According to a market report by Lucintel, the future of the Hadoop market looks promising with opportunities in the BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, and energy & utility sectors. The Global Hadoop market is expected to grow with a CAGR of 37% to 39% from 2023 to 2028. The major drivers for this market are rise in demand for analysing large volumes of data, increasing investments in advanced analytics, and surge in need for remote services and location data during COVID-19.
Hardware, software, and services are the major segments of Hadoop market by component. Lucintel forecasts that software will remain the largest segment over the forecast period due to increase in implementation by developers to build real-time applications.
Within this market, healthcare is expected to remain the largest segment due to growing demand of efficient and smooth functioning cloud-based solutions in this sector. Additionally, it offers wide range of benefits such as easy access to medical records, huge data storage, scalability, efficient data visualization, and monitoring health records.
APAC will remain the largest region due to the increasing demand for modernizing industries and infrastructure for data management across Asia Pacific countries, including China, Japan, and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of social media applications for customer engagement and rise in development of smart payment technologies. Amazon Web Services, Cisco Systems, Cloudera, Datameer, Dell EMC, Google, International Business Machines, MapR, MarkLogic, and Teradata are the major suppliers in the global Hadoop market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global Hadoop market by component, deployment model, enterprise size, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Hadoop Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global Hadoop market by component, deployment model, enterprise size, end use industry, and region, as follows:
Hadoop Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
· Hardware
· Software
· Services
Hadoop Market by Deployment Model [Value ($B) Shipment Analysis from 2017 to 2028]:
· On Premises
· Cloud
· Hybrid
Hadoop Market by Enterprise Size [Value ($B) Shipment Analysis from 2017 to 2028]:
· Large Enterprises
· SMEs
Hadoop Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Banking and Financial Services and Insurance (BFSI)
· Retail & Consumer Goods
· IT & Telecommunication
· Healthcare
· Government & Defense
· Energy & Utility
· Others
Hadoop Market by Region Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Hadoop Market". To download report brochure, please go to
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About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the Hadoop market by component (hardware, software, and services), deployment model (on-premises, cloud, and hybrid), enterprise size (large enterprises and SMEs), end use industry (BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, energy & utility, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?