traffic. Increasing data traffic is major factor driving growth of the market. According to Coherent Market Insights, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic by 2021, worldwide. Hence, increasing data traffic have accelerated the demand for application delivery network. Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1390 Increasing adoption of mobile traffic is major factor driving growth of the market Increasing adoption of smart phones by user is one of the major reason for mobile data traffic. According to the Coherent Market Insights...
Post a Comment
Read more

Hashgraph Market Consumption, Market Share, Growth Opportunities & Regions By 2026

Hashgraph is an advanced type of distributed ledger technology developed by Swirlds, a US-based company. The key features of hashgraph algorithm includes fast, secure and fairness of access. Hashgraph is a data structure and distributed algorithm that reduces the requirement of major computation power and massive energy consumption. Moreover, hashgraph is expected to eliminate Ripple in banking and finance application. It can carry out functions faster than blockchain, and takes only a second for hundreds of thousands of transactions. These factors are expected to provide major growth opportunity to decentralized applications including games, stock market, and auctions. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1130 Most applications that require thousands of transactions per second require community agreement on the order of transactions in near real time. For example, Google Apps for Work includes docs, sheets, and slides that can be...
Post a Comment
Read more

Desktop virtualization Market Will Boost Developments in Global Industry by 2018-2026

Desktop virtualization is a virtualization technology, which is used to separate a computer desktop environment from physical computers by storing desktop in remote location server. Server virtualization has gained significant popularity among organizations to consolidate servers, however, desktop virtualization aid in reducing the complexity associated with deployment and maintenance of devices, which helps IT departments to reduce desktop maintenance cost. Elaborate more @ https://www.coherentmarketinsights.com/ongoing-insight/desktop-virtualization-market-1514 Due to various advantages such as cost saving, simplified management, security, flexibility, and increased productivity have led to increasing adoption of desktop application market globally. Trend of bring-your-own devices (BYOD) is a major factor for growth of the market. Employee satisfaction and retention, increased productivity, and cost saving are some of the advantages leading to demand for BYOD in various o...
Post a Comment
Read more