Hadoop market share research by applications and regions for 2017-2024

1
Hadoop market share forecast to witness
considerable growth from 2017 to 2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Hadoop Market

• The key players operating in the Hadoop market
  are Amazon Web Services, IBM, Teradata, OpenX,
  Hortonworks, Cisco Systems, Oracle Corporation,
  MapR Technologies, MarkLogic, Datasift,
  Microsoft, and Cloudera. These players are
  engaged in partnerships, new product
  developments, and expansion strategies to
  maintain their market share and gain an advantage
  over other competitors.
• For instance, in November 2014, Teradata entered
  into a partnership with MapR Technologies, which
  offers Hadoop choices by providing integration,
  joint product developments, and market
  strategies.

3
Continue

• Hadoop Market size is witnessing a dynamic growth
  owing to its cost-effectiveness and efficiency as
  compared to the traditional data analysis tools.
  Factors such as fast processing of structured and
  unstructured data, fault tolerance, flexibility,
  and lower server cost are the major drivers of
  the market. The enterprise data is created from
  various web-based searches, cloud-based
  applications, and social networks, which are the
  fastest growing data segments. Hence,
  organizations require Hadoop-based systems to
  manage the huge amount of data efficiently.
• Hadoop is an open source software solution for
  storing and distributing big data, which includes
  texts, videos, images, and running applications.
  It has a huge processing power and fault
  tolerance capabilities, protecting the data and
  applications against hardware failures. Growing
  big data concerns due to the rise in volume and
  amplified need for conversion of information used
  by enterprises for decision making have augmented
  the Hadoop market growth.

4

Browse Full Research Report On Hadoop Market
_at_ https//www.gminsights.com/industry-analysis/had
oop-market Request for an in-depth table of
contents for this report _at_ https//www.gminsights.
com/request-toc/upcoming/2430
https//www.gminsights.com/request-toc/upcoming/17
97
5
Continue

• Hadoop uses simple programming models to store
  the big data and is designed to extend from
  single servers to multiple machines, each
  offering the required storage and integration.
  Storage, processing, and analysis of the
  exorbitantly increasing amount of data, new
  developments, and huge investments in Hadoop
  solutions are some of the major opportunities for
  the Hadoop market.
• Keeping the sensitive data private and secure is
  a factor restraining the growth of this market.
  Hadoop misses encryption at the storage and
  network levels, giving rise to security issues.
  Moreover, Hadoop being a huge storage platform
  that is designed for high-capacity storage is not
  suitable for small data needs. Hence, Hadoop is
  not recommended for enterprises with small data
  requirements.

6
Continue

• The major end-user segments in the Hadoop market
  include BFSI, healthcare, government, trade and
  transportation, IT, telecommunication, and retail
  sector. The government sector is a major revenue-
  generating user for Hadoop technologies owing to
  the huge data storage and analysis. The retail
  industry has also benefited by the adoption of
  Hadoop technology as it helps in retail business
  expansion and offers cost-effective solutions for
  storing and analyzing the huge amount of data.
  BFSI segment leads the Hadoop market as it
  assists in understanding the customer
  requirements and updates the services accordingly
  to satisfy the customer demands.
• The North America region dominates the Hadoop
  market owing to its technological advancement and
  early adoption benefit. Moreover, the amount of
  data generated in this region is high, especially
  in the BFSI and retail sector, which further
  augments the demand for Hadoop solutions and
  services. APAC region is anticipated to grow at a
  fast rate during the forecast period owing to its
  economic growth and rising big data management
  concerns. Many organizations in this region have
  already come up with big data-related
  infrastructures, software, and solutions, which
  foster the growth of this market. This helps them
  in getting better business insights and enhances
  their decision-making capabilities. Hence, the
  demand for Hadoop is growing rapidly in the APAC
  region.

7
Methodology

• Market
  research reports Key analytical components

8
Stay In Touch Website www.gminsights.com Soci
al Media