Global Hadoop Market to Grow at 38.23% During 2022-2027, Impelled by Rising Popularity of Big Data Analytics

December 10, 2021

According to the latest report by IMARC Group, titled “Hadoop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global hadoop market reached a value of US$ 50.7 Billion in 2021. Hadoop refers to an open-source software framework that is used for running applications and storing data of varying sizes. It enables clustering multiple computers for quickly and simultaneously analyzing numerous datasets. Hadoop mainly consists of four modules, namely Hadoop distributed file system (HDFS), yet another resource negotiator (YARN), MapReduce, and Hadoop common. It is used by organizations for production and research purposes. Hadoop offers various benefits, such as cost-effectiveness, fast processing of large amounts of data, ability to scale nodes in the existing cluster, and resilience to failure by replicating data over the network. It also acts as an ideal solution for Big Data analysis, which helps to increase the efficiency of Hadoop-based applications.

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. 

Global Hadoop Market Trends:

A significant shift toward visualization-based data discovery solutions by businesses is primarily driving the global Hadoop market growth. These solutions help encourage self-service business intelligence (BI), which makes it easier to integrate the data from different sources, such as log files, videos, clickstreams, and social media. Additionally, the efficiency and cost-effectiveness of Hadoop over conventional data analysis tools, such as relational database management system (RDBMS), is further fueling the growth of the market. Other than this, the escalating demand for big data analytics in various industry verticals to effectively manage large volumes of data is contributing to the market growth. Moreover, key players are largely concentrating on mergers and acquisitions (M&As) to gain the competitive edge, which is creating a positive outlook for the market. For instance, in 2018, US-based hybrid cloud platform provider, Cloudera, acquired the US-based data software company, Hortonworks. Looking forward, the market is projected to grow at a CAGR of 38.23% during 2022-2027.

Market Summary:

  • On the basis of the component, the market has been segmented into hardware, software, and services.
  • Based on the deployment model, the market has been segregated into on-premises, cloud-based, and hybrid.
  • On the basis of the organization size, the market has been divided into large enterprises, and small and medium enterprises.
  • Based on the end use industry, the market has been categorized into the BFSI, retail and consumer goods, IT and telecommunication, manufacturing, government and defense, media and entertainment, energy and utility, and other industries.
  • On a regional basis, the market has been segmented into North America (the United States, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Amazon Web Services Inc. ( 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 and Teradata.

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Global Hadoop Market to Grow at 38.23% During 2022-2027, Impelled by Rising Popularity of Big Data Analytics
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