Global Hadoop Market 2017-2021

Overview of the global Hadoop market

Enterprises generate structured and unstructured data due to various sources such as embedded systems and metadata. Technavio’s market study identifies the growing structured and unstructured data to be one of the primary factors driving the Hadoop market growth. Enterprises are utilizing Hadoop to process huge volumes of big data generated and to use the data effectively, as organization and analysis of large amounts of data manually is a tedious task. Hadoop and big data analytics help the enterprises to optimize their business decisions and innovate new business models, products, and services offerings. Our market analysts forecast the Hadoop market to grow steadily at a CAGR of more than 39% by 2021.

Owing to factors such as the increase in data and the popularity of advanced analytics, the usage of big data and Hadoop is increasing in cloud computing. Companies are depending on cloud technology to optimize large volumes of data from various sources. Cloud platforms are scalable, agile, and have high adaptability. These features make this platform a more flexible platform for deploying various analytical tools. The shift to cloud computing is identified to be one of the key factors contributing towards the increased demand of the Hadoop market.

Competitive landscape and key vendors

The Hadoop market is moderately concentrated owing to the presence of few key vendors that dominate the market. To improve their market positions, the vendors are focusing on cloud offerings and bringing together diverse mobile technologies, data, and analytics. According to the hadoop market analysis research report, the intense competition among players in the big data Hadoop market will result in market consolidation.

• The vendors in this market are:
• Amazon
• Cloudera
• Hortonworks
• IBM
• MapR Technologies
• Microsoft
• Pivotal Software
• Teradata

Segmentation by product type and analysis of the Hadoop market

• Banking, financial services, and insurance (BFSI) sector
• Government sector
• Communications sector
• Healthcare sector

In the BFSI sector, Hadoop is used for fraud detection, data security, customer intelligence, data modeling, neural network scoring, social media management, and customer analysis. Big data on Hadoop picks up odd patterns and alerts the bank regarding the same. Sigorta Bilgi ve Gözetim Merkezi (SBM) uses SAS Fraud Framework and analytics to improve the fraud detection rates and to focus more on organized fraud cases, contributing towards the growth of the BFSI sector. This will have a positive impact on the hadoop market size and opportunity.

Geographical segmentation and analysis of the Hadoop market

• Americas
• APAC
• EMEA

In Americas, the healthcare sector and BFSI sector have invested heavily in big data solutions and this has led to an increase in demand for Hadoop. Additionally, the retail sector is also witnessing growth. This in turn, will positively influence the hadoop market forecast. 

Key questions answered in the report include

• What will the Hadoop market size and growth rate be in 2021?
• What are the key factors driving the global Hadoop market?
• What are the key market trends impacting the growth of the global Hadoop market?
• What are the challenges to market growth?
• Who are the key vendors in the global Hadoop market?
• What are the market opportunities and threats faced by the vendors in the global Hadoop market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global Hadoop market?