Global Big Data Analytics & Hadoop Market 2016 Share, Trend, Segmentation and Forecast to 2022
#BigData Analytics & #Hadoop Market accounted for $8.48 billion in 2015 and is expected to reach $99.31 billion by 2022 growing at a CAGR of 42.1% from 2015 to 2022. Rise of big data & growing need for big data analytics and rapid growth in consumer data are some of the factors fueling the market growth. Lack of skilled workers and Lack of security features in the Hadoop framework are restraining the market growth. Venture capital funding is the major opportunity for vendors in big data analytics and hadoop market. Consulting services segment commanded the market due to the enterprise wide implementation of this technology. Application software is the leading segment in the market due to rising deployment by developers to develop real time applications. Storage segment leads the hardware market in terms of revenue. North America is dominating the global market, while Asia-Pacific region is anticipated to observe a significant growth in the big data analytics and hadoop market due to its huge IT services industry stand.