Hadoop Market Share, Demand, Size trends, analysis and Opportunities by 2026

According to IMARC Group's latest report, titled "Hadoop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global hadoop market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 30% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Hadoop refers to an open-source software that is designed to store data and run applications on clusters of commodity hardware. It offers ample storage for various types of data, enormous processing power, the ability to handle limitless concurrent tasks or jobs virtually, etc. Moreover, hadoop also aids in focusing on the consumer segment, stimulating business decisions, weeding out erroneous processes, providing relevant search results, optimizing floor operations, performing predictive analytics, etc. It is scalable, flexible, and cost-effective, facilitates fault tolerance, runs complex queries in little time, etc. As a result, Hadoop finds extensive applications across numerous end-use industries, such as BFSI, IT, telecommunications, manufacturing, etc.

Market Trends and Drivers:

The escalating need for real-time analytics obtained from different external sources, including video, email, social media platforms, etc., is among the primary factors catalyzing the hadoop market. Furthermore, the increasing utilization of this software by technical experts in various organizations across the globe to perform diverse operations, including big data analytics, big data management, big data storage in a cloud, etc., is further propelling the product demand. Besides this, the growing competition among businesses, coupled with the rising volumes of unstructured data, is further bolstering the market growth. Additionally, hadoop also assists in analyzing consumer behavior and maintaining inventory and space. Owing to this, the expanding e-commerce industry is expected to fuel the hadoop market in the coming years.

Hadoop Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the hadoop market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Amazon Web Services Inc. (Amazon.com Inc)
Cisco Systems Inc
Cloudera Inc.
Datameer Inc.
Dell Technologies Inc.
Google LLC (Alphabet Inc.)
International Business Machine Corporation
Hewlett Packard Enterprise Development LP
MarkLogic Corporation
Teradata

Key Market Segmentation:

The report has segmented the global hadoop market on the basis of component, deployment model, organization size, end use industry and region.

Breakup by Component:

Hardware
Software
Services

Breakup by Deployment Model:

On-premises
Cloud-based
Hybrid

Breakup by Organization Size:

Large Enterprises
Small and Medium Enterprises

Breakup by End Use Industry:

BFSI
Retail and Consumer Goods
IT and Telecommunication
Manufacturing
Government and Defense
Media and Entertainment
Energy and Utility
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.