According to BlueWeave Consulting, The Global Hadoop Market is expected to grow with a significant rate during the forecast period 2019-2025, owing to rising demand for faster & effective accessibility of data from different industries like BFSI, retail, and IT& ITES. The demand of Hadoop for its cost-effectiveness and ability to process data faster will boost the Hadoop market in the upcoming year.
Moreover, the major factor driving the market growth is the growing use of Hadoop in retail and supply chain industries for analyzing consumer behavior, manage inventory on the basis of consumer preferences, maintain inventory and space, attract and retain consumers. Furthermore, expansion of data due to increased usage of electronic devices has demanded the adoption of reliable tool to manage and utilize these data thus accelerating the growth of Hadoop market. Additionally, increasing investments in data management & technology, major expansion in consumer data and rapidly augmenting demand for big data analytics will contribute to Hadoop market growth during the forecast period.
Global Hadoop Market Competitive Landscape
Companies such as, Cloudera Inc., MapR Technologies Inc., IBM Corp., Hortonworks, and EMC Corp. , Horton Works, Amazon Web Services, Cisco Systems, Inc., Datameer, Inc., Fair Isaac Corporation, Teradata Corporation, MarkLogic, Pentaho Corporation, MapR Karmasphere Inc, , Appistry Inc., Zettaset and Adello AG are the key players for providing Hadoop services.
Get Sample PDF of this Market Research Report: https://www.blueweaveconsulting.com/global-hadoop-market-bwc19135#ReportSample/
Implementation of Hadoop in the Service Sector is projected to be leading the overall market during the forecasted period.
On the basis of product type, the Hadoop market has been segmented into Software, Hardware, and Services. Services will dominate the global Hadoop market owing to its increased applications as a consulting, training and outsourcing tool to maximize efficiency. Efforts to make the software into a real time application will also enhance the demand of the segment.
IT & ITES is projected to lead the industry for utilizing the applications of Hadoop during the forecast period
On the basis of End-User, the global Hadoop market has been segmented into BFSI, Retail, Manufacturing, Telecommunication, Media Entertainment, Natural Resources, Trade and Transport, Government, and IT& ITES. By usage, IT & ITES will lead the market owing to growing adoption of Hadoop for managing outsourced data. BFSI is expected to grow at the fastest rate during the forecast period owing to the exponential rise in the amount of data storage coupled with increment in the risk & fraud analytics.
North America will account for the lion’s share of the global Hadoop market during the anticipated period.
On the basis of region, the Hadoop market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America will dominate the world Hadoop market over the forecast period owing to the presence of major companies coupled with the huge adoption of application of Hadoop in these regions. The Asia Pacific is projected to be the fastest growing market throughout the forecast period due to the rapid expansion of IT services Industry in emerging countries like India and China.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global Hadoop Market size & forecast. The report promises to provide state-of-the-art technology of Hadoop production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
Table Of Content:
Get Detailed Analysis of Table of Contents @
BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.