Hadoop Market Expected to Reach $842.25 Billion by 2030 - Valuates Reports

BANGALORE, India - March 9, 2022 - PRLog -- According to a recent report published by Valuates Reports, titled, "Hadoop Market by Component, Deployment Model, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global Hadoop market was valued at $35.74 billion in 2020, and is projected to reach $842.25 billion by 2030, registering a CAGR of 37.4% from 2021 to 2030.

Region wise, the Hadoop market size was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to strong economic growth along with the ongoing development in the services sector, which drives business enterprises to invest heavily in business analytics software to sustain growth and improve productivity. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to shift toward digital transformation, rise in cloud deployment among small & medium businesses, and ongoing modernization of manufacturing drive heavy investment in emerging economies is expected to boost the Hadoop market size.

The outbreak of COVID-19 is anticipated to have a positive impact on growth of Hadoop market. Increase in volume of data generated by different industries and the need to manage this data are the key factors driving the growth of the market. In addition, governments of numerous countries are adopting Hadoop to update real-time data of coronavirus and to make actionable insights from the data. Furthermore, Hadoop is helping various researchers, healthcare workers, and scientists to aggregate and synthesize incident data on a regular and global scale is expected to drive the growth of Hadoop industry during the COVID-19 pandemic.

The key players profiled in the Hadoop market analysis are Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Hitachi Vantara Corporation, Fair Isaac Corporation, MapR Technologies, MarkLogic, Microsoft Corporation, and Teradata Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the Hadoop industry.

View Full Report: https://reports.valuates.com/reports/ALLI-Manu-1T66/hadoop