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Global Hadoop Market Poised to Bring in $59.0 Bn by 2021

Author: Alisha Gonzales
by Alisha Gonzales
Posted: Aug 16, 2017

Zion Market Research has published a new report titled "Hadoop Market by Type (Software, Hardware and Services) for BFSI, Government Sector, IT & ITES, Healthcare, Telecommunication, Retails and Others End-Uses: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021." According to the report, global demand for hadoop was valued at USD 5.0 billion in 2015, and is expected to reach USD 59.0 billion in 2021, growing at a CAGR of 51.0% between 2016 and 2021.

Hadoop is software framework for distributed storage and distributed processing of very large data sets on computer clusters built from commodity hardware. It basically handles the big data analytics for enterprises. It is fastest and efficient software to meet real-time analytics from data such as audio, video, email, machine-generated data from internet.

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IT & ITES was the foremost end-use industry for global hadoop market. It accounted around 32% share of the entire revenue generated in 2015. IT & ITES was followed by telecommunication industry in the same year. In addition, end-industries such as government sector, retails and BFSI are important outlets that are likely to have splendid growth over the future years due to rapidly increasing penetration of hadoop solutions.

With the largest share, North America was a dominating regional market for hadoop in 2015. It contributes to 50% share of the entire market and it is also predicated to continue this trend for the coming years. In addition, Asia Pacific is foreseen as fastest growing region for hadoop market due to emerging IT and telecommunications industries in China and India. Furthermore, Europe is likely to witness the significant growth within the forecast period.

Browse the full report at http://www.marketresearchstore.com/report/hadoop-market-z59712

Software, hardware and services are three major segment of the Hadoop market. Among these three services segment has dominance over the market for 2015 year. It generates around 40% shares of the total revenue of Hadoop market. It is also further expected to continue its dominance in the market for the coming five years. In addition, software segment is also projected to witness lucrative growth owing to growing adoption of hadoop solution in large enterprises for handling big data.

Some of the major participants operative in hadoop market includes Amazon Web Services, Teradata Corporation, Cisco Systems, IBM Corporation, Cloudera, Inc., Datameer, Inc., Oracle Corporation, Hortonworks, Inc., VMware, OpenX, and amongst others.

About the Author

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports.

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Author: Alisha Gonzales

Alisha Gonzales

Member since: May 15, 2017
Published articles: 104

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