PUBLISHER: IMARC | PRODUCT CODE: 1390502
PUBLISHER: IMARC | PRODUCT CODE: 1390502
Hadoop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global hadoop market size reached US$ 70.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 495.3 Billion by 2028, exhibiting a growth rate (CAGR) of 38.43% during 2022-2028.
Hadoop is an open-source software designed to store data and run applications on clusters of commodity hardware. It provides massive storage for different types of data, enormous processing power, and the ability to handle limitless concurrent tasks or jobs virtually. Apart from this, it also assists in stimulating business decisions, focusing on the consumer segment, weeding out erroneous processes, optimizing floor operations, providing relevant search results, and performing predictive analytics. As it is flexible, scalable, cost-effective, and enables fault tolerance and running complex queries in less time, it is gaining traction across the globe.
Hadoop Market Trends:
At present, there is a significant rise in the need for real-time analytics, which is obtained from video, email, and other external sources such as social media platforms. This represents one of the key factors bolstering the growth of the market. Hadoop enables technical experts operating in different organizations to perform numerous operations, including big data analytics, big data management, and big data storage in a cloud. As a result, it is increasingly being used in organizations around the world. Apart from this, considerably rising competition among businesses and extensively rising volumes of unstructured data is also catalyzing the demand for Hadoop. Furthermore, it finds a wide array of applications in the healthcare, retail, media and entertainment, government, telecommunications, life sciences, and banking, financial services, and insurance (BFSI) sectors. This can be attributed to the ability of the software to effectively manage structured as well as unstructured data. It also aids in analyzing consumer behavior and maintaining inventory and space. Besides this, the market is also positively influenced by the thriving e-commerce industry worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hadoop market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment model, organization size and end use industry.
Breakup by Component:
Hardware
Software
Services
Breakup by Deployment Model:
On-premises
Cloud-based
Hybrid
Breakup by Organization Size:
Breakup by End Use Industry:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Hadoop Market
6 Market Breakup by Component
7 Market Breakup by Deployment Model
8 Market Breakup by Organization Size
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
List of Figures
- Figure 1: Global: Hadoop Market: Major Drivers and Challenges
- Figure 2: Global: Hadoop Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Hadoop Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Hadoop Market: Breakup by Component (in %), 2022
- Figure 5: Global: Hadoop Market: Breakup by Deployment Model (in %), 2022
- Figure 6: Global: Hadoop Market: Breakup by Organization Size (in %), 2022
- Figure 7: Global: Hadoop Market: Breakup by End Use Industry (in %), 2022
- Figure 8: Global: Hadoop Market: Breakup by Region (in %), 2022
- Figure 9: Global: Hadoop (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Hadoop (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Hadoop (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Hadoop (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
