Hi @Abhijeet Rajput, it is recommended to analyze all tables, ORC included, on a regular basis for performance. Statistics will be more valuable on larger tables than smaller tables. Sorting is not necessary and, in fact, sorting is not allowed on ACID tables. As of HDP 2.5, Hive uses both a rules based optimizer as well as a cost-based optimizer called Apache Calcite. Enabling the CBO will provide the best use of statistics.
Also, you may want to take a look at LLAP which is TP in 2.5 and will be GA in 2.6.
Hope this helps.