Hadoop: Key market research findings
- The market growth is directly influenced by the increasing adoption of big data analytics
- The Hadoop services segment accounts for majority of the market revenue
- Key vendors—Cloudera, Hortonworks, and MapR, Amazon Web Services, Cisco, Datameer, IBM, Microsoft, Oracle, Pivotal Software, and Teradata
Technavio’s market research analysts estimate the global Hadoop market to grow at a CAGR of over 59% between 2016 and 2020. The increasing focus on the implementation of big data analytics across organizations is the fundamental driver for the market. With voluminous data coming from multiple platforms, the organizations are increasingly looking to make use of raw data and transform it into useful information that can help in their decision-making process. As a result, organizations are focusing on installing data management solutions such as Hadoop as a part of big data analytics. At present, the Americas dominate the global Hadoop market by accounting for more than 58% of the overall market share. The availability of adequate IT and business infrastructure, presence of numerous global financial institutions and large enterprises and the greater use of technology amongst them, and the high incidence of cyber-attacks are some of the factors that are estimated to fuel growth of the Hadoop market in this this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the Hadoop segments by product.
“The increase in investments in the global Hadoop market is the latest trend in the market. Over the last five years, the global Hadoop market has received venture capital investments of more than $250 million. Most of the companies that are raising venture capital are the providers of Hadoop and HDaaS solutions. For instance, MapR Technologies raised $20 million from investors such as Redpoint Ventures, Lightspeed Venture Partners, and New Enterprise Associates,” Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
During 2015, the Hadoop services segment dominated the market and accounted for a market share of more than 42%. The services segment consists of consulting services, training services, integration services, outsourcing, and deployment services. The increasing use of big data and data analytics for decision-making purpose and the rise in adoption of cloud services in Hadoop are factors that will drive the growth of the global Hadoop services market by 2020.
The key vendors in the global Hadoop market are Cloudera, Hortonworks, and MapR, Amazon Web Services, Cisco, Datameer, IBM, Microsoft, Oracle, Pivotal Software, and Teradata. The global Hadoop market is highly competitive due to a constantly evolving market. Most providers in the market focus on developing, supporting, and selling unique Hadoop distributions, add-on innovations, and services.
A more detailed analysis is available in the Technavio report, Global Hadoop Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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