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The global hadoop market size reached US$ 50.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 361.6 Billion by 2027, exhibiting a growth rate (CAGR) of 38.23% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Hadoop is an open-source software designed to store data and run applications on clusters of commodity hardware. It provides massive storage for different types of data, enormous processing power, and the ability to handle limitless concurrent tasks or jobs virtually. Apart from this, it also assists in stimulating business decisions, focusing on the consumer segment, weeding out erroneous processes, optimizing floor operations, providing relevant search results, and performing predictive analytics. As it is flexible, scalable, cost-effective, and enables fault tolerance and running complex queries in less time, it is gaining traction across the globe.
At present, there is a significant rise in the need for real-time analytics, which is obtained from video, email, and other external sources such as social media platforms. This represents one of the key factors bolstering the growth of the market. Hadoop enables technical experts operating in different organizations to perform numerous operations, including big data analytics, big data management, and big data storage in a cloud. As a result, it is increasingly being used in organizations around the world. Apart from this, considerably rising competition among businesses and extensively rising volumes of unstructured data is also catalyzing the demand for Hadoop. Furthermore, it finds a wide array of applications in the healthcare, retail, media and entertainment, government, telecommunications, life sciences, and banking, financial services, and insurance (BFSI) sectors. This can be attributed to the ability of the software to effectively manage structured as well as unstructured data. It also aids in analyzing consumer behavior and maintaining inventory and space. Besides this, the market is also positively influenced by the thriving e-commerce industry worldwide.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hadoop market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment model, organization size and end use industry.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Organization Size:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Teradata.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Deployment Model, Organization Size, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Teradata|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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