This industry research report outlines the market size, forecast, and segmentation of the global Hadoop market by hadoop on-premise (Hadoop), and Hadoop as a service (HDaas). This research report also includes market shares for APAC, Americas, and EMEA regions. The leading players of the market analyzed in this report include Amazon, Cisco, Cloudera, Datameer, and Hortonworks.
Technavio has released a new market research report on the global Hadoop market, which is expected to generate revenues of $28 billion between 2015 and 2019. 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. 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.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Hadoop solutions allow organizations to achieve trouble-free big data implementation. The organizations can minimize issues related to compatibility and integration of voluminous big data with the hardware infrastructure. Such problems are handled by Hadoop vendors. Also, these solutions allow decision makers to make instant decisions regarding the storing, processing, managing, and analysis of big data,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
At present, 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.
The key vendors in the global Hadoop market includes Amazon, Cisco, Cloudera, Datameer, and Hortonworks. 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.
A more detailed analysis is available in the Technavio report, Global Hadoop Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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