Hadoop Global Market Report 2024

Hadoop refers to an open-source system for storing and processing massive datasets ranging from gigabytes to petabytes. The platform distributes hadoop big data and analytics operations among computing cluster nodes, breaking them down into smaller workloads that can be run in parallel data by clustering several computers. The code in the Hadoop framework is primarily written in Java, however, some native code is written in C.

The main types of products in Hadoop include software, application, hardware, and services. The hadoop refers to a framework that uses basic programming principles to enable the distributed processing of massive data volumes across cluster machines. It is designed to scale from a single server to millions of nodes, each with computing and storage capabilities. They are deployed on-premise, cloud, and hybrid models in industries ranging from BFSI, manufacturing, retail, telecommunication, healthcare & life sciences, media & entertainment, natural resources, trade & transportation, government, IT & ITES, and others.

The hadoop market research report is one of a series of new reports that provides hadoop market statistics, including hadoop industry global market size, regional shares, competitors with an hadoop market share, detailed hadoop market segments, market trends and opportunities, and any further data you may need to thrive in the hadoop industry. This hadoop market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hadoop market size has grown exponentially in recent years. It will grow from $102.48 billion in 2023 to $143.78 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%. The growth in the historic period can be attributed to big data explosion, cost-effective scalability, open source and community support, parallel processing capabilities, nosql and unstructured data processing.

The hadoop market size is expected to see exponential growth in the next few years. It will grow to $531.78 billion in 2028 at a compound annual growth rate (CAGR) of 38.7%. The growth in the forecast period can be attributed to increasing demand for scalable and cost-effective solutions, real-time data processing requirements, ai and machine learning integration, hybrid and multi-cloud deployments. Major trends in the forecast period include containerization and kubernetes integration, shift to cloud-native hadoop, focus on data governance and compliance, convergence with data lakes and data warehouses, enhanced security features.

The increase in demand for data analytics is expected to propel the growth of the hadoop market. With the rapid development of big data in recent years, companies have started incorporating advanced technologies into their competitive strategies. These new technologies are focused on analyzing vast amounts of data to uncover hidden patterns that can help businesses make better decisions. These data capabilities are expected to provide cost-effective solutions and analytical strength to businesses. For instance, ManageEngine, Zoho Corporation's enterprise IT management division, published its 2021 Digital Readiness Survey report in July 2021, which was completed by 1,210 qualified executives and technology professionals from India, the United States, Canada, Singapore, the United Kingdom, Australia, and New Zealand found that 64% of them have reported using business data analytics to improve decision-making. Therefore, the increase in adoption of data analytics is expected to boost demand for hadoop during the forecast period.

The growth in big data is expected to drive the growth of Hadoop market going forward. Big data refers to large, diverse sets of information from a variety of sources that grow at ever-increasing rates. The rapid growth in data volume, variety, and velocity necessitates scalable data storage and processing solutions. For instance, in October 2021, according to the SeedScientific, a US-based provider of data innovation and analytics services, global data production is predicted to reach 463 exabytes per day by 2025 and at least 1,200 petabytes of data is kept in storage by Google, Facebook, Microsoft, and Amazon. Therefore, an increase in big data is driving the growth of the Hadoop market.

Constant technological development in cloud-based services is a key trend gaining popularity in the hadoop market. Major companies operating in the hadoop market are focused on providing technologically advanced frameworks and platforms to strengthen their market position. These companies are implementing next-generation technologies into their framework and platform, such as virtualization, grid computing, service-oriented architecture, artificial intelligence, mining, cloud computing, automated cloud orchestration, big data, data mining, and others to offer flexibility to businesses in using hadoop according to their needs. For exmaple, a cloud computing platform Microsoft Azure by Microsoft Corporation, a US-based technology corporation announced the development of its own Hadoop under its HDInsight brand. The new hadoop will feature advanced capabilities and support more frameworks enabling customers to achieve new things. It is expected to become an operating system for big data.

Major companies operating in the Hadoop market are focusing on developing data lake house platforms and technologies to leverage big data and new technologies to better serve their clients. Organizations are modernizing existing data lakes built on Hadoop, improving data accessibility, query performance, and data management. For instance, in August 2022, Cloudera, a US-based big data company, launched Cloudera Data Platform (CDP) One data lakehouse as a service. With the help of this managed service, businesses will be able to provide more of their staff with self-service analytics and data access.

In October 2021, a US-based investment firms Clayton, Dubilier & Rice(CD&R), and KKR acquired Cloudera Inc. for $5.3 billion. The acquisition accelerates the business of growth of Clouderaby way of product innovation and cloud transformation with the support and expertise of CD&R and KKR. Cloudera Inc is a US-based software company offering enterprise data management systems significantly using Apache Hadoop.

Major companies operating in the in the hadoop market report are Amazon. com Inc., Cisco Systems Inc., Cloudera Inc., Hitachi Data Systems, Hortonworks Inc., Datameer Inc., Dell Apache Hadoop Solution, Dexlock, Guavus Inc., Hortonworks Data Platform, Intellias, Kavi Global LLC, MapR Technologies Inc., Microsoft Azure HDInsight, NthDimenzion, Oxagile LLC, Pivotal Software Inc., ScienceSoft Inc., Sysvine Technologies LLC, Techmango Technology Services Private Limited, ThirdEye Data Inc., Zettaset Inc., Alteryx Inc., FourKites Inc., Oracle Corporation, Salesforce. com Inc., SAP SE, Splunk Inc., Clairvoyant LLC, Dataguise Inc.

North America was the largest region in the hadoop market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hadoop market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hadoop market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The hadoop market includes revenues earned by entities by providing system for enabling the analysis of large datasets by multiple computers in a cluster. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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