Hadoop Market

Market Overview 2023-2028:

The global hadoop market size reached US$ 70.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 495.3 Billion by 2028, exhibiting a growth rate (CAGR) of 38.03% during 2023-2028.

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.

Hadoop Market Trends:

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.

Key Market Segmentation:

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 2023-2028. Our report has categorized the market based on component, deployment model, organization size and end use industry.

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
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global hadoop market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global hadoop market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment model?
• What is the breakup of the market based on the organization size?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global hadoop market and who are the key players?
• What is the degree of competition in the industry?