Predictions for the Future of the Hadoop Market: What Lies Ahead?

The Hadoop Market was estimated at USD 56.61 billion in 2022 and is likely to grow at a CAGR of 35.64% during 2023-2028 to reach USD 353.51 billion in 2028.

Hadoop is primarily a software framework for managing data and storage in clustered systems for big data applications. It enables users to collect, process, and analyze data. Despite the fact that Hadoop is the market leader, not all organizations are capable of installing and maintaining an in-house Hadoop environment. When using the technology, users do not need to invest in or install additional infrastructure on their premises because it is provided and managed by a third-party vendor.