The Global Hadoop Market Size accounted for USD 49.5 Billion in 2021 and is projected to occupy a market size of USD 851.4 Billion by 2030 growing at a CAGR of 37.3% from 2022 to 2030.
Hadoop is a Java-based open-source framework used for storing and processing big data. The framework is managed by Apache Software Foundation and is licensed under Apache License 2.0. Hadoop is playing an important role in giving the database world much-needed upgrades as more applications generate large amounts of data to be processed. While application servers' computational power has increased dramatically in recent years, databases have performed poorly due to their limited speed and capacity. This software is mostly used by data analysts to handle big data, and its market size continues to grow. There are three components of Hadoop - Hadoop Distributed File System (HDFS) which is the storage unit; Hadoop MapReduce which is the processing unit; and Yet Another Resource Negotiator (YARN) which is a resource management unit.
Hadoop Market Report Statistics
Global Hadoop Market Dynamics
Hadoop Market Report Coverage
|Hadoop Market Size 2021||USD 49.5 Billion|
|Hadoop Market Forecast 2030||USD 851.4 Billion|
|Hadoop Market CAGR During 2022 - 2030||37.3%|
|Hadoop Market Analysis Period||2018 - 2030|
|Hadoop Market Base Year||2021|
|Hadoop Market Forecast Data||2022 - 2030|
|Segments Covered||By Component, By Deployment Model, By Industry Vertical, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Microsoft Corporation, Amazon Web Services, Inc., Cloudera, Inc., Cisco Systems, Inc., Datameer, Inc., Fair Isaac Corporation, MapR Technologies, MarkLogic, Hitachi Vantara LLC (Hitachi Ltd.), and Teradata Corporation.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Hadoop Market Growth Factors
The significant increase in data across the globe is the primary driver of the global hadoop market. Every day, for example, people all over the world generate 2.5 quintillion bytes of data. The growing number of internet users around the world adds to this data. According to recent Internet growth statistics, 4.95 billion people will be using social platforms by January 2022, according to a recent survey. That equates to approximately 62.5% of the global population. Since, the majority of the population was staying at home due to the COVID-19 pandemic, the number of internet users increased significantly, as did the work from home trend. As a result, the world witnessed exponential data generation during the pandemic period.
Availability of low-cost data processing solutions is another factor that is driving the hadoop market share. Hadoop can manage both unstructured and structured data from a data centre or relational database, allowing the end user to make more informed decisions based on massive amounts of data. Additionally, cost-effective and fast data processing is also supporting the market growth.
However, as technology evolves, so does the frequency of data intrusions. As a result, when developing analytics solutions for various enterprise applications, data privacy and security are critical. When big data is collected, it is processed in parallel. With the rise of cyber threats across multiple industries, Hadoop solutions are prone to hacking, that also means sensitive organizational data could get into the wrong hands, causing severe damage.
Growing deployment of cloud-based solutions is expected to generate numerous growth opportunities for the market in the coming years. This also means that many companies are shifting their business approach towards digitization by investing heavily in cloud-based solutions. According to Cisco, 73% of cloud workloads and compute occurrences will be in public cloud data centres in the United States in 2021, up from 58% in 2019.
Hadoop Market Segmentation
The global hadoop market is segmented based on component, deployment model, industry vertical, and geography.
Hadoop Market By Component
As per the hadoop industry analysis, the services sub-segment had the highest percentage of share in 2021 and is expected to continue to do so in the coming years. The growing adoption of Hadoop as a service is expected to propel segmental growth. Hadoop services are a comprehensive data analytics framework that provides Hadoop training and outsourcing, as well as Hadoop consulting, integration, and deployment, as well as Hadoop middleware and support. However, the software sub-segment is expected to grow rapidly during the forecast period of 2022 to 2030.
Hadoop Market By Deployment Model
According to the hadoop market forecast, the on-premise sub-segment obtained the most revenue between 2022 and 2030 and is expected to gain significant traction in the near future. The increasing data privacy and security concerns among cloud-based deployment models are attributed to the largest share in the on-premise segment. However, with technological advancements and the adoption of artificial intelligence and machine learning, data security issues in cloud-based solutions will be minimized.
Hadoop Market By Industry Vertical
The IT & telecom segment dominated the Industry Vertical category and will continue to do so in the coming years. This is due to the fact that businesses looking to use Hadoop for business purposes will prefer cloud-based Hadoop solutions over dealing with the challenges associated with on-premise Hadoop. However, the healthcare industry is expected to be the fastest growing segment in the Hadoop Market, with a CAGR of 38% between 2022 and 2030, driven by the growing demand for well-organized and smooth-functioning cloud-based solutions in this sector.
Hadoop Market Regional Outlook
The Middle East & Africa
Hadoop Market Regional Analysis
North America, out of all regions, generated the most revenue in 2021 and is expected to lead the market from 2022 to 2030. The region's largest share can be attributed to the region's massive amount of data, development in AI and big data technologies, and rising concerns about data integrity. Furthermore, increased cloud computing penetration, advanced healthcare industry, and growing use of virtual innovative technologies are all supporting the North American hadoop market. Meanwhile, the Asia-Pacific region is expected to grow rapidly in the coming years. The region's popularity for Hadoop big data analytics solutions is increasing due to the rapid increase in data production from a variety of industries on a daily basis.
Hadoop Market Players
Some of the leading hadoop companies include Microsoft Corporation, Amazon Web Services, Inc., Cloudera, Inc., Cisco Systems, Inc., Datameer, Inc., Fair Isaac Corporation, MapR Technologies, MarkLogic, Hitachi Vantara LLC (Hitachi Ltd.), and Teradata Corporation.
The market size of hadoop market in 2021 was accounted to be USD 49.5 Billion.
The projected CAGR of Hadoop market during the analysis period of 2022 to 2030 is 37.3%.
The prominent players of the global hadoop market include Amazon Web Services, Inc., Cisco Systems, Inc., Cloudera, Inc., Datameer, Inc., Hitachi Vantara LLC (Hitachi Ltd.), Fair Isaac Corporation, MapR Technologies, MarkLogic, Microsoft Corporation, and Teradata Corporation.
North America held the dominating hadoop during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for hadoop during the analysis period of 2022 to 2030.
Rising demand for digital transformation or organizations, increasing investment in analytics, and growing use of social media apps drives the growth of global hadoop market.
Based on component, software segment is expected to hold the maximum share of the Hadoop market.