Digital banking is one of the growing industries that has been effective in generating real consumer value in the midst of the COVID-19's record-breaking economic downturn. Companies are already seeing revenue as a result of the increased use of digital payments to reinvent city transit payment systems, thanks to the surge in innovative technology. Payment platforms like PayPal, Visa, MasterCard, and American Express have been serial investors in payment businesses in recent years.
During the projected period, the global Hadoop big data analytics is expected to increase at a CAGR of 13.0 percent, from USD 12.8 billion in 2020 to USD 23.5 billion in 2025. The adoption of Hadoop big data analytics is expected to be driven by a number of factors, including a growing focus on digital transformation, increased investments in analytics, increased focus on remote monitoring in support of the COVID-19 pandemic, growing adoption of smart payment technologies, and the business need to build a digital infrastructure for large-scale deployments.
