Global HadoopMarket: OverviewHadoop is an open source software solution based distributed processing technology for the storage and distribution of texts, images, videos, and several running applications.
The software has huge processing power and fault tolerance capabilities to protect data and applications against potential hardware failures.
The global Hadoop market has witnessed dynamic growth in the recent years, as the state of art software is more cost effective and efficient as compared traditional data analysis tools such as Relational Database Management Systems (RDBMS)The demand of Hadoop is due to rise in volume and amplified need for the conversion of information used big firms for decision making.
The data is created from various web based searches, social networks and cloud based applications.
However, data security concerns, and distributed computing are the impeding factors for the Hadoop market.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114657/Hadoop-Market The Hadoop market is projected to grow at a CAGR of 33.5% from 2017 - 2024, to reach USD 84.6 Billion by 2024.Global HadoopMarket: SegmentationBy SolutionPackaged SoftwareManagement SoftwareApplication SoftwarePerformance Monitoring SoftwareBy ServiceConsulting & Development ServicesTraining and Support ServicesAdministration and Managed ServicesBy End UserBanking , Financial Services and Insurance (BFSI)Government and DefenseHealthcare and Life SciencesRetail and Consumer GoodsMedia and Entertainment Energy and UtilityTransportation and Supply Chain ManagementIT and TelecommunicationOthers (Academic, Research and Manufacturing)The demand of Hadoop in BFSI is expected to outpace other applications in the offering.