DUBLIN, Nov. 20, 2020 /PRNewswire/ -- The "Hadoop Market by Component, Deployment Model, Organization Size, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
According to this report the Hadoop market size was valued at $26.74 billion in 2019, and is projected to reach $340.35 billion by 2027, growing at a CAGR of 37.5% from 2020 to 2027.Hadoop is an Apache open source framework programmed in Java. It allows distributed processing of large datasets widely known as big data across clusters of computers using simple programming models. The Hadoop framework application operates in an environment that provides distributed storage and computation across clusters of computers. Hadoop is designed to scale up from single server to thousands of machines, each offering local computation and storage. It runs its applications using the MapReduce algorithm, where the data is processed in parallel with other processes. Moreover, it is widely used to develop applications that perform complete statistical analysis in big data. Hadoop is a distributed processing technology used for big data analysis. The global Hadoop market has witnessed dynamic growth in the recent years, owing to its cost-effectiveness and efficiency over traditional data analysis tools such as RDBMSIncrease in competition in the business environment has compelled companies that generate huge amount of data to opt for Hadoop services. In addition, extremely low upfront costs compared to on-premise Hadoop propels the adoption of Hadoop as a Service (HaaS). Moreover, some of the other factors that drive the growth of the market include increase in adoption of Hadoop by small & medium enterprises (SMEs) and the characteristics such as flexibility and agility for businesses provided by Hadoop. Factors such as increase in penetration of Internet of Things (IoT) across the globe, A surge in demand for cost effective solutions for the management of big data, and wide acceptance of HaaS across different industry verticals such as IT, banking, manufacturing, and telecommunication fuel the growth of the Hadoop market.However, concerns associated with low security standards for highly confidential data and lack of awareness about benefits of this technology are expected to hinder the growth of the market to a certain extent. Furthermore, ongoing partnership and funding taking place in the Hadoop market and a rise in popularity of e-commerce are expected to provide significant revenue growth opportunities for the market growth in the coming years.The Hadoop market is segmented on the basis of component, deployment model, organization size, end user, and region. On the basis of component, it is divided into hardware, software, and services. On the basis of deployment type, it is classified into on-premise, cloud, and hybrid. By organization size, it is bifurcated into small & medium-sized enterprises and large enterprises. By End User, it is segregated into manufacturing, BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, media & entertainment, energy & utility, trade & transportation, and others. Region -wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The market players operating in the Hadoop market include Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Dell EMC, Google LLC, International Business Machines Corporation, MapR Technologies, MarkLogic Corporation, and Teradata Corporation. Key Benefits
- The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global Hadoop market share is provided.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the Hadoop industry.
- The quantitative analysis of the market from 2019 to 2027 is provided to determine the global Hadoop market potential.
Key Findings of the Study:
- By component, the services segment dominated the Hadoop market. However, the software segment is expected to exhibit significant growth during the forecast period in the Hadoop industry.
- By deployment model, the on-premise segment dominated the Hadoop market share in 2019. However, the cloud segment is expected to exhibit significant growth during the forecast period.
- By organization size, the large enterprises segment dominated the Hadoop industry in 2019. However, the small and medium enterprises segment is expected to exhibit significant growth during the forecast period
- By end user, the IT & telecommunication sector generated the highest revenue in 2019. However, the others sector is expected to witness a considerable growth in the near future.
- By region, Asia-Pacific is expected to witness significant growth in terms of CAGR in the coming years.
Key Topics Covered: Chapter 1: Introduction1.1. Report Description1.2. Key Benefits for Stakeholders1.3. Key Market Segments1.4. Research Methodology1.4.1. Secondary Research1.4.2. Primary Research1.4.3. Analyst Tools & Models Chapter 2: Executive Summary2.1. Key Findings2.1.1. Top Impacting Factors2.1.2. Top Investment Pockets2.2. CXO Perspective Chapter 3: Market Overview3.1. Market Definition and Scope3.2. Porter'S Five Forces Analysis3.2.1. High Bargaining Power of Suppliers3.2.2. Low-To-Moderate Bargaining Power of Buyers3.2.3. Low-To-Moderate Threat of Substitutes3.2.4. Moderate Threat of New Entrants3.2.5. Moderate Competitive Rivalry3.3. Case Studies3.3.1. Pontis (Acquired by Amdocs)3.3.2. Razorsight3.4. Market Dynamics3.4.1. Drivers18.104.22.168. Increase in Competition in the Business Environment22.214.171.124. Rise in Adoption of Hadoop-As-A-Service126.96.36.199. Increase in Adoption of Hadoop Services by Small and Medium Enterprises (Smes)188.8.131.52. Flexibility and Agility for Businesses Provided by Hadoop3.4.2. Restraints184.108.40.206. Low Security for Highly Confidential Data220.127.116.11. Lack of Awareness About Benefits of Hadoop Technology3.4.3. Opportunities18.104.22.168. Ongoing Partnership and Funding Taking Place in the Hadoop Market22.214.171.124. Rise in Popularity of E-Commerce3.5. Impact of Government Regulations on the Big Data Hadoop Market3.6. Evolution of Hadoop Technology Chapter 4: Global Hadoop Market, by Component4.1. Overview4.2. Hardware4.2.1. Key Market Trends, Growth Factors, and Opportunities4.2.2. Market Size and Forecast, by Region4.2.3. Market Analysis, by Country4.3. Software4.3.1. Key Market Trends, Growth Factors, and Opportunities4.3.2. Market Size and Forecast, by Region4.3.3. Market Analysis, by Country4.4. Services4.4.1. Key Market Trends, Growth Factors, and Opportunities4.4.2. Market Size and Forecast, by Region4.4.3. Market Analysis, by Country Chapter 5: Global Hadoop Market, by Deployment Model5.1. Overview5.2. On-Premise5.2.1. Key Market Trends, Growth Factors, and Opportunities5.2.2. Market Size and Forecast, by Region5.2.3. Market Analysis, by Country5.3. Cloud5.3.1. Key Market Trends, Growth Factors, and Opportunities5.3.2. Market Size and Forecast, by Region5.3.3. Market Analysis, by Country5.4. Hybrid5.4.1. Key Market Trends, Growth Factors, and Opportunities5.4.2. Market Size and Forecast, by Region5.4.3. Market Analysis, by Country Chapter 6: Global Hadoop Market, by Organization Size6.1. Overview6.2. Large Enterprises6.2.1. Key Market Trends, Growth Factors, and Opportunities6.2.2. Market Size and Forecast, by Region6.2.3. Market Analysis, by Country6.3. Small & Medium Enterprises6.3.1. Key Market Trends, Growth Factors, and Opportunities6.3.2. Market Size and Forecast, by Region6.3.3. Market Analysis, by Country Chapter 7: Hadoop Market, by End-user7.1. Overview7.2. Manufacturing7.2.1. Key Market Trends, Growth Factors, and Opportunities7.2.2. Market Size and Forecast, by Region7.2.3. Market Analysis, by Country7.3. Bfsi7.3.1. Key Market Trends, Growth Factors, and Opportunities7.3.2. Market Size and Forecast, by Region7.3.3. Market Analysis, by Country7.4. Retail & Consumer Goods7.4.1. Key Market Trends, Growth Factors, and Opportunities7.4.2. Market Size and Forecast, by Region7.4.3. Market Analysis, by Country7.5. It & Telecommunication7.5.1. Key Market Trends, Growth Factors, and Opportunities7.5.2. Market Size and Forecast, by Region7.5.3. Market Analysis, by Country7.6. Healthcare7.6.1. Key Market Trends, Growth Factors, and Opportunities7.6.2. Market Size and Forecast, by Region7.6.3. Market Analysis, by Country7.7. Government & Defense7.7.1. Key Market Trends, Growth Factors, and Opportunities7.7.2. Market Size and Forecast, by Region7.7.3. Market Analysis, by Country7.8. Media & Entertainment7.8.1. Key Market Trends, Growth Factors, and Opportunities7.8.2. Market Size and Forecast, by Region7.8.3. Market Analysis, by Country7.9. Energy & Utility7.9.1. Key Market Trends, Growth Factors, and Opportunities7.9.2. Market Size and Forecast, by Region7.9.3. Market Analysis, by Country7.10. Trade & Transportation Segment7.10.1. Key Market Trends, Growth Factors, and Opportunities7.10.2. Market Size and Forecast, by Region7.10.3. Market Analysis, by Country7.11. Others7.11.1. Key Market Trends, Growth Factors, and Opportunities7.11.2. Market Size and Forecast, by Region7.11.3. Market Analysis, by Country Chapter 8: Hadoop Market, by Region8.1. Overview8.2. North America8.3. Europe8.4. Asia-Pacific8.5. LAMEA Chapter 9: Competitive Landscape9.1. Top Winning Strategies9.2. Key Player Positioning9.3. Competitive Dashboard9.4. Competitive Heatmap9.5. Key Developments9.5.1. New Product Launches9.5.2. Partnership9.5.3. Acquisition9.5.4. Product Development9.5.5. Collaboration9.5.6. Business Expansion9.5.7. Agreement Chapter 10: Company ProfileFor more information about this report visit https://www.researchandmarkets.com/r/ar4ct6
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