Global Hadoop Market to Expand at CAGR of more than 53% 2015-2019 owing to Data Explosion in Enterprises

MarketResearchReports.biz has announced the addition of a recent report, titled ‘Global Hadoop Market 2015-2019,’ to its online repository. According to the report, the global Hadoop market is expected to expand at a CAGR of more than 53% during the period between 2015 and 2019 due to factors such as the increasing demand for cost-effective solutions to meet the needs of big data in enterprises.

The Hadoop system collects information from numerous sources such as customers, social media, and financial data and stores the collected data in a Hadoop data warehouse to manage map reduce procedures. In map reduce procedures, firstly, the input data is mapped into cluster nodes via various sources such as XML files, legacy systems, and packaged enterprise applications including SCM, ERP, CRM, SaaS-based application files, and industry-specific files. Digital content such as website content and e-mail content is also considered to undergo map reduce procedures. In the second stage, numerous smaller nodes of information are generated and distributed through computing servers. These nodes carry out parallel computing to generate applicable outputs for all queries. The results are gathered for the decision-making process. The analyzed information is then interpreted through various tools such as dashboards, enterprise applications, and business intelligence (BI).

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Cloud-based platforms such as Hadoop are used to execute various big data solutions such as data management and analytics. The global Hadoop market is segmented on the basis of end use, deployment, and geography. By end use, the global Hadoop market is divided into BFSI, retail, and manufacturing. Currently, Hadoop technology is adopted by a limited number of companies. In the coming few years, the application of Hadoop technology is predicted to increase in many verticals. The early adoption of Hadoop technology by the manufacturing and BFSI sectors is predicted to propel the global Hadoop market in the years to come.
By deployment, the global Hadoop market is classified into Hadoop on-premise and Hadoop as a service. The Hadoop as a service segment is predicted to lead the global Hadoop market in the years to come. The entry of big data and its adoption by SMEs is the major factor expected to drive the Hadoop as a service segment. Based on geography, the global Hadoop market is divided into EMEA, APAC, and the Americas. The United States is the major contributor in the global Hadoop market.

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At present, the global Hadoop market is facing several difficulties. Many organizations are unaware of the technologies that are concerned with and the skills that are required to manage big data. The global Hadoop market is predicted to be hampered by the lack of skilled and trained technical experts. Going forward, the global Hadoop market is expected to witness a shift towards Software as a Service (SaaS) Hadoop solutions as it helps companies gain a better user experience and save costs.

Some of the leading companies operating in the global Hadoop marker are Amazon, Datameer, Cloudera, Cisco, HP, Google, and Altiscale.

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