Overview and Scope
Hadoop refers to an open-source system for storing and processing massive datasets ranging from gigabytes to petabytes. The platform distributes hadoop big data and analytics operations among computing cluster nodes, breaking them down into smaller workloads that can be run in parallel data by clustering several computers. The code in the Hadoop framework is primarily written in Java, however, some native code is written in C.
Sizing and Forecast
The hadoop market size has grown exponentially in recent years. It will grow from $102.48 billion in 2023 to $143.78 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%. The growth in the historic period can be attributed to big data explosion, cost-effective scalability, open source and community support, parallel processing capabilities, nosql and unstructured data processing.
The hadoop market size is expected to see exponential growth in the next few years. It will grow to $531.78 billion in 2028 at a compound annual growth rate (CAGR) of 38.7%. The growth in the forecast period can be attributed to increasing demand for scalable and cost-effective solutions, real-time data processing requirements, ai and machine learning integration, hybrid and multi-cloud deployments. Major trends in the forecast period include containerization and kubernetes integration, shift to cloud-native hadoop, focus on data governance and compliance, convergence with data lakes and data warehouses, enhanced security features.
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Segmentation & Regional Insights
The hadoop market covered in this report is segmented –
1) By Type: Software, Application, Hardware, Services
2) By Deployment Model: On Premise, Cloud, Hybrid
3) By Enterprise size: Large Enterprises, SMEs
4) By Application: Banking & Financial Services (BFSI), Manufacturing, Retail, Telecommunication, Healthcare & Life Sciences, Media & Entertainment, Natural Resources, Trade and Transportation, Government, IT and ITES, Other Applications
North America was the largest region in the hadoop market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hadoop market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in demand for data analytics is expected to propel the growth of the hadoop market. With the rapid development of big data in recent years, companies have started incorporating advanced technologies into their competitive strategies. These new technologies are focused on analyzing vast amounts of data to uncover hidden patterns that can help businesses make better decisions. These data capabilities are expected to provide cost-effective solutions and analytical strength to businesses. For instance, ManageEngine, Zoho Corporation’s enterprise IT management division, published its 2021 Digital Readiness Survey report in July 2021, which was completed by 1,210 qualified executives and technology professionals from India, the United States, Canada, Singapore, the United Kingdom, Australia, and New Zealand found that 64% of them have reported using business data analytics to improve decision-making. Therefore, the increase in adoption of data analytics is expected to boost demand for hadoop during the forecast period.
Key Industry Players
Major companies operating in the hadoop market report are Amazon. com Inc., Cisco Systems Inc., Cloudera Inc., Hitachi Data Systems, Hortonworks Inc., Datameer Inc., Dell Apache Hadoop Solution, Dexlock, Guavus Inc., Hortonworks Data Platform, Intellias, Kavi Global LLC, MapR Technologies Inc., Microsoft Azure HDInsight, NthDimenzion, Oxagile LLC, Pivotal Software Inc., ScienceSoft Inc., Sysvine Technologies LLC, Techmango Technology Services Private Limited, ThirdEye Data Inc., Zettaset Inc., Alteryx Inc., FourKites Inc., Oracle Corporation, Salesforce. com Inc., SAP SE, Splunk Inc., Clairvoyant LLC, Dataguise Inc.
The hadoop market report table of contents includes:
1. Executive Summary
- Hadoop Market Characteristics
- Hadoop Market Trends And Strategies
- Hadoop Market – Macro Economic Scenario
- Global Hadoop Market Size and Growth
- Hadoop Market Segmentation
- Hadoop Market Regional And Country Analysis
………………
- Key Mergers And Acquisitions In The Hadoop Market
- Hadoop Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hadoop Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hadoop Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hadoop Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………..
Table 75: Amazon.com Inc. Financial Performance
Table 76: Cisco Systems Inc. Financial Performance
Table 77: Cloudera Inc. Financial Performance
Table 78: Hitachi Data Systems Financial Performance
Table 79: Hortonworks Inc Financial Performance
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