Published By: Zion Market Research
Global Hadoop Market Set for Rapid Growth, to Reach around
USD 87.14 billion by 2022
4283, Express Lane, Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +1-386-310-3803 GMT
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
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.
Request Free Sample Research Report @ https://goo.gl/dPcsEs
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.
Inquire more about this report @ https://goo.gl/epuWEj
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.
Request a customized copy of report @
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.
Browse detail report with in-depth TOC @ https://goo.gl/bV2hbV
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)