The global hadoop market size was valued at USD 60.2 billion in 2021 and is expected to surpass USD 790.6 billion by 2030, expanding at a CAGR of 36.9% during the forecast period, 2022–2030. The growth of the market is attributed to the rising need for effective platforms offering massive data storage and wide use of advanced software solutions for smooth running of data operations especially among large enterprises. Moreover, the growing need for management of large volumes of unstructured business data presents another key driver of the market.
Hadoop is a Java programming and an open-source software framework that allows business organizations to store their large datasets and process them easily using a network of multiple computers. Several companies adopt the software to store their massive volume of data and information that have gigabytes to petabytes in size.
One of the key advantages of Hadoop is that it offers high speed of accessing to data and easily manageable a pile of big data as the software connects several high-performance computer systems, instead of using one super computer, to ensure smooth functioning of the data. Moreover, it provides several ecosystems that allow to integrate several tools and equipment to facilitate easy analysis and processing of business data. Using the platform, an organization can perform their data operations and computation of a large volume of data in short period of time and easy storage with safety.
The COVID-19 pandemic had provided several growth opportunities of the market expansion due to rising shift to digital transformation by corporate companies to ensure a normal function of their business operations. With the rising access to online platforms, business enterprises started adopting a range of advanced software solutions and cloud computing platforms to ensure a safety storage of their large volume of business data.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for cost-effectiveness and faster data processing, especially among large enterprises is a key factor driving the market.
- Wide availability of advanced big data analytical tools for effective management of business data is expected to fuel the market in the coming years.
- Increasing rapid growth and expansion of several industries along with wide adoption of Hadoop infrastructure by several industries including BFSI, Retail & Consumer Goods, and IT & Telecommunication further boost the market.
- High cost of software installation and lack of availability of qualified and skillful professionals handling the software solutions are major challenges that can hamper the market.
- Technology advancements and R&D programs by key players for the development of innovative data management software solutions are offering key opportunities for the market growth.
Scope of Hadoop Market Report
The report on the global hadoop market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Hadoop Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Components (Software, Hardware, and Services), Enterprise Sizes (Large Enterprises and Small & Medium Enterprises), Deployment Models (Cloud-based, On-premise, and Hybrid-based), and End-users (BFSI, Retail & Consumer Goods, IT & Telecommunication, Media & Entertainment, Energy & Utility, Manufacturing, Healthcare, Trade & Transportation, Government & Defense, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cisco Systems, Inc.; Amazon Web Services, Inc.; IBM Corp.; Microsoft Corporation; Cloudera Inc.; Teradata Corporation; Datameer, Inc.; Hitachi Vantara Corporation; Fair Isaac Corporation; MapR Technologies; and Horton Works.
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Hadoop Market Segment Insights
Software segment to expand at a rapid growth rate
Based on components, the global hadoop market is divided into software, hardware, and services.
The software segment is expected to expand at a rapid growth rate during the forecast period owing to rising use of the advanced software solutions across industries as the software helps organizations to evaluate real-time analysis of data operations. Using software, an organization can simplify the complex data outflows and manage them effectively, which offers the overall operation improvement.
Wide adoption of the advanced software solutions drives the large enterprises segment
In terms of enterprise sizes, the market is bifurcated into large enterprises and small & medium enterprises.
The large enterprises segment accounted for a large market share in 2021 and is anticipated to hold a key share of the market in the coming years owing to wide adoption of database management system (RDBMS) among large business organizations. The quest for rapid expansion among large organizations need the effective handling of business data and proper system for big data analytics. Increasing use of data analytics, Machine Learning (ML), and SQL Layer is further boosting the software segment.
Increasing use of cloud-based platforms propels the cloud-based segment
On the basis of deployment models, the global hadoop market is segregated into cloud-based, on-premise, and hybrid-based.
The cloud-based segment is projected to register a considerable CAGR during the forecast period due to wide acceptance of the cloud-based platforms for easy and secured data storage. Moreover, rapid introduction of low-cost cloud computing platforms offering easy accessibility by users further boosts the segment.
Rising data outflows related to financial activities fuels the BFSI segment
Based on end-users, the market is segmented into BFSI, retail & consumer goods, IT & telecommunication, media & entertainment, energy & utility, manufacturing, healthcare, trade & transportation, government & defense, and others.
The BFSI segment is anticipated to account for a major market share during the forecast period owing to increasing data volume outflows for financial-related activities. Rapid expansion of financial-related sectors such as banking and insurance increase the adoption of advanced software and hardware solutions, which result in the expansion of the segment.
North America to dominate the market
In terms of regions, the global hadoop market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America held a dominant market share in 2021, representing more than 35% of the total market revenue and the trend is expected to continue during the projected period owing to early adoption of advanced data management solutions and increasing R&D programs by key regional players to develop innovative data management solutions. The presence of key global players in the region further drives the regional market.
Segments
The global hadoop market has been segmented on the basis of
Components
- Software
- Hardware
- Services
Enterprise Sizes
- Large Enterprises
- Small & Medium Enterprises
Deployment Models
- Cloud-based
- On-premise
- Hybrid-based
End-users
- BFSI
- Retail & Consumer Goods
- IT & Telecommunication
- Media & Entertainment
- Energy & Utility
- Manufacturing
- Healthcare
- Trade & Transportation
- Government & Defense
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cisco Systems, Inc.
- Amazon Web Services, Inc.
- IBM Corp.
- Microsoft Corporation
- Cloudera Inc.
- Teradata Corporation
- Datameer, Inc.
- Hitachi Vantara Corporation
- Fair Isaac Corporation
- MapR Technologies
- Horton Works
Competitive Landscape
Key players competing in the global hadoop market are Cisco Systems, Inc.; Amazon Web Services, Inc.; IBM Corp.; Microsoft Corporation; Cloudera Inc.; Teradata Corporation; Datameer, Inc.; Hitachi Vantara Corporation; Fair Isaac Corporation; MapR Technologies; and Horton Works.
Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnership and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
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