BFSI to Emerge as Key Contributor to Growth Of the key applications of Hadoop solutions across a number of industries, the global Hadoop market earned its major share in market valuation from the IT and ITES sector in 2014. The market in this sector accounted for a share of 18.58% in the global Hadoop market and is expected to expand at an impressive 28.9% CAGR over the period between 2015 and 2023. The rising adoption of Hadoop solutions in outsourced services has been the primary driver of Hadoop market in the IT and ITES sectors in the past few years. The sector will continue to account for a reasonable share in the global Hadoop market in the future as well, but it will be outpaced by the demand for Hadoop in the BFSI segment, which will rise at a CAGR of nearly 29% from 2015 to 2023. The rising digitization of the banking, financial services and insurance sector across the world has not only increased the volumes of critical consumer-related data but has also made it vul...