Global Hadoop MarketReport, published by Variant Market Research, forecast that the global market is expected to reach $670.8 billion by 2025 from $11.9 billion in 2017; growing at a CAGR of 65.6% from 2017 to 2025. By geography, Europe, and Asia-Pacific are expected to grow at a CAGR of 66.8% and 66.3%, respectively, during the forecast period. With increasing demand for data analytics, and huge volumes of unstructured data, the Hadoop Market is likely to register high growth over the forecasted period. Various end use verticals Hadoop include telecommunications, manufacturing, banking, financial services, and insurance, retail, hospitality /travel, media and entertainment, government sector, and IT and ITES, among others.
"Hadoop Market (By Component: Software, Hardware, and Services; By End User: 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;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025"
High demand about data analyticsto drive the growth of the global market
Factors impacting the growth of the global Hadoop market are fast & cost-effective data processing, high demand about data analytics, huge volumes of unstructured data. However, distributed computing may act as a restraint for the growth of the market. Moreover, ongoing partnerships in Hadoop market would provide several growth opportunities for the market in the coming years.
Component, end user, and geography are the major segments considered in the global Hadoop market. By component, the market is bifurcated into software, hardware, and services. Further, the market is sub segmented on the basis of software as packaged software, management software, application software, and performance monitoring software. Hardware includes servers, storage, network and equipment. Services includes consulting, training, & outsourcing, integration and deployment services, and middleware and support. By end user, the market is categorized 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. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. UK, Russia, Germany, France, Italy, and Rest of Europe are analyzed under the European market. India, China, Japan, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa.
Services accounted for the largest market share in thecomponent segment
Services accounted for the largest market share in 2017, in the component segment, and are expected to continue its dominance during the forecast period 2017 – 2025. Acceptance of big data analytics in the decision making of enterprises around the globe has been increasing. Big data analytics observes large amounts of data to reveal hidden patterns, associations and other insights. With this technology, it’s possible to evaluate your data & instantly get answers from it. The high acceptance of big data analytics drive the growth of the services segment.
IT and ITES accounted for the largest market share in theend usersegment
IT and ITES accounted for the largest market share in 2017, in the end user segment. Increasing demand about Hadoop technology for cost effective & faster accessibility of data in IT and ITES sector is increasing. The adoption of Hadoop technology in outsourced services has been increasing, which is the key driver for the growth of IT and ITES segment.
North America dominated the global market with highest market share over the forecast period
North Americadominated the global market with largest market share of 51.2% in 2017 and expected to continue its dominance during the forecasted period. Key technology vendors of big data are from North America. Additionally, the technology has been developed as well as highly accepted in the region, which increased the demand for the Hadoop technology in the North America.
The key players operating in the market are Datameer, Inc., Cloudera, Inc., MarkLogic Corporation, Hortonworks Inc., Hitachi Vantara Corporation, MapR Technologies, Inc., Teradata Corporation, Amazon Web Services, Inc., Pivotal Software, Inc., and Cisco Systems, Inc., among others.