IMARC Group has recently released a new research study titled “Hadoop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the hadoop market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The 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, an open-source software, is specifically developed to store data and operate applications on clusters of commodity hardware. It offers extensive storage capacity for numerous data types, immense processing capabilities, and the ability to handle an almost limitless number of concurrent tasks or jobs. Hadoop plays a significant role in conducting business decisions by concentrating on the consumer segment, eliminating erroneous processes, optimizing floor operations, delivering relevant search results, and conducting predictive analytics. It offers flexibility, scalability, cost-effectiveness, fault tolerance, and efficient execution of complex queries within shorter durations. Consequently, Hadoop finds widespread applications across several sectors, including banking, retail, consumer goods, information technology (IT), telecommunication, manufacturing, government, media and entertainment, energy and utility, defense, etc.

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Hadoop Market Trends and Drivers:

The increasing requirement for real-time analytics, sourced from video, email, and various external platforms, such as social media, is among the key factors driving the Hadoop market. Additionally, the growing demand for the software to empower technical professionals across diverse organizations to execute a comprehensive range of operations, encompassing big data analytics, big data storage, big data management, etc., is also positively influencing the market growth. The escalating competition among businesses and the rising volumes of unstructured data are further stimulating the global market. Moreover, the elevating need for the software solution in the e-commerce industry, on account of its proficiency in effectively handling both structured and unstructured data, enabling analysis of consumer behavior, and facilitating inventory and space management, is expected to catalyze the Hadoop market over the forecasted period.

Competitive Landscape With Key Players:

The competitive landscape of the hadoop market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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
  • Teradata

Key Market Segmentation:

The report has segmented the global hadoop market based on component, deployment model, organization size, end use industry and region.

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
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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