Hadoop is an open source framework that is used to efficiently store and process large datasets ranging in size from gigabytes (GB) to petabytes (PB) of data. There are basically two main components in Hadoop. The first component is HDFS (Hadoop Distributed File System), it stores data in various formats across highly scalable hadoop cluster. The second component is YARN (Yet another Resource Negotiator), it is Hadoop’s cluster resource management system. Furthermore, hadoop find its application in manufacturing, BFSI, consumer goods, IT& Telecommunications, government & defense, healthcare, retail, energy, transportation, and retail sectors.
Growing demand for big data analytics is expected to propel the global hadoop market growth over the forecast period. For instance, in June 2019, a U.S.-based software company, Cloudera, Inc. entered into a partnership with a U.S.-based technology and consulting company IBM Corporation for developing AI solutions and advanced data to organizations on the Apache Hadoop ecosystem. The Apache Hadoop Ecosystem is a platform which provides various services to solve the big data problems.
Furthermore, key market players are adopting strategies such as product launches, in order to expand their product portfolio. For instance, in June 2020, Hewlett Packard Enterprise (HPE) launched HPE Ezmeral, a new software portfolio and brand that will accelerate data-driven transformation across organizations. In addition, the company’s software delivers a complete portfolio, including IT automation and AI-driven operations, AI/ML and data analytics, and others.
However, lack of adequately qualified and experienced work professionals is expected to hinder the global hadoop market growth over the forecast period.
This report segments the global hadoop market on the basis of type, application, and region. On the basis of type, the global hadoop market is segmented into hardware, software, and services. Furthermore, the software segment is sub-segmented into performance monitoring and application. The application sub-segment is further segmented into analytics, machine learning, SQL layer, search and index. The services segment is sub-segmented into consulting, outsourcing, and deployment and support. On the basis of application, the global hadoop market is segmented into banking & financial services (BFSI), manufacturing, retail, telecommunication, healthcare & life sciences, media & entertainment, natural resources, trade and transportation, government, IT and ITES, and others. On the basis of region, the global hadoop market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).
Key features of the study:
*Browse all the market data tables and figures on ‘Global Hadoop Market- Forecast to 2028’
*Browse market data tables and figures on “Global Hadoop Market-forecast to 2028”