The 2023 report on the “Hadoop Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Hadoop Market is valued approximately at USD 26.74 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 37.5% over the forecast period 2020-2027. Hadoop is an open source software, provides massive storage for any kind of data and running applications on clusters of commodity hardware. It is cost effective than traditional data analysis tools such as Relational Database Management System (RDBMS) and has the ability to handle virtually limitless concurrent tasks or jobs.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Hadoop performs several operations which include big data management, big data analytics, and big data storage in a cloud. The rising adoption of digitalization in organizations, rising investments in analytics, rising adoption of smart payment technologies are the factors responsible for the market growth over the forecast period.
Moreover, the rising demand of Hadoop from end use application as well as increasing use of social media applications for customer engagement would accelerate the market growth. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th August 2018, Dell Inc. Launched ready Solutions for AI which includes Hadoop’s machine learning and Nvidia deep learning.
This solution is launched in Canada, Brazil, Mexico, Germany, France, UK, Australia, India, China and Japan market However, legal concerns and data privacy issues is the major factor restraining the growth of global Hadoop market during the forecast period.
The regional analysis of global Hadoop market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increasing volume of data, advancements in AI and big data technologies, growing concern about data integrity, and increasing demand for useful insights. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Amazon Web Services, Inc.
Cisco Systems, Inc.
Cloudera, Inc.
Datameer, Inc.
Dell EMC
Google LLC
International Business Machines Corporation
MapR Technologies
MarkLogic Corporation
Teradata Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software
Services
By Deployment Model:
On-premise
Cloud
Hybrid
By Organization Size:
Large Enterprises
Small & Medium Enterprises
By End Use:
Manufacturing
BFSI
Retail & Consumer Goods
IT & Telecommunication
Healthcare
Government & Defense
Media & Entertainment
Energy & Utility
Trade & Transportation
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market Dynamics:
- Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
- Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
- Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
- Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
- Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
- Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
- Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
- Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
- Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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