The global Hadoop distribution market is estimated to gather a sizeable revenue by growing at a CAGR of ~37% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand to use big data analytics in several industry verticals, and growing usage of Hadoop based applications by many organizations that require real time analytics from email and video. In addition to these, Hadoop is extremely efficient in generating data from a wide range of sensors and external sources including social media and the internet. This is a significant factor expected to drive the growth of the market over the forthcoming years. Furthermore, growing adoption of big data techniques is projected to offer ample growth opportunities to the market in the near future. For instance, about 52 percent of companies in the entire world adopted big data technologies in 2019. In the future, the implementation is evaluated to increase by more than 38 percent.
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The market is segmented by application into manufacturing, BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, media & entertainment, energy & utility, trade & transportation, and others, out of which, the BFSI segment is anticipated to hold the largest share in the global Hadoop distribution market on account of the high efficiency provided by Hadoop to financial firms for effectively accessing and analyzing data, and for customer segmentation, risk analysis and management of targeted services. Additionally, on the basis of component, the segment for software is assessed to grab the largest share during the forecast period owing to the increasing usage of Hadoop to manage data and storage for various big data applications that operate in clusters.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global Hadoop distribution market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in North America is estimated to acquire the largest share over the forecast period on the back of the growing adoption of big data technologies among organizations, and rising need to enhance risk management abilities and customer target marketing in the region. For instance, in the United States, as of 2021, approximately 93 percent of businesses are calculated to invest in technologies, namely big data and artificial intelligence or AI. Apart from these, strong presence of prominent market players is also projected to drive the region’s market growth in the coming years. Moreover, the market in Asia Pacific is expected to observe the highest CAGR during the forecast period, which can be credited to the growing technological advancements in the IT sector of various countries, and escalating need to effectively manage large amounts of data generated in the region.
The global Hadoop distribution market is further classified on the basis of region as follows:
Our in-depth analysis of the global Hadoop distribution market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major growth drivers for the market are increasing demand to use big data analytics in several industry verticals and growing adoption of big data techniques.
The market is anticipated to attain a CAGR of ~37% over the forecast period, i.e., 2022 – 2030.
Lack of awareness regarding benefits of Hadoop distribution is estimated to hamper the market growth.
Asia Pacific will provide more opportunities for business growth owing to the growing technological advancements in the IT sector of various countries.
The major players in the market are Amazon Web Services, Inc., Datameer, Inc., Dell EMC, Google LLC, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, application, enterprise size, and others.
The software segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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