|By Business Wire||
|April 8, 2014 01:14 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/j8tf4h/global_hadoop) has announced the addition of the "Global Hadoop Market (Hardware, Software, Services, HaaS) Report 2014-2020" report to their offering.
Hadoop Market is Expected to Reach $50.2 Billion, Globally, by 2020
The global hadoop market is expected to grow at a CAGR of 58.2% between 2013 and 2020. The market revenue was estimated to be $2.0 billion in 2013 and is expected to grow to $50.2 billion by 2020. Increase in demand for big data analytics is the major driver for this market. Huge expansion in raw structured and unstructured data and increasing demand for Big Data analytics act as the major driving factors for global Hadoop market as it provides cost effective and faster data processing of Big Data analytics over conventional data analysis tools such as Relational Database Management Systems (RDBMS). Presently, distributed computing and Hadoop platform security issues are hindering the growth of this market.
Hadoop services market is further segmented into consulting, training and outsourcing, integration and deployment, and middleware & support services. Consulting and training & outsourcing segment together accounted for maximum revenue in 2013, whereas, integration and deployment services is the fastest growing services market during the forecast period due to increasing investment in big data analytics and necessity of real time operations. Hadoop technology is currently being implemented the most in government sectors, IT and ITES, and banking, finance and insurance services. Currently, government sector is the largest revenue generating sector in Hadoop end-user application market. However, by 2020, BFSI would supersede government sector and would be the highest revenue-generating segment in the overall Hadoop end user application market. Increasing venture capital funding and rising demand for real time operations in Big Data analytics also contributes to the growth of Hadoop market.
Hadoop Hardware Market is segmented as servers, storage, and network equipment markets. In 2013, storage market was leading segment in Hadoop hardware market in terms of revenue, primarily due to social media websites like Facebook, Twitter, and LinkedIn, which add up terabytes of data each day. Hadoop servers market is expected to have a CAGR of 60.1% during 2013-2020, taking into consideration the volume and velocity at which raw data is expanding.
Key Topics Covered:
- Executive Summary
- Hadoop Market Overview
- Global Hadoop Market By Type
- Global Hadoop Market By End-User
- Global Hadoop Market By Geography
- Company Profiles
- Amazon Web Services
- Cisco Systems
- Cloudera Inc.
- Datameer Inc.
- Hortonworks Inc.
- Karmasphere Inc.
- MapR Technologies
- Pentaho Corporation
- Teradata Corporation
For more information visit http://www.researchandmarkets.com/research/j8tf4h/global_hadoop
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