What's Driving the Hadoop Market Trends? | Amazon Web Services, IBM, Teradata, OpenX, Hortonworks, Cisco Systems, MarkLogic, Datasift, Microsoft, and Cloudera
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The key players operating in the Hadoop market are Amazon Web Services, IBM, Teradata, OpenX, Hortonworks, Cisco Systems, Oracle Corporation, MapR Technologies, MarkLogic, Datasift, Microsoft, and Cloudera.
Hadoop is an open source software solution for storing and distributing big data, which includes texts, videos, images, and running applications. It has a huge processing power and fault tolerance capabilities, protecting the data and applications against hardware failures. Growing big data concerns due to the rise in volume and amplified need for conversion of information used by enterprises for decision making have augmented the Hadoop market growth.
What does the report encompass with respect to the End-user landscape?
o As per the report, the Hadoop Market has been subdivided into BFSI, healthcare, government, trade and transportation, IT, telecommunication, and retail sector.
o The research study provides an in-depth understanding pertaining to the evaluation of the end-user landscape.
o The market share that each of the subsegments hold has been provided in the study, in addition to the revenue estimates by the end of the forecast duration.
o The ongoing and future trends pertaining to the end-user landscape have been outlined in the report in meticulous detail.
The government sector is a major revenue- generating user for Hadoop technologies owing to the huge data storage and analysis. The retail industry has also benefited by the adoption of Hadoop technology as it helps in retail business expansion and offers cost-effective solutions for storing and analyzing the huge amount of data. BFSI segment leads the Hadoop industry as it assists in understanding the customer requirements and updates the services accordingly to satisfy the customer demands.
The North America region dominates the Hadoop market owing to its technological advancement and early adoption benefit. Moreover, the amount of data generated in this region is high, especially in the BFSI and retail sector, which further augments the demand for Hadoop solutions and services. APAC region is anticipated to grow at a fast rate during the forecast period owing to its economic growth and rising big data management concerns. Many organizations in this region have already come up with big data-related infrastructures, software, and solutions, which foster the growth of this market. This helps them in getting better business insights and enhances their decision-making capabilities. Hence, the demand for Hadoop is growing rapidly in the APAC region
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In a nutshell, the Hadoop Market analysis report is an inherent collection of the market definitions, industry insights, and the overall scope of the report. Details about the numerous industry pitfalls and challenges, in addition to driving parameters influencing the revenue scale of this business have also been provided in the report.
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