Press release
Hadoop Market Global Industry Analysis, size, sales and Forecast by 2024
Global HadoopMarket: OverviewHadoop is an open source software solution based distributed processing technology for the storage and distribution of texts, images, videos, and several running applications. The software has huge processing power and fault tolerance capabilities to protect data and applications against potential hardware failures. Hadoop uses simple programming models to store big data. The global Hadoop market has witnessed dynamic growth in the recent years, as the state of art software is more cost effective and efficient as compared traditional data analysis tools such as Relational Database Management Systems (RDBMS)
The demand of Hadoop is due to rise in volume and amplified need for the conversion of information used big firms for decision making. The factors responsible for the growth of the Hadoop market are fast processing of structured and non structured data, efficient data processing, fault tolerance and lower server cost. The data is created from various web based searches, social networks and cloud based applications. However, data security concerns, and distributed computing are the impeding factors for the Hadoop market. According to the Reserve Bank of India (RBI), during 2015-2016, 16,468 cyber terrorism associated with ATM, debit card, credit card, and net banking frauds were reported.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114657/Hadoop-Market
The Hadoop market is projected to grow at a CAGR of 33.5% from 2017 - 2024, to reach USD 84.6 Billion by 2024.
Global HadoopMarket: Segmentation
By Solution
Packaged Software
Management Software
Application Software
Performance Monitoring Software
By Service
Consulting & Development Services
Training and Support Services
Administration and Managed Services
By End User
Banking , Financial Services and Insurance (BFSI)
Government and Defense
Healthcare and Life Sciences
Retail and Consumer Goods
Media and Entertainment
Energy and Utility
Transportation and Supply Chain Management
IT and Telecommunication
Others (Academic, Research and Manufacturing)
The demand of Hadoop in BFSI is expected to outpace other applications in the offering. The digitization of banking, financial services and insurance sector would be the top impacting factors.
Request Report Discount: https://www.researchreportinsights.com/report/discount/110114657/Hadoop-Market
Geographic Analysis
North America holds a dominant position in the market and expected to maintain its position over the forecast period. The dominance of the North America is attributed to rampant innovation in the IT infrastructure, skilled man power and high presence of IT behemoths such as Microsoft, Google, Oracle and IBM.
Asia Pacific is projected to exhibit rapid growth over the forecast period due to rapid industrialization and urbanization. For instance, the Government of India has introduced smart city mission to rejuvenate 100 cities across the country to make more eco-friendly and maintainable. Such initiatives are expected to create opportunities for growth of the market over the forecast period.
Competitive Scenario
The companies operating in the Hadoop market are Amazon Web Services, Cloudera Inc, HortonWorks Inc., Teradata Corporation, Cisco Systems, MapR Technologies, MarkLogic Corporation, Tableau Software, Pentaho Corporation, Pivotal Software, Fair Isaac Corporation and DataMeer Inc. Industry giants such as Hortonworks, Cloudera, MapR and others introduced innovative Apache Hadoop based data analytics solutions for the business enterprises to gain competitive edge in the market.
Report Analysis: https://www.researchreportinsights.com/report/rd/110114657/Hadoop-Market
About Us:
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends
Contact Us:
Research Report Insights (RRI)
42 Joseph Street
Port carling P0B 1J0
Muskoka, Ontario1
Phone - +1-631-721-4201
Website: https://www.researchreportinsights.com/
Email: sales@researchreportinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hadoop Market Global Industry Analysis, size, sales and Forecast by 2024 here
News-ID: 1592769 • Views: …
More Releases from Research Report Insights
Automotive Brake System Market 5.7% of CAGR throughout 2017-2022 Research Report …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Automotive Brake System Market 2022 | Continental AG, Robert Bosch GmbH, Wabco H …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Tarpaulin Sheets Market These factors, thus, are likely to boost the plastic mar …
A tarpaulin is a big sheet of water-proof material available in various sizes, generally being crafted from plastic like HDPE, LDPE. Tarps can be used to refuge any kind of items. Tarpaulins can efficiently be used to cover goods in the course of shipping and then they also can be used to house goods internal of a truck body so they are not uncovered to the elements.
The Tarpaulin Sheets Market…
Research Report Insights present kayaks market by 21 percent, or over by $42 mil …
Kayaking is a watersport which involves paddling using a double-bladed oar and a small boat known as a kayak. The boats come in a variety of sizes and types, depending on their intended use, but most kayaks feature an enclosed deck which covers the legs. The boat sits low in the water & usually only accommodates the single paddler, but tandem kayaks hold two people and some boats hold three…
More Releases for Hadoop
Transformative Trends Impacting the Hadoop Market Landscape: Cloud-Based Service …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Hadoop Market Size By 2025?
The size of the hadoop market has seen a remarkable expansion in the past few years. The market which is projected to be valued at $141.26 billion in 2024 is predicted to escalate to $196.53 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR)…
Transformative Trends Impacting the Hadoop Market Landscape: Cloud-Based Service …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Hadoop Market Size By 2025?
The size of the hadoop market has seen a remarkable expansion in the past few years. The market which is projected to be valued at $141.26 billion in 2024 is predicted to escalate to $196.53 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR)…
Hadoop Market Size Analysis by Application, Type, and Region: Forecast to Hadoop
USA, New Jersey- According to Market Research Intellect, the global Hadoop market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
Exponential data generation and the demand for scalable data processing solutions are driving notable expansion in the Hadoop industry. Hadoop provides a reasonably priced, open-source…
Global Hadoop Big Data Analytics Market | Market Drivers Cost Effective Hadoop B …
Global Hadoop Big Data Analytics Market By Component (Solution, Service) , Application (Risk & Fraud Analytics, Internet of Things (IoT), Customer Analytics ,Security Intelligence, Distributed Coordination Service, Merchandising & Supply Chain Analytics, Offloading Mainframe Application ,Operational Intelligence, Linguistic Analytics), Vertical (BFSI , Government & Defense , Healthcare & Life Sciences, Manufacturing, Retail & Consumer Goods, Media & Entertainment , Energy & Utility, Transportation & SCM ,IT &…
Hadoop Market: increasing capital expenditure in Hadoop projects to boost the gr …
Hadoop is a framework designed for fast processing and generation of huge data sets and it is operable on any operating system. Hadoop open source has many applications in current enterprise applications for analyzing huge data sets generated every day. Big Data Analytics is one of the major applications of the Hadoop file system applications. There is high scope for the Hadoop Market in technology across the globe during 2016-2021.
Scope…
Bright Computing Announces Full Support for Apache Hadoop at the Hadoop Summit E …
Bright supports leading Hadoop distributions bring enterprise-grade cluster provisioning and management to the Apache Hadoop ecosystem
Bright Computing, a leading provider of management solutions for clusters and clouds, today announced the release of Bright Cluster Manager for Apache Hadoop. This add-on for Bright Cluster Manager 7 enables customers to deploy complete Hadoop clusters on bare metal servers, providing a single-pane-of-glass for managing both the physical cluster and the Hadoop software.
Integrating…
