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Hadoop Market 2020: Innovation and Product Optimization to Boost Growth around the Globe

03-05-2020 04:28 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Hadoop Market

Hadoop Market

The Hadoop ecosystem comprises Hadoop software, hardware and services. In 2015, the services segment dominated the market, accounting for approx. 49% share owing to growing demand for big data analysis across various organizations. The Hadoop services market is further segmented into "consulting, training & outsourcing", "integration & deployment", and "middleware & support services". The consulting, training & outsourcing segment generated revenue of $1.6 billion in 2015. The integration & deployment services segment would witness the fastest CAGR of 64.8% during the forecast period, due to increasing investments in big data analytics and demand for real-time operations.

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The Hadoop software market is segmented into application software, management software, packaged software, and performance monitoring software. Application software was the highest revenue-generating segment in the market in 2015, whereas packaged software segment is anticipated to grow at the fastest CAGR by 2021. The global Hadoop market is expected to garner revenue of $84.6 billion by 2021, registering a CAGR of 63.4% during 2016 to 2021.

The major end users of Hadoop-based products and services comprise manufacturing, BFSI, retail, telecommunication, healthcare & life sciences, hospitality & travel, media & entertainment, trade & transport, government sector and IT & ITES. Among all the verticals, BFSI would be the highest revenue generating sector from 2016 onwards, constituting 14.7% of the overall market by 2021. In terms of growth, Trade and transportation sector is anticipated to witness the fastest CAGR of 76.3% during 2016-2021.

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KEY FINDINGS OF THE STUDY

o Currently, North America is the highest revenue-generating market for Hadoop-based products and services
o Trade & transportation industry would witness the fastest adoption of Hadoop-based services and products over the next 5 years
o The European Hadoop market would witness the fastest growth during 2016-2020
o The integration & deployment service segment would grow at the fastest CAGR of 64.8% by 2021
o The packaged software segment would grow at the fastest CAGR of 67.3% by 2021

Key Players:

o Amazon Web Services
o Cisco Systems
o Cloudera
o Datameer
o Hortonworks
o Fair Isaac Corporation
o MapR Technologies
o Teradata Corporation
o MarkLogic

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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