Home Press Releases Hadoop Market to reach US$20.9 billion in 2018
Hadoop Market to reach US$20.9 billion in 2018
Posted on Jun 11, 2014
Transparency Market Research, a U.S.-based intelligence firm recently published a report titled “Global Hadoop Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018”. According to research the global Hadoop market was valued at US$1.5 billion in 2012 and is expected to reach US$20.9 billion in 2018, growing at a CAGR of 54.7% from 2012 to 2018.
As activities over the Internet increase by the day, a lot of data is generated. The humungous amount of data across several networks is termed as big data that belongs to those on the Internet. As companies are looking to capitalize on the proliferating digital world, enterprises are looking at compartmentalized forms of data to ascertain the market trends and consumer demands. Hadoop is one of the technologies that are helping these enterprises decipher and manage unstructured data such as text and images. Owing to these reasons, Hadoop is gaining a larger market share and popularity in the big data market as compared to other solutions.
The global Hadoop market is segmented on the basis of software, hardware, services, applications, and geography. The software segment is inclusive of Hadoop application software and Hadoop performance monitoring software. Hadoop application software is further divided into analytics and visualization, machine learning, SQL layer, and searching and indexing. The hardware segment in the global Hadoop market is fragmented into storage, server, and networking equipment.
The services segment includes consulting, outsourcing, and deployment of support services. In terms of applications, the global Hadoop market is divided into banking, financial, and insurance services, retail, manufacturing, telecommunications, healthcare and life sciences, media and entertainment, natural resources, trade and transportation, IT and ITES, government, and others. Geographically, the global Hadoop market is divided into North America, Europe, Asia Pacific, and Rest of the World.
The global demand for Hadoop is on the rise as this technology offers faster access to data and at a much lower cost as compared to RDBMS. Additionally, as data continues to increase across various sectors such as BFSI, government, healthcare, retail, and others the demand for Hadoop also keeps increasing. Presently, the biggest challenge restraining the growth of the global Hadoop market is the lack of skilled professionals to manage Hadoop with absolute efficiency. Moreover, reluctance to adopt Hadoop is also hampering the growth of its market in the developing economies of Asia Pacific and RoW.
Browse the full Global Hadoop Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/hadoop-market.html
The report also profiles some of the key companies in the global Hadoop market such as Hortonworks, Cloudera, Inc., IBM, MapR, Greenplum, Karmasphere, EMC Greenplum, and HP. The market research report on the global Hadoop market offers a detailed understanding of the plans of these companies, potential mergers and acquisitions, and research and development activities to strengthen their market shares in the coming future.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
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