Global Hadoop Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2027
The global Hadoop market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The amount of data produced is developing hastily, because of the advances in new technologies, devices as well as in communication. The Hadoop market is driven by the increment in the demand for the deployment of Big Data analytics solutions for analyzing exponentially growing structured and unstructured data, to obtain actionable insights, which can be utilized for numerous decision-making processes in the future. The need for Hadoop Big data analytics is particularly vital across the banking, and IT, and telecom industries. However, the adoption across manufacturing and healthcare sectors is expected to make a massive effect on the overall market, considering the rapid IoT adoption.
Moreover, another factor that
is fuelling the increase of visualization-based data discovery solutions is the
growing availability of mobile devices. Companies that continue to depend on
centralized creation of reports by the few highly-trained specialists are
missing an opportunity to undertake the faster, price-effective, as well as
more democratized business intelligence model, which takes benefit of the
intersection of the mobile workforce and Big Data and to speed insights and
enhance collaboration.
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The global Hadoop market analysis includes some of
the key market players such Amazon Web Services, Inc., Cisco Systems, Inc.,
Cloudera, Inc., Datameer, Inc., Dell EMC, Google LLC, IBM Corporation, MapR
Technologies, MarkLogic Corporation, and Teradata Corporation, among others. To
maintain a strong position in the market, these market players are adopting
various strategic moves, such as product launches, partnerships,
collaborations, and mergers and acquisitions.
Recent Developments:
·
In October 2019, Alteryx, Inc. announced that it
had acquired Feature Labs, a data science software company launched out of the
Massachusetts Institute of Technology (MIT), that automates feature engineering
for machine learning and artificial intelligence (AI) applications. The
acquisition of Feature Labs will further enable Alteryx to help organizations
empower every data worker to fill the data science and machine learning talent
gap.
·
In October 2019, in an expansion to their existing
collaboration, SAS is creating a best-in-class hybrid cloud analytics solution
by delivering its market-leading analytics on Red Hat OpenShift, the industry’s
most comprehensive enterprise Kubernetes platform from Red Hat, the world’s leading
provider of open-source technologies. The collaboration between SAS and Red Hat
combines market-leading analytics with the industry’s most comprehensive
enterprise Kubernetes platform in Red Hat OpenShift, helping to accelerate
customer adoption of analytics across the hybrid cloud.
Market Coverage
·
The market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segment Covered
·
Regions Covered- Globally
·
Competitive Landscape: Amazon Web Services,
Inc., Cisco Systems, Inc., Google LLC, IBM Corporation, Among others.
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Global Hadoop Market by Segment
By Component
• Hardware
• Software, and Services
By Deployment Model
• On-premise
• Cloud
• Hybrid
By Organization Size
• Large Enterprises
• Small and medium
enterprises
By End-User
• Manufacturing
• BFSI
• Retail & Consumer
Goods
• IT &
Telecommunication
• Healthcare
• Government & Defense
• Media &
Entertainment
• Energy & Utility
• Trade &
Transportation
• Others
Global Hadoop Market by Regional Analysis
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
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