Hadoop is an open-source framework for distributed storage and processing of large datasets across clusters of commodity hardware. It is highly scalable, fault-tolerant, and enables organizations to extract valuable insights from large and diverse datasets. The increasing demand for big data analytics and the growing volume of structured and unstructured data generated across organizations are major factors driving the growth of the Hadoop market.
Market Dynamics:
The global Hadoop market is experiencing rapid growth driven by several factors such as the growing demand from enterprises to gain insights from vast amounts of data, rising need to store and process large volumes of structured and unstructured data, increasing focus on parallel computing resources to handle Big Data, and cost advantages of Hadoop over other alternatives. However, lack of skilled talent, concerns regarding data governance, and lack of single platform for all Hadoop ecosystem components are expected to restrain the market growth. Growing adoption of AI and machine learning technologies integrated with Hadoop distributions provides lucrative opportunities for Hadoop vendors. Also, increasing investments by enterprises in analytics tools for competitive advantage will support the Hadoop adoption trends and fuel market growth during the forecast period.
Key Features of the Study:
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