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Hadoop Market to Reach $340.35 Billion, Globally, By 2027 at 37.5% CAGR, Says Allied Market ResearchRise in competition in the business environment, increase in adoption of Hadoop-as-a-Service by small and medium enterprises (SMEs), and flexibility & agility for businesses provided by Hadoop drive the growth of the global Hadoop market. PORTLAND, Ore., Nov. 24, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Hadoop Market by Component (Hardware, Software, and Services), Deployment Model (On-premise, Cloud, and Hybrid), Organization Size (Large Enterprises and Small and medium enterprises), and End User (Manufacturing, BFSI, Retail & Consumer Goods, IT & Telecommunication, Healthcare, Government & Defense, Media & Entertainment, Energy & Utility, Trade & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global Hadoop market was pegged at $26.74 billion in 2019, and is projected to reach $340.35 billion by 2027, growing at a CAGR of 37.5% from 2020 to 2027.  Download Sample Report: https://www.alliedmarketresearch.com/request-sample/835 Drivers, restraints, and opportunities Rise in competition in the business environment, increase in adoption of Hadoop-as-a-Service by small and medium enterprises (SMEs), and flexibility and agility for businesses provided by Hadoop have boosted the growth of the global Hadoop market. However, low security for highly confidential data and lack of awareness regarding the benefits of Hadoop technology hamper the market. On the contrary, ongoing partnerships and funding taking place and rise in popularity of e-commerce are expected to create lucrative opportunities for the market players in the coming future. Impact of Covid-19 on Global Hadoop Market: The advent of Covid-19 has significantly impacted the global Hadoop industry.
Get detailed COVID-19 impact analysis on the Hadoop Market Services segment dominated the market By component, the services segment held the largest share in 2019, accounting for more than two-fifths of the global Hadoop market, owing to rise in big data initiatives in developing regions and its cost-efficient benefit as it manages large data sets across clusters of computers using simple programming models. However, the software segment is expected to register the highest CAGR of 39.7% from 2020 to 2027 This is due to the high adoption of consulting & outsourcing services and increase in adoption of the Hadoop framework for big data analytics in decision making, and enterprise analytics. Trade and transportation segment to manifest fastest CAGR through 2027 By end user, the trade and transportation segment is projected to portray the fastest CAGR of 45.7% during the forecast period. However, the IT and telecommunication segment held the largest share in 2019, accounting for around one-fifth of the global Hadoop market, as a number of leading telecommunication organizations have opted to deploy Big data systems to enable large scale data analysis and processing. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/835 North America held the largest share By region, the global Hadoop market across North America held the largest share in 2019, accounting for around two-fifths of the market, due to the presence of a key market players and rise in adoption of big data technologies among the organization to improve consumer target marketing and risk management abilities. However, the market across Asia-Pacific is expected to register the highest CAGR of 42.2% during the forecast period, owing to increase in the penetration of the internet in the region, along with technological and digital improvements in the industrial infrastructures. Major market players
Similar Research Reports for Information, Communication and Technology: Weather Forecasting Services Market Expected to Reach $2,777 Million by 2023 Neural Network Market worth $38,719 Million Globally by 2023 Enterprise Agile Transformation Services Market Expected to Reach $ 63.82 Billion by 2026 3D Rendering Services Market Predicted to Hit $61.65 Billion by 2026 Telecom Analytics Market Expected to Reach $9.89 Billion by 2026 Network Traffic Analytics Market Expected to Reach $3.11 Billion by 2026 AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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