The Global Hadoop Market is Estimated to reach $341.4 Billion by 2027, at a CAGR of 38.2%

Hadoop Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Hadoop Market size is expected to reach $341.4 billion by 2027, rising at a market growth of 38.2% CAGR during the forecast period.

The Small & Medium Enterprises (SMEs) segment is showcasing a CAGR of 40.9% during (2021 - 2027). Small and medium enterprises consider constructing in-house Big Data processing capability, the return on investment is critical. Open-source tools such as Storm, Spark, Hadoop, and others are highly beneficial to SMEs. Hadoop is well-known for processing massive amounts of structured and unstructured data, and its HDFS component is useful for storage. These factors are propelling the small enterprise segment.

The Services segment acquired the maximum revenue share in the Global Hadoop Market by Component in 2020, thereby, achieving a market value of $150.7 billion by 2027. It is owing to an increase in big data projects in developing regions and its cost-effective benefit of managing large data sets all over networks of machines using simple programming models.

The Cloud segment has shown growth rate of 38.9% during (2021 - 2027). Cloud-based Hadoop solutions provide versatile infrastructure management solutions to accelerate the process of handling huge amounts of data. It enables institutions to fully execute big data. The data is hosted in the cloud, and an enterprise's big data growth does not affect the computation speed and efficiency provided by HDaaS solutions.

The IT & Telecommunications segment is leading the Global Hadoop Market by Industry in 2020; thereby, achieving a market value of $79.6 billion by 2027. This growth is attributed to the massive amount of data produced in the telecom market through text messages, call records, and data transfer. Even so, due to increased datasets in the logistics division and Hadoop deployment to manage generated data across various IT companies, the growth of the segment would propel in the forecast period.

The North America is the fastest growing region in the Global Hadoop Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $122.8 billion by 2027. The Europe market is estimated to witness a CAGR of 37.3% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 39.2% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/hadoop-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Hitachi Vantara LLC (Hitachi Ltd.), Fair Isaac Corporation, MapR Technologies, MarkLogic, Microsoft Corporation, and Teradata Corporation.

Global Hadoop Market Segmentation

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Component

• Services
• Software
• Hardware

By Deployment Model

• On-premise
• Cloud
• Hybrid

By Industry

• IT & Telecommunications
• BFSI
• Retail & Consumer Goods
• Manufacturing
• Healthcare
• Government & Defense
• Media & Entertainment
• Energy & Utility
• Trade & Transportation
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Cloudera, Inc.
• Datameer, Inc.
• Hitachi Vantara LLC (Hitachi Ltd.)
• Fair Isaac Corporation
• MapR Technologies
• MarkLogic
• Microsoft Corporation
• Teradata Corporation

Unique Offerings from KBV Research

• Exhaustive coverage
• The highest number of market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Related Reports:

North America Hadoop Market Future Scope & Opportunities 2021-2027

Europe Hadoop Market Size & Growth Forecast 2021-2027

Asia Pacific Hadoop Market Size, Share & Industry Outlook to 2027

LAMEA Hadoop Market Growth, Trends & Forecasts 2021-2027