Forecast 2021-2028: The global Hadoop distribution market is expected to witness significant growth, driven by the rising demand for big data analytics and the growing need for cost-effective storage solutions in various industries.
The global Hadoop distribution market is expected to experience significant growth in the coming years, according to a market report by RationalStat. Hadoop, an open-source framework for processing and analyzing big data, is becoming increasingly popular as organizations strive to make sense of their growing data volumes. The report highlights that Hadoop can be deployed on-premises or in the cloud, and the adoption of cloud computing is making it easier and more affordable for organizations to manage Hadoop clusters. Additionally, there is a growing number of Hadoop-based applications available for various industries and use cases, including data warehousing, data mining, machine learning, and artificial intelligence.
The report provides a comprehensive analysis of the global Hadoop distribution market, including market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030. It covers market segments based on components, applications, and regions. The software and service segment holds the major market share, driven by increasing venture capital investment in Hadoop integration and deployment services. The report also profiles key players in the market, such as Amazon Web Services, Cisco Systems, Cloudera, and Microsoft Corporation, among others.
Overall, the global Hadoop distribution market is expected to grow at a significant CAGR of over 37.2% during the forecast period, driven by the growing demand for big data analytics, the adoption of cloud computing, and the availability of Hadoop-based applications.