Hadoop is open-source software administered by Apache software foundation. It is a disseminated processing technology that can be utilized in different segments for big data analysis. It is much cost effective associated to traditional data analysis tools such as Relational Database Management System (RDBMS). Apache Hadoop is a simple, authoritative, efficient, and shared platform. However, Hadoop technology deployment delivers the features such as scalability, which helps in decreasing the operating cost and usage of commodity hardware for dependable distribution.
According to the report analysis, ‘Global Hadoop Software Market Status (2015-2019) and
Forecast (2020-2024) by Region, Product Type & End-Use’ states that Cloudera Inc., Horton
Works, IBM Corp., Pentaho, MapR Technologies Inc., Karmasphere Inc., EMC-Greenplum,
HStreaming LLC, Cisco Systems, Inc., Teradata Corpand many more are the key
corporates which recently functioning more effectively in the global Hadoop
software market for leading the highest market growth and registering the great
value of market share around the globe while delivering the better consumer
satisfaction, increasing the applications and specifications of such,
developing the qualitative and quantitative strategies of such, analysing the
strategies and policies of the government as well as corporates, implementing
the policies of the enlargement and profit making, spreading the awareness
connected to the applications of such, and decreasing the associated prices.
Augment in competition in the business
environment, tremendously low upfront costs compared to on-premise Hadoop, growth
in adoption of Hadoop software among small & medium enterprises (SMEs), and
suppleness and agility for businesses provided by Hadoop software services are projected
to propel the market growth. In addition, ongoing partnership and funding
taking place in the Hadoop software market and augment in popularity of
e-commerce are projected to drive the growth of the market. However, low
security for greatly confidential data and lack of awareness about advantages
of this technology are projected to hamper the growth of the market during the
Hadoop software market review period.
Furthermore, North America registered the global Hadoop software market share in 2019 and is projected to
retain its position in the next few years. The growth of the region is
accredited to the presence of foremost market players, such as Microsoft
Corporation, IBM Corporation, Amazon web services, and several others.
Moreover, effective increment in adoption of big data technologies amongst the
organizations to enhance the customer target marketing and risk management
abilities is projected to boost Hadoop software market growth.
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