The Hadoop by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hadoop, 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..
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.
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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
Constant technological development in cloud-based services is a key trend gaining popularity in the hadoop market. Major companies operating in the hadoop market are focused on providing technologically advanced frameworks and platforms to strengthen their market position. These companies are implementing next-generation technologies into their framework and platform, such as virtualization, grid computing, service-oriented architecture, artificial intelligence, mining, cloud computing, automated cloud orchestration, big data, data mining, and others to offer flexibility to businesses in using hadoop according to their needs. For exmaple, a cloud computing platform Microsoft Azure by Microsoft Corporation, a US-based technology corporation announced the development of its own Hadoop under its HDInsight brand. The new hadoop will feature advanced capabilities and support more frameworks enabling customers to achieve new things. It is expected to become an operating system for big data.
The hadoop market report table of contents includes:
1. Executive Summary
2. Hadoop Market Characteristics
3. Hadoop Market Trends And Strategies
4. Hadoop Market – Macro Economic Scenario
5. Global Hadoop Market Size and Growth
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31. Global Hadoop Market Competitive Benchmarking
32. Global Hadoop Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hadoop Market
34. Hadoop Market Future Outlook and Potential Analysis
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