Christy Publications Hadoop and Big Data Analytics Market

Hadoop and Big Data Analytics Market Vigorous Growth
And Eminent Players Forecast to 2026
Hadoop and Big Data Analytics Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
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.
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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.