The global Hadoop market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The amount of data produced is developing hastily, because of the advances in new technologies, devices as well as in communication. The Hadoop market is driven by the increment in the demand for the deployment of Big Data analytics solutions for analyzing exponentially growing structured and unstructured data, to obtain actionable insights, which can be utilized for numerous decision-making processes in the future. The need for Hadoop Big data analytics is particularly vital across the banking, and IT, and telecom industries. However, the adoption across manufacturing and healthcare sectors is expected to make a massive effect on the overall market, considering the rapid IoT adoption.
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Moreover, another factor that is fuelling the increase of visualization-based data discovery solutions is the growing availability of mobile devices. Companies that continue to depend on centralized creation of reports by the few highly-trained specialists are missing an opportunity to undertake the faster, price-effective, as well as more democratized business intelligence model, which takes benefit of the intersection of the mobile workforce and Big Data and to speed insights and enhance collaboration.
The global Hadoop market analysis includes some of the key market players such Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Dell EMC, Google LLC, IBM Corporation, MapR Technologies, MarkLogic Corporation, and Teradata Corporation, among others. To maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
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Recent Developments:
- In October 2019, Alteryx, Inc. announced that it had acquired Feature Labs, a data science software company launched out of the Massachusetts Institute of Technology (MIT), that automates feature engineering for machine learning and artificial intelligence (AI) applications. The acquisition of Feature Labs will further enable Alteryx to help organizations empower every data worker to fill the data science and machine learning talent gap.
- In October 2019, in an expansion to their existing collaboration, SAS is creating a best-in-class hybrid cloud analytics solution by delivering its market-leading analytics on Red Hat OpenShift, the industry’s most comprehensive enterprise Kubernetes platform from Red Hat, the world’s leading provider of open-source technologies. The collaboration between SAS and Red Hat combines market-leading analytics with the industry’s most comprehensive enterprise Kubernetes platform in Red Hat OpenShift, helping to accelerate customer adoption of analytics across the hybrid cloud.
Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Amazon Web Services, Inc., Cisco Systems, Inc., Google LLC, IBM Corporation, Among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hadoop Market by Segment
By Component
- Hardware
- Software, and Services
By Deployment Model
- On-premise
- Cloud
- Hybrid
By Organization Size
- Large Enterprises
- Small and medium enterprises
By End-User
- Manufacturing
- BFSI
- Retail & Consumer Goods
- IT & Telecommunication
- Healthcare
- Government & Defense
- Media & Entertainment
- Energy & Utility
- Trade & Transportation
- Others
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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