Hadoop Market Size 2021 Analysis by Business Share, Industry Growth Statistics, Prominent Players Strategies, Investment Opportunities, Revenue Expectation, Future Trends, Covid-19 Impact and Forecast till 2027

(Heraldkeepers via Comtex)

Hadoop is a distributed processing technology used for big data analysis. The world Hadoop market has witnessed dynamic growth in the recent years, as Hadoop is cost effective and more efficient as compared to traditional data analysis tools such as RDBMS. In 2015, North America accounted for the largest share of the overall market revenue.

However, the European market is anticipated to witness the fastest growth of Hadoop based data management and analytics technology during the forecast period.

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Factors such as aggrandized generation of structured and unstructured data and efficient and affordable data processing services offered by Hadoop technology are the major drivers of the market. Increasing adoption of Big Data analytics among business enterprises to enable sound decision making and gain competitive edge are the other factors supplementing the market growth.

Distributed computing and security issues in Hadoop Platform are the major restraints for the growth of the market. I.T., government sector, telecommunication, banking and retail industry are the major users of Hadoop based big data technology. However, sectors such as trade & transportation, media & retail would witness the relatively fast adoption over the next five years.

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The global Hadoop market is segmented on the basis of component, end user, and geography. The component segment comprises software, hardware, and services. The Hadoop services market is further categorized into consulting, training & outsourcing services, integration & deployment services, and middleware & support services.

The Hadoop software market is segmented into application software, packaged software, management software and performance monitoring software. Presently, application software is the largest revenue-generating segment in the global Hadoop software market, while packaged software is anticipated to witness the highest CAGR by 2021.

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The sub-divisions of the Hadoop hardware market include server, storage and network & equipment. The major end users of the Hadoop-based products and services include industries such as manufacturing, BFSI, retail, telecommunication, healthcare & lifesciences, media & entertainment, hospitality & travel, trade & transportation, government sector and I.T. & ITES. The market has been analyzed based on regions, which include North America, Europe, Asia-Pacific and LAMEA.

The key companies profiled in this report are Amazon Web Services, Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Hortonworks, Inc., Fair Isaac Corporation, MapR Technologies, Teradata Corporation, Teradata Corporation, and MarkLogic Corporation. Renowned organizations, such as Hortonworks, Cloudera, MapR Technologies, and others have launched innovative Apache Hadoop-based data analytics solutions for business enterprises to gain a competitive edge in the market.

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

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The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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This market report shows the projected market size for the Multi-Cloud Management Market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market's growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

This report covers aspects of the regional analysis market.

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This report analyzes current and future market trends by region, providing information on product usage and consumption.

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Source - HeraldKeeper
Note: The Heraldkeeper News Department was not involved in the creation of this content.

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COMTEX_397754506/2582/2021-11-26T02:07:37