Apache Spark Market is Expected to Grow With a CAGR of 33.9% During the Forecast Period 2018-2025, Says Esticast Research and Consulting
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As per the report “Apache Spark Market By Data Tier ( Data Tier Less Than 100TB, Data Tier 100TB to 1PB, Data Tier 1PB to 10 PB, Data Tier More Than 10PB), By Application ( Predictive Analytics, Data Integration, Data Mining, Clickstream analysis and Social Media ), Industry Trends, Estimation & Forecast, 2018-2025″
In 2017, the predictive analytics application segment generated the highest revenue share in the global apache spark market. Among major regions, North America was the highest revenue generating market, holding nearly 48% of the market share, in 2017.
“Apache spark market is a technology based market that is experiencing technological advancements and requires huge initial investment. Only the new players with greater resources are able to compete with the existing active players of the market, owing to the better understanding of market and a well-established customer base of existing players.”
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Clickstream data generated by websites has become an important enterprise data source. It is used to analyze and identify the geographical regions and time zones that contribute heavily towards the increasing online traffic. In addition, clickstream data also aids in identifying the devices, browsers, operating systems, and online paths used by the users to access the websites. Clickstream analytics gives marketers a predictive edge through Next Best Product (NBP) analysis, thus emerging as a powerful and cost-effective tool that benefits businesses such as retail & e-commerce, BFSI, telecommunications & IT, media & entertainment, and others.
Rivalry among the market players active in the global apache spark market is expected to become fierce during the upcoming years
The global apache spark market is a highly competitive market and is characterized by rapid changes in technology, customer requirements, industry standards and frequent new product introductions & improvements. Market players are facing high competition from other prominent players based on certain factors such as greater name recognition, longer operating histories, broader & diverse product/service offerings and large customer base. In addition, new innovative start?up companies, and larger companies that are making significant investments in research & development are further fueling the market competition. In order to sustain the increasing competition, potential competitors are establishing cooperative relationships among themselves or with third parties, and further enhancing their resources. Based on the current market scenario and continuous technological advancements, the rivalry among the market players is only expected to become fierce during the upcoming years.
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North America garnered the highest market share in the global apache spark market, owing to the generation of humongous data by the region
North America held nearly 48% market share, in terms of revenue, of the global market in 2017. The segment is expected to grow with an impressive growth rate of 32.9% during the forecast period. North America has always been a hub for leading IT & Communication companies. With the continuous expansion of prominent big data industries the apache spark market is experiencing high deployment rate among various industry verticals in the region. As per a study, North America generates more than 50% of the global data and hence, it is quite obvious that the apache spark market has grown up rapidly in the last few years in North America and is expected to flourish for the next decade as well.
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KEY FINDINGS OF GLOBAL APACHE SPARK MARKET, 2017-2025
• United Kingdom garnered the highest market share of nearly 30% in Europe apache spark market, in 2017.
• Data Tier More Than 10PB segment is anticipated to grow with the highest CAGR of 36.0% during the forecast period 2018-2025.
• Asia-Pacific is expected to grow with the highest CAGR of 36.4% during the forecast period 2018-2025.
Some key market players are IBM Corporation, DATAbricks, MAPR Technologies Inc., Qubole Inc., and Cloudera Inc.