Global Hadoop Market, 2016 – 2022


Global Hadoop market will hit USD 87.14 billion by 2022, growing at a CAGR of 50

Published By: Zion Market Research

Global Hadoop Market Set for Rapid Growth, to Reach around

USD 87.14 billion by 2022

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Hadoop Market

Zion Market Research added a new report “Hadoop Market by Type (Software,

Hardware and Services) for BFSI, Government Sector, IT & ITES, Healthcare,

Telecommunication, Retail and Other End-Uses: Global Industry Perspective,

Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast,

2016 2022.” in its database.

According to the report, the global Hadoop market was valued at approximately USD

7.69 billion in 2016 and is expected to reach approximately USD 87.14 billion by 2022,

growing at a CAGR of around 50% between 2017 and 2022.

Hadoop helps to turn the huge amount of business data generated on a daily basis into

a competitive advantage. Hadoop is a software framework that provides framework to

deal with big data. Hadoop helps businesses to store and process massive amounts of

data. It basically handles the big data analytics for enterprises. It is fastest and efficient

software to meet real-time analytics from data such as audio, video, email, machinegenerated

data from the internet.

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Hadoop Market

Hadoop is useful for scalable storage platform as it can store and distribute the very

large amount of data sets across hundreds of inexpensive servers which operate in

parallel. Another benefit of Hadoop is cost effective storage solution for businesses.

There was the problem with traditional relational database management systems that is

extremely cost prohibitive to scale to such a degree in order to process such massive

volumes of data. To reduce costs, many companies in the past would have had to

down-sample data and classify it based on certain own assumptions as to which data

was valuable. Lots of raw data have been deleted, as it would be too cost-prohibitive to

keep. While this approach only may have worked in the short term, this meant that

when business priorities changed, then complete raw data set was not available,

because it was too expensive to store. Hadoop, solve this problem and is designed as a

scale-out architecture that can affordably store all of a company's data for later use.

Increasing amount of data utilization and growing rapid volume for structured data and

unstructured data across large industries a key driver of global hadoop market. Hadoop

helps to analyze life threatening risk, identifies warning signs of security breaches,

prevent hardware failure, and estimatewhen to sell certain products, find ideal

prospects for business and gain insight from vast data.

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Hadoop Market

Hadoopis utilized by many industries such as healthcare, banking & finance,

manufacturing, media and entertainment, biotechnology, defense,

IT,telecommunication, retail, food & beverage, government sector and others. This

factor also anticipated to accelerate the demand for hadoop solution over the verticals

across the globally. However, distributed computing and security issues may limit the

utilization of hadoop software. Moreover, ongoing development and up gradation may

open new opportunities for hadoop market.

The study provides a decisive view on the Hadoop Market and it is segmented on the

basis of type, end user and regional.Some of the major participants operative in hadoop

market includesTeradata Corporation, Amazon Web Services, IBM Corporation Cisco

Systems, Cloudera, Inc., Datameer, Inc., Hortonworks, Oracle Corporation, Inc.,

VMware, OpenX, and amongst others.

The study provides a decisive view on the hadoop market and it market is segmented

on the basis of type, end user and regions. In type segment, services segment is

dominating with maximum market share of the global hadoop market on account of

growing demand of data analysis across various industries. It is also further expected

to continue its dominance in the market for the coming five years.

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Hadoop Market

On the basis of geography market is segmented on the basis of North America, Europe,

Asia Pacific Latin America and Middle East and Africa.North America dominated hadoop

market in 2016. It contributes around 48% share of the entire market and it is also

predicated to continue this trend for the coming years. Asia Pacific is fastest growing

region for hadoop market due to emerging IT and telecommunications industries and

adoption of technology is rising at torrid pacein China and India. Europe is likely to

witness significant growth in upcoming time.

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Hadoop Market

Zion Market Research

Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States

Tel: +1-386-310-3803 GMT

+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)


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