Global Hadoop Market Set for Rapid Growth, To Reach Around USD 59.0 Billion by 2021

The report covers forecast and analysis for the hadoop market on a global and regional level. According to the report, global demand for hadoop was valued at USD 5.0 billion in 2015, and is expected to reach USD 59.0 billion in 2021, growing at a CAGR of 51.0% between 2016 and 2021.The study includes drivers and restraints for the hadoop market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hadoop market on a global level.

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The report a comprehensive view on the hadoop, we have included a detailed competitive scenario and type portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the hadoop market has also been included. The study encompasses a market attractiveness analysis, wherein software segment, hardware and service segments and end-use segments are benchmarked based on their market size, growth rate and general attractiveness.

Growing rapid demand for big data utilization and growing volume for structured and unstructured data across large enterprise is a major driving factor of global hadoop market. Healthcare, banking & finance, manufacturing, biotechnology & defense need effective and fastest solution to monitor the data. This factor also expected to accelerate the demand for hadoop solution over the verticals across the globe. However, distributed computing and security issues may limit the utilization of hadoop software. Moreover, ongoing development and upgradation may open new opportunities for hadoop market.

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Software, hardware and services are three major segment of the hadoop market. Among these three services segment has dominance over the market for 2015 year. It generates around 40% shares of the total revenue of hadoop market. It is also further expected to continue its dominance in the market for the coming five years. In addition, software segment is also projected to witness lucrative growth owing to growing adoption of hadoop solution in large enterprises for handling big data.

IT & ITES was the foremost end-use industry for global hadoop market. It accounted around 32% share of the entire revenue generated in 2015. IT & ITES was followed by telecommunication industry in the same year. In addition, end-industries such as government sector, retails and BFSI are important outlets that are likely to have splendid growth over the future years due to rapidly increasing penetration of hadoop solutions.

The study provides a decisive view on the hadoop market by segmenting the market based on end-uses. All the end-use segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key type segments covered under this study includes software, hardware and services. Key end-use market covered under this study includes BFSI, government sector, IT & ITES, healthcare, telecommunication, retail and other end-uses. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Rest of the World with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for hadoop based on individual end-uses in all the regions and countries.

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The key players in the hadoop market includes Amazon Web Services, Teradata Corporation, Cisco Systems, IBM Corporation, Cloudera, Inc., Datameer, Inc., Oracle Corporation, Hortonworks, Inc., Karmasphere, Inc., and amongst others.

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