Research Nester published a report titled “Hadoop Distribution Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalHadoop distribution market in terms of market segmentation by component, application, enterprise size, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global Hadoop distribution market is estimated to occupy a large revenue by growing at a CAGR of ~37% during the forecast period, i.e., 2022 – 2030, owing to the increasing adoption of big data techniques, and rising usage of Hadoop based applications by a number of organizations. Along with these, growing demand for big data analytics by various verticals around the world is also expected to drive market growth in the upcoming years.
The global Hadoop distribution market is segmented by component, application and enterprise size. By component, the segment for software is anticipated to grab the largest market share during the forecast period on the back of rising use of Hadoop to manage and store data for big data applications in clusters. Additionally, based on application, the BFSI segment is projected to grab the largest share over the forecast period ascribing to the high efficiency of Hadoop distribution techniques for financial firms.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing adoption of big data technologies and strong presence of market players. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the rising technological advancements in several countries in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Adoption of Big Data Techniques Across the Globe to Expand Market
Big data technologies are widely being adopted among organizations around the world over the last few years. This can be ascribed to the increasing usage of big data to improve business efficiency, reduce operational costs, and for helping in increasing sales and loyalty. This is considered to be a crucial factor predicted to boost the growth of the market in the near future.
However, low awareness regarding the benefits of Hadoop distribution is expected to operate as key restraint to the growth of the global Hadoop distribution market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global Hadoop distribution market which includes company profiling of Amazon Web Services, Inc., Datameer, Inc., Dell EMC, Google LLC, Cisco Systems, Inc., Cloudera, Inc., International Business Machines Corporation, MapR Technologies, Teradata Corporation, MarkLogic Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Hadoop distribution market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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