Global Hadoop Market: Need For Efficient Management of Unstructured Data Leads To Better Market Growth

A recent market research report added to the vast research portfolio of MarketResearchReports.biz presents a detailed overview of the global hadoop market, based on several associated parameters. This report titled “Hadoop Market Share by Type Software, Hardware and Services: Industry Trends and Forecast 2015 – 2023” encompasses detailed descriptions about prominent market drivers, regional extent, leading market segments, competitive situations with key players, and several other factors.

Hadoop, a Java-basd open source programming framework helps to process large data sets in a distributed computing environment. Due to rapid advancement in technology, large volumes of data are being generated in recent years in various work sectors, which need to be efficiently processed and handled. This is one of the foremost factors that has lead towards an upsurge in the global hadoop market. Rather, ever since it was released in 2009, the hadoop market has been exhibiting a healthy growth rate, having emerged as one of the best tools used for managing large data volumes. Rising demand of this programming service in various sectors such as healthcare, media and entertainment, telecommunication, retail, and others has also significantly pushed the market growth. The demand for hadoop utilization is being augmented as a result of several benefits associated with this service. Less processing time, ability to run commodity hardware, and managing unstructured data are some of the advantages of hadoop open source programing, which are known to positively contribute towards the market growth.

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Talking about restraints, the growth of the global hadoop market is being attenuated by the presence of distributed computing and security issues. Considering the latter one, every open source framework in the world is at risk of getting affected by undesirable factors such as hacker and virus attacks. However, the overall provision of security for these frameworks is improving, thus indicating that the effects of restraints caused on the global hadoop market might reduce in future.

Based on three main criteria i.e. type, end-use industry and geographical spread, the hadoop market is categorized into several segments. From the perspective of product type, the global hadoop market consists of software, hardware, and services segments, which have been further divided into many sub-segments. Based on the end-user industries, the global hadoop market consists of several segments such as financial services and insurance (BFSI), manufacturing, healthcare, banking, life sciences, retail, media entertainment, and several others. From the software segment, the application sub-segment hold the leading position with maximum market revenue. This is mainly due to rising implementation of this segment by developers in order to make real time applications.

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From a regional perspective, the global hadoop market is mainly spread across four regional segments: North America, Asia Pacific, Europe, and Rest of the World. From a regional perspective, North America holds the top spot on the leaderboard, with respect to maximum earnings. This region mainly exhibits a good performance in the global hadoop market due to extensive investments put in by several market players, which also has helped the market to gain a lot of revenue in this region.

The competition in the global hadoop market is fierce, with the framework being extensively developed by numerous market players. Even though some businesses are pitted in a tough manner against each other, most of them are well-established in the market, thus forming a comparatively stable competitive environment. Some of the key players in the global hadoop market are IBM, Cloudera Inc., Teradata Cororation, Zettaset Inc., Hortonworks Inc., EMC Corporation, MapR Technologies Inc., amongst several others.

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