Hadoop Market Share, Size, Demand, Trends, Statistics, Key Players and Industry Analysis Till 2027
According to IMARC Group’s latest report, titled “Hadoop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global hadoop market size reached US$ 50.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 361.6 Billion by 2027, exhibiting a growth rate (CAGR) of 38.23% during 2022-2027.
Hadoop is a flexible and scalable platform that enables the storage and processing of large amounts of data on commodity hardware. It is an open-source software solution that has gained widespread popularity due to its cost-effectiveness and ability to handle big data processing needs. It enables businesses to analyze large data sets, make informed decisions, and optimize their operations. When compared with traditional methods, hadoop offers fault tolerance and the ability to run complex data queries in a fraction of the time, due to which it is widely used in the finance, healthcare, retail, and government sectors to effectively manage and process data.
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Market Trends:
The growing demand for real-time analytics and superior management control and the rising product demand to handle big data analytics are some of the key factors positively driving the hadoop market growth. This is further influenced by the surging volume of unstructured data, such as video, email, and social media information. Moreover, the escalating demand for predictive analytics and the rising consumer awareness regarding the benefits of hadoop are providing an impetus to the market growth. Besides this, the increasing number of small and medium-sized enterprises (SMEs) and rapid technological advancements are creating a positive outlook for the market.
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Hadoop Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the hadoop market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amazon Web Services Inc. (Amazon.com Inc)
- Cisco Systems Inc
- Cloudera Inc.
- Datameer Inc.
- Dell Technologies Inc.
- Google LLC (Alphabet Inc.)
- International Business Machine Corporation
- Hewlett Packard Enterprise Development LP
- MarkLogic Corporation
- Teradata
Key Market Segmentation:
The report has segmented the global hadoop market based on component, deployment model, organization size, end use industry and region.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Deployment Model:
- On-premises
- Cloud-based
- Hybrid
Breakup by Organization Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by End Use Industry:
- BFSI
- Retail and Consumer Goods
- IT and Telecommunication
- Manufacturing
- Government and Defense
- Media and Entertainment
- Energy and Utility
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Report:
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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