Latest Market intelligence report released by MarketDigits with title “Global Hadoop Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery” is designed covering micro level of analysis by manufacturers and key business segments. The Global Hadoop Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Microsoft, AWS, Cloudera, HPE, IBM, Oracle, SAP, Google, SAS Institute, Salesforce.
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Hadoop Market Statistics – 2026
The Hadoop market size was valued at $ 26.74 billion in 2019, and is projected to reach $340.35 billion by 2026, growing at a CAGR of 37.5% from 2020 to 2026. Hadoop is an open source software administered by Apache software foundation. It is a distributed processing technology that can be used in different sectors for big data analysis. It is much cost effective compared to traditional data analysis tools such as Relational Database Management System (RDBMS). Apache Hadoop is a simple, powerful, efficient, and shared platform. However, Hadoop technology deployment provides features such as scalability, which helps in reducing operating cost and use of commodity hardware for reliable distribution.
Hadoop-based applications are used by organizations that require real-time analytics from video, email, machine generated data from a multitude of sensors and from external sources such as social media and the internet. Hadoop enables technical experts of organizations to perform several operations which include big data analytics, big data management, and big data storage in a cloud. The Hadoop as a Service (HaaS) platform enables organizations to use Hadoop technology in a highly cost-effective manner, along with ensuring minimal consumption of time.
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Hadoop Market : By Component
Hadoop is mainly a software framework, which is used to manage data and storage for big data applications in clustered systems. It gives users the ability to collect, process, and analyze data. Despite Hadoop being the leader, not all organizations are capable of installing as well as maintaining in-house Hadoop environment. Users need not invest in or install additional infrastructure on premises when using the technology, as it is provided and managed by a third-party vendor. Customers using HaaS, do not need to invest in or install additional infrastructure on their premises. This helps them to concentrate on their core businesses. Hadoop tries to provide the same experience to users in the cloud. The adoption of Hadoop has increased among medium & large-scale organizations that do not have the infrastructure or ability to host Hadoop on premises.
Hadoop Market : By Deployment Model
On-premise is projected as one of the most significant segments.
North America dominated the global Hadoop market share in 2019 and is expected to retain its position in the next few years. The growth of the region is attributed to the presence of a key market players, such as Microsoft Corporation, IBM Corporation, Amazon web services, and others. Moreover, rise in adoption of big data technologies among organizations to enhance the consumer target marketing and risk management abilities is expected to boost Hadoop market growth.
Large Enterprises is projected as one of the most significant segments.
The report focuses on the growth prospects, restraints, and Hadoop market analysis. The study provides Porter’s five forces analysis of the Hadoop industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market.
IT & Telecommunication is projected as one of the most significant segments.
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.
Hadoop Market : By End User
IT & Telecommunication is projected as one of the most significant segments.
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.
Increase in adoption of cloud in SME’s
Hadoop is currently becoming crucial for small & medium organizations due to the increase in amount of data inputs from various sources. Analysis of data such as customer feedbacks, social media data, customer information, buying trends, and others has become the need of the hour for SMEs to gain competitive advantage. This data analysis provides valuable market insights that can be utilized to unravel hidden trends and take actionable strategic business decisions.
Top impacting factors
Increase in competition in the business environment, extremely low upfront costs compared to on-premise Hadoop, rise in adoption of Hadoop among small & medium enterprises (SMEs), and flexibility and agility for businesses provided by Hadoop services are expected to fuel the market growth. In addition, ongoing partnership and funding taking place in the Hadoop market and rise in popularity of e-commerce are expected to drive the growth of the market. However, low security for highly confidential data and lack of awareness about benefits of this technology are expected to hamper the growth of the market during the Hadoop market forecast period.
Flexibility and agility for businesses provided by Hadoop
Hadoop service providers offer a variety of pricing options to the customers. With Amazon EMR, the user can pay an hourly rate for every instance hour used. For instance, the user can pay an hourly rate for every instance hour they use (for example, a 10-node cluster running for 10 hours costs the same as a 100-node cluster running for 1 hour). The hourly rate depends on the instance type used. Hourly prices range from $0.011/hour to $0.27/hour and are charged in addition to the EC2 costs. Thus, Hadoop services provides an opportunity to scale your needs and payment. The hourly rate applied depends on the type of instance based on criteria such as high CPU, high memory, high storage, and others.
Key Benefits For Stakeholders
- This study includes the Hadoop market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities of the Hadoop industry.
- The Hadoop market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the Hadoop market.
The large scale Hadoop Market report is a thorough and professional report that focuses on primary and secondary drivers, market share, leading segments & geographical analysis. These calculations will provide estimations about how the Hadoop Market is going to perform in the forecast years by informing what the market definition, classifications, applications & engagements are. 2020 is the base year while 2019 is the historic year for calculation in the report. Being an excellent in quality, this market research report gains customer confidence and trust. The global Hadoop Market research report takes into account key product developments and tracks recent acquisitions, mergers & research in the industry by the top market players.
Report on (2020-2027 Hadoop Market Report) mainly covers 12 sections acutely display the global market:
Chapter 1: To describe Hadoop Introduction, product scope, market overview, market opportunities, market risk, market driving force.
Chapter 2: To analyze the top manufacturers of Hadoop, with sales, revenue, and price of Hadoop, in 2010 and 2020.
Chapter 3: Hadoop, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2020.
Chapter 4: To show the global market by regions, with sales, revenue and market share of Hadoop, for each region, from 2016 Hadoop to 2020.
Chapter 5, 6, 7, 8 and 9 To analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions.
Chapter 10 and 11 To show the market by type and application, with sales market share and growth rate by type, application, from 2014 Hadoop to 2020.
Chapter 11 Hadoop market forecast, by regions, type and application, with sales and revenue, from 2020 to 2027 Hadoop.
Chapter 12: To describe Hadoop sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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