Hadoop big data analytics solutions to enhance efficiency and streamline business processes

The Hadoop big data analytics market is on exciting curve so that, the 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% during the forecast period, according to Research and Markets. 

  

In effect, the increasing volume of structured & instructed data and the need to store, manage, and analyze data are factors driving the growth of the Hadoop big data analytics market.

According to Research and Markets, the market for Hadoop big data analytics market is growing significantly, owing to the increasing adoption of Hadoop big data and BI solutions by companies to manage exponentially generated data each day. 

Increasing demand for cost-effective and faster analytics solutions to convert information collected by big data and IoT into actionable decisions is one of the most significant factors driving the growth of the Hadoop big data analytics market. 

However, immaturity of Hadoop platform is acting as a restraint to the growth of the Hadoop big data analytics market.