Hadoop Market is Driven by Healthcare
Hadoop has two main subprojects, namely – MapReduce and Hadoop Distributed File System (HDFS). MapReduce is a framework that assigns work to the clusters in a node, whereas HDFS is a file system used for data storage in a Hadoop cluster.
Since its inception in 2009, the global market for Hadoop is growing at a healthy rate as it has emerged as one of the best tools to manage big data.
Browse Market Research Report:
Growing unstructured as well as structured data volume across different end use sectors such as retail, BFSI, healthcare, media and entertainment, and telecommunication among others is augmenting the demand for Hadoop solutions.
As a result of technological advancement, huge volumes of data are being generated by different electronic devices used in various end use segments such as Banking, Financial services and Insurance (BFSI), retail, telecommunication, healthcare, and government and public utilities among others.
The data generated in the above mentioned end use segments include office productivity documents, e-mail, and web content along with social media data. Most of this data generated is unstructured and thus organizations are looking for a tool that could handle this unstructured data appropriately.
Increased corporate spending to manage unstructured data has boosted the adaptation of Hadoop. Furthermore, Hadoop is cost effective and has low maintenance charges compared to other data frameworks such as relational database management system (RDBMS).
In addition, Hadoop has the ability to run on commodity hardware and the time taken to process the data is less. Asia Pacific has the largest number of internet users followed by Europe.
In the near future, cell phones with high end internet connectivity are likely to gain more popularity and a healthy percentage of cell phone users are expected to use it for both commercial and personal purposes.
Moreover, billions of people conduct different types of online transactions daily contributing to the generation of huge volume of data.
In terms of types, the market has been categorized into software, hardware and services. The software segment has been further sub divided into application software and performance monitoring software.
The hardware segment has been sub divided into storage and server. The storage segment concentrates three types of storage, 1 to 1000 terabytes, 1 petabyte to 10 petabytes and above 10 petabytes.
The services segment has been further divided into consulting, training and outsourcing, integration and deployment and middleware and support services.
Make an Enquiry:
In addition, the Hadoop market has also been categorized by end use industries into banking, financial services and insurance (BFSI), retail, manufacturing, telecommunication, healthcare and life sciences, media entertainment, natural resources, trade and transport, government and IT and ITES among others.
Furthermore, the Hadoop Market has been segmented geographically in to North America, Europe, Asia Pacific and rest of the world sub regions. The scope of the report offers an insight into Hadoop market in these regions based on revenue (USD million).
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hadoop Market is Driven by Healthcare here
News-ID: 473144 • Views: 606
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for Hadoop
Global Hadoop Market Snapshot by 2019
Global Hadoop Market reports are thorough analysis a careful investigation of around the world which enables the client to assess the long haul based request and predicts exact executions. The development rate which is really anticipated relying upon the scholarly examination gives thorough data on the overall Hadoop industry. Access Full Information @ http://researchreport.biz/global-hadoop-market/ The drivers and restrictions are really assembled after the entire consciousness of the worldwide industry development. Likewise,
Hadoop Market - Cloudera, Horton Works, IBM, Pentaho
MarketResearchReports.Biz adds “Global Hadoop Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Hadoop market and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis
Hadoop Market - Next Generation Data-Based Applications
Characterized by a consolidated vendor landscape, leading players in the global Hadoop market are vying to acquire smaller ones to strengthen their competitive position. Mergers and acquisition and partnerships are key growth strategies adopted by leading players to buoy growth. This is to penetrate into regional markets that hold immense potential for hadoop. Apart from this, leading players are focused on developing their own version of Hadoop to up their
Hadoop Market 2022: Business Development Analysis
Global Hadoop Market Professional Survey Report 2016 by Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021 The report systematically analyzes the most essential details of the Global Hadoop Market with the help of an in-depth and specialized analysis. Defined in a ground-up manner, the report presents a comprehensive synopsis of the market based on the factors that are predictable to have a considerable and determinate impact on the market’s
Hadoop Market Asia Pacific Most Lucrative Region
The vast shortage of data analysts capable of analyzing big data and the rising popularity of data analytics for uncovering unknown data correlations, hidden consumption patterns, market trends, and consumer preferences have strengthened the position of Hadoop in business circles in the past few years, points TMR. Hadoop is now considered an excellent substitute to human resources for effective data analysis and continues to expand its array of end-use industries. The
Introducing Hadoop books by Packt
Packt is pleased to announce the release of three new Hadoop books this February. In order of release, they are: Hadoop MapReduce Cookbook Hadoop Real-World Solutions Cookbook Hadoop Beginner’s Guide Apache Hadoop is a popular open source project that enables the distributed processing of large data sets across clusters of commodity servers. The software framework was named after Doug Cutting’s son’s toy