According to BlueWeave Consulting, the global Hadoop market is anticipated to worth USD 40,689 million by 2021, with a CAGR of 43% during 2019-2025. The Global Hadoop Market is expected to grow at a significant rate during the forecast period 2019-2025, owing to rising demand for faster & effective accessibility of data from different industries like BFSI, retail, and IT& ITES. The demand for Hadoop for its cost-effectiveness and ability to process data faster will boost the Hadoop market in the upcoming year.

Hadoop Product Type analysis

On the basis of product type, the Hadoop market has been segmented into Software, Hardware, and Services. Services dominate the global Hadoop owing to increasing usage of Hadoop services by various enterprises to maximize the organization's efficiency.

Hadoop End-Use Industry analysis

On the basis of the End-User Industry, the global Hadoop market has been segmented into BFSI, Retail, Manufacturing, telecommunications, Media Entertainment, Natural Resources, Trade and Transport, Government, and IT & ITES.

North America will account for the lion’s share of the global Hadoop market during the anticipated period.

Based on region, the Hadoop market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America will dominate the world Hadoop market over the forecast period owing to the presence of major companies coupled with the huge adoption of the application of Hadoop in these regions.

Companies such as Cloudera Inc., MapR Technologies Inc., IBM Corp., Hortonworks, and EMC Corp., Horton Works, Amazon Web Services, Cisco Systems, Inc., Datameer, Inc., Fair Isaac Corporation, Teradata Corporation, MarkLogic, Pentaho Corporation, MapR Karmasphere Inc, Appistry Inc., Zettaset and Adello AG are the key players for providing Hadoop services