Hadoop Market to Reach $340.35 Billion, Globally, By 2027 at 37.5% CAGR, Says Allied Market Research
According to the report, the global Hadoop market was pegged at $26.74 billion in 2019, and is projected to reach $340.35 billion by 2027, growing at a CAGR of 37.5% from 2020 to 2027.
- According to the report, the global Hadoop market was pegged at $26.74 billion in 2019, and is projected to reach $340.35 billion by 2027, growing at a CAGR of 37.5% from 2020 to 2027.
- Rise in competition in the business environment, increase in adoption of Hadoop-as-a-Service by small and medium enterprises (SMEs), and flexibility and agility for businesses provided by Hadoop have boosted the growth of the global Hadoop market.
- However, low security for highly confidential data and lack of awareness regarding the benefits of Hadoop technology hamper the market.
- Impact of Covid-19 on Global Hadoop Market:
The advent of Covid-19 has significantly impacted the global Hadoop industry.