Albany, NY -- (SBWIRE) -- 03/25/2019 -- Rising at this rate, the market which stood at US$8,166.0 mn in 2017 is likely to reach US$37,759.0 mn by 2023. By end use, IT and ITES segment holds dominance in the global hadoop market. The segment is anticipated to hold 19.2% market share by the end of 2023.
Top names currently in the global hadoop market to name are Cloudera Inc., Hortonworks Inc., MapR Technologies Inc., EMC Corp., and IBM Corp. With mounting volumes of digital data, the market is likely to witness the entry of new players.

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Global Hadoop Market: Overview

The business intelligence study on the global hadoop market offers useful insights to serve as a reliable business instrument. The key objective of the report is to provide up to date information on growth trends and growth opportunities in the global hadoop market for the aforementioned forecast period. It projects growth opportunities for both existing and new market players and also provides a growth trajectory of this progressive market.

An intrinsic component of the hadoop market report is the analysis and recommendations on the said market. The introductory part of the report outlines conventions and notations relevant in the context of IT and telecom sector, followed by terms and terminologies specific to hadoop market. The analysts involved in the making of this report have provided key strategic recommendations for existing as well as new players to sustain competition. The report provides competitive landscape, which includes a dashboard view of companies operating in the hadoop market. It also contains company profiles of leading companies along with insights into growth strategies adopted by these players across regions. In addition, analysts also examined various socio-economic factors such as economic indices and population demographics of key countries in various regions.

Employing Comprehensive Research Methodologies help Gauge Market Attractiveness

The report employs top-down approach to validate the estimations provided for hadoop market, whereas bottom-up approach has been employed to evaluate market numbers in the said market. Weighted average selling price to provide market share estimations of key segments is in the scope of the study. The estimates presented in the report is based on revenue projections of key companies in the hadoop market.

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To present market projections, the methodology involves sizing the current market. This serves to form the basis to predict the shape of the market in the future. Analysts \reached out to several subject matter experts in the IT and telecom sector. Given the nature of the market, analysts triangulated outcomes based on different analysis such as demand side, supply side, and market dynamics. Quantification of data along with inclusion of quality inputs gathered directly from industry experts and opinion leaders are highlights of the report.

Apart from this, the report also includes year-on-year growth assessed on the basis of regional growth. This is provided to identify growth trends and to examine growth opportunities in the hadoop market. Furthermore, market attractiveness index for key segments under each category are the highlight of this report. This index helps in identifying lucrative opportunities in the hadoop market for the aforementioned forecast period. In the final section, the report provides a dashboard view based on various categories of service providers to make for an interesting read.

Global Hadoop Market: Competitive Dashboard

The report presents useful insights on competitive strategies and competitive hierarchy in the hadoop market. It identifies leading companies and profiles them for distinguished business attributes. This helps readers to obtain a dashboard view of various parameters such as revenue, key developments, and presence in the global market. The competitive hierarchy helps evaluate competition in the market over a timescale.

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