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(Wireless-NewsWire.Com, May 12, 2017 ) Publisher's market research analysts predict the global Hadoop market to grow at a CAGR of more than 53% over the next four years. Several factors such as data explosion in enterprises and demand for cost-effective solutions to meet big data analytics needs contribute to the growth of this market.
However, the market is witnessing a lack of trained and talented technical experts. Companies are unaware of the technologies concerned and skills required for managing big data. As per the forecast, this market will witness a gradual shift towards Software as a Service (SaaS)-based Hadoop solutions as it helps enterprises save cost and gain a better user experience.
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How does Hadoop help analyze data?
The Hadoop platform collects data from various sources such as social media, customers, and financial data, and stores it in a Hadoop data warehouse to undergo the map reduce process.
In the map step, the input is mapped into cluster control nodes from various sources such as legacy systems, XML files and packaged enterprise applications such as CRM, ERP, SCM, SaaS-based applications files, Industry-specific files, and digital content such as e-mail and website content.
The second step is called reduce, and it involves various smaller nodes of information that are generated and distributed across computing servers. Thereafter, parallel computation is performed by these work nodes to generate relevant output for queries. The results are collected from the nodes to generate conclusive data for decision-making purposes. The analyzed data is interpreted through tools such as business intelligence (BI) applications, enterprise applications, and dashboards.
Various big data solutions such as analytics and data management are performed on this cloud-based platform. Enterprise end-users access the results through web-based subscription services offered by their service providers.
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Segmentation of the global Hadoop market by end-users
BFSI
Manufacturing
Retail
Presently, the hadoop technology has been adopted by a very limited number of organizations. The application of hadoop technology is expected to increase in many new enterprise verticals during the forecast period. Early adoption of hadoop by the BFSI and manufacturing sector is expected to propel the growth of this market over the next four years.
Segmentation of the global Hadoop market by deployment
Hadoop on-premise (Hadoop)
Hadoop as a service (HDaas)
The market share for the HDaaS segment is expected to grow at a faster rate through 2019. The emergence of Big Data and its adoption by SMEs are key trends that are expected to drive the global HDaaS market during the forecast period.
Geographical segmentation of the global Hadoop market
APAC
Americas
EMEA
The US is a major revenue contributor for the global Hadoop market. Hadoop as a service is particularly popular in the region as it provides a secure environment for industries seeking cloud technology, with a cost-effective, shared, and secure infrastructure.
Leading vendors of the global hadoop market
In the past few years, the global hadoop market has witnessed multiple venture capital investments of more than $250 million. Most of these companies are also providers of HDaaS solutions. New developments in Hadoop technology are expected to draw significant investor attention during the forecast period.
Amazon
Cisco
Cloudera
Datameer
Hortonworks
Other prominent vendors in this market include Altiscale, Cask, Google, HP, Infochimps, Karmasphere, MapR Technologies, Mortar Data, Pentaho, and Teradata.
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