In a recent published report, Kenneth Research has updated the market report for Hadoop Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hadoop Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Hadoop Market is estimated to reach $670.8 billion by 2025; growing at a CAGR of 65.6% from 2017 to 2025. Hadoop is a distributed processing technology which is used for the processing as well as storage of very big data sets in a distributed computing environment. Hadoop enables applications to run on systems with some thousands of commodity hardware nodes, and also enables to handling of thousands of terabytes of data. Hadoop technology is a base for big data processing tasks, like business and sales planning, scientific analytics. Hadoop technology offers cost effective & quick solutions as compared to traditional data analysis tools. With increasing volume of big data, huge amount of information is generated every day as a heterogeneous database. This boosts the demand for Hadoop which is used among enterprises around the world.
Growing demand for data analytics, fast & cost-effective data processing, big volumes of unstructured data are the factors driving the growth of the Hadoop market. However, security issues of Hadoop architecture may hinder the growth of the market. Moreover, data fusion, as well as partnerships in Hadoop market might provide with several growth opportunities in the forecasted year.
The global Hadoop market is segmented on the basis of component, end user, and geography. The Hadoop market is segmented by component as software, hardware, and services. Further, the market is sub segmented by software as packaged software, management software, application software, and performance monitoring software. Hardware is further sub segmented into servers, storage, network and equipment. Services comprises consulting, training, & outsourcing, integration and deployment services, and middleware and support. Further, by end user, the market is segmented into manufacturing, banking, financial services, and insurance, retail, telecommunications, healthcare and life sciences/bioinformatics, hospitality/travel, media and entertainment, trade and transportation, government sector, and IT and ITES.
Based on geography, global Hadoop market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players include Cloudera, Inc., MarkLogic Corporation, Hortonworks Inc., Hitachi Vantara Corporation, MapR Technologies, Inc., Teradata Corporation, Amazon Web Services, Inc., Cisco Systems, Inc., Datameer, Inc., and Pivotal Software, Inc., among others.
The key takeaways from the report
The report will provide detailed analysis of Global Hadoop Market with respect to major segments such as component, and end user
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Hadoop Market has been included in the report
Profile of the key players in the Global Hadoop Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Hadoop Market
Component Segments
Software
Packaged Software
Management Software
Application Software
Performance Monitoring Software
Hardware
Servers
Storage
Network and Equipment
Services
Consulting, Training, & Outsourcing
Integration and Deployment Services
Middleware and Support
End User Segments
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Manufacturing
Banking, Financial Services, and Insurance
Retail
Telecommunications
Healthcare and Life Sciences/Bioinformatics
Hospitality/Travel
Media and Entertainment
Trade and Transportation
Government Sector
IT and ITES
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Hadoop Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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