Hadoop Market Size Poised for USD 842.25 billion Milestone by 2030 At a CAGR of 37.4%

The 𝐇𝐚𝐝𝐨𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 report offers an in depth study of the market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets. Increase in competition in the business environment, rise in adoption of Hadoop-as-a-Service by small and medium enterprises (SMEs), and flexibility and agility for businesses provided by Hadoop drive the growth of the global Hadoop market. On the other hand, low security for highly confidential data and lack of awareness regarding the advantages of Hadoop technology impede the market. Nevertheless, ongoing partnerships and funding taking place and growth in popularity of e-commerce are anticipated to present worthwhile opportunities to market players.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 283 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/835

Hadoop is an Apache Software Foundation-managed open-source project. It is a distributed processing technique that may be utilized for big data analysis in a variety of industries. In addition, when compared to standard data analysis tools, such as RDBMS (Relational Database Management System), it is less expensive. Hadoop began as a simple, powerful, efficient, and distributed platform. Its implementation, on the other hand, includes advantages such as scalability, which helps to lower operational costs, and the utilization of commodity hardware for dependable distribution. Compared to a sophisticated algorithm and raw data, Hadoop architecture offers a lot simpler algorithm and more data availability. Cost-effective and fast data processing and large volumes of unstructured data boost the growth of the global Hadoop market. In addition, increase in demand for data analytics positively impacts the growth of the market. However, increase in security concerns regarding Hadoop architecture, distributed computing, and access to data and fragmented data hamper the market growth. On the contrary, partnerships and funding's taking place in Hadoop market and data fusion is expected to offer remunerative opportunities for expansion of the market during the forecast period.

The Hadoop market is segmented on the basis of component, deployment model, organization size, end user, and region. Based on component, the services segment dominated the market with the largest share in 2019, contributing to more than two-fifths of the global Hadoop market. On the other hand, the software segment is anticipated to register the highest CAGR of 39.7% from 2020 to 2027. The report also includes hardware segment.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/world-hadoop-market/purchase-options

Based on region, the global Hadoop market across North America held the lion's share in 2019, with around two-fifths of the market. On the other hand, the market across Asia-Pacific is projected to register the highest CAGR of 42.2% during the forecast period. Other region studied in the report include LAMEA and Europe.

Depending on industry vertical, the IT & telecommunication segment holds the largest market share in the Hadoop market due to huge amount of data generated in the telecom sector through call records, text messages, and data transfer. However, the trade & transportation segment is expected to grow at the highest rate during the forecast period, owing to increasing data generation in the logistics department and Hadoop deployment for handling this generated data.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Amazon Web Services
Cisco Systems, Inc.
Cloudera, Inc.
Datameer, Inc.
Hitachi Data Systems
Fair Isaac Corporation
MapR Technologies
MarkLogic
Microsoft Corporation
Teradata Corporation

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/835

Region wise, the Hadoop market size was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to strong economic growth along with the ongoing development in the services sector, which drives business enterprises to invest heavily in business analytics software to sustain growth and improve productivity. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to shift toward digital transformation, rise in cloud deployment among small & medium businesses, and ongoing modernization of manufacturing drive heavy investment in emerging economies is expected to boost the Hadoop market size.

Based on end user, the market is divided on the basis of BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, media & entertainment, energy & utility, trade & transportation, and others. The IT and telecommunication segment held the largest share in 2019, accounting for around one-fifth of the global Hadoop market. However, the trade and transportation segment is projected to portray the fastest CAGR of 45.7% during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/835

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By component, the services segment accounted for the largest Hadoop market share in 2020.

Region wise, North America generated the highest revenue in 2020.

On the basis of deployment model, the on premise segmented generated the highest revenue in 2020.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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