Transparency Market Research
published new market report "Hadoop
Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2012- 2018," the global Hadoop
market was worth USD 1.5 billion in 2012 and is expected to reach USD 20.9
billion in 2018, growing at a CAGR of 54.7% from 2012 to 2018. North America
was the largest market for Hadoop in 2012 due to huge amounts of data generated
in the region and the growing need to store and process the accumulated data.
Browse the full report at http://www.transparencymarketresearch.com/hadoop-market.html
The Hadoop market
is driven by exponentially growing volumes of unstructured data and Hadoop's
capacity to access data at faster speed and cheaper cost as compared to
conventional systems such as RDBMS. Not just organizations such as NASA, Apple,
Wal-Mart, Facebook or Google, but almost every Fortune 500 company deals with
an enormous data warehouse, where massive amount of data has been accumulated.
Hadoop not only
adds new capabilities in the data management system and can manage unstructured
data; it can do so at a higher speed and lower cost. This has resulted in
Hadoop gaining popularity in recent years as one of the best big data
management solutions available.However, the market faces certain challenges
such as unavailability of qualified and experienced work professionals, who can
effectively handle the Hadoop architecture.
Companies across
almost all the application sectors are looking for qualified work professionals
to handle this architecture. Additionally, Hadoop being a new architecture,
subsequent lack of awareness of its benefits among large and mid-sized
companies, results in lower adoption.
By type, the
Hadoop market has been segmented into - hardware, software and services.
Services segment accounted for about half of the market share followed by
hardware in 2012. It is expected to maintain its leading position throughout
the forecast period. The complexities associated in handling Hadoop
architecture is primarily contributing to the growth of the services segment.
However, the software segment will witness fastest growth during the forecast
period and will surpass the hardware segment in terms of revenue by 2017. This
is due to continuous technology changes taking place in the software market.
Among different
application sectors for the Hadoop market, the government sector is the largest
followed by BFSI, healthcare and life sciences, and retail. The government
sector has access to large pools of data and faces several challenges related
to data management and data handling. Telecommunication is in the initial stage
of Hadoop implementation and by the middle of the forecast period (i.e., after
2014), this sector is expected to see full-fledged adoption of Hadoop
architecture. As a result, it is estimated to see the fastest growth during the
period 2012 - 2018.
Geographically,
Europe is expected to see the fastest growth due to increasing adoption of
Hadoop across several application segments such as the government sector,
retail, and BFSI among others. Europe is an emerging market for Hadoop and the
leading players of this market such as Cloudera, Inc. and Hortonworks are
focusing on this region to acquire the major chunk of the market.
Cloudera, Inc,
Hortonworks, MapR, Pentaho, Teradata, IBM, Karmasphere, EMC-Greenplum, and HP
among others are the popular players in the Hadoop market, where Cloudera, Inc.
enjoys the maximum revenue share. Cloudera recently introduced its new
SQL-on-Hadoop solution named "Impala", an open-source, interactive
SQL query engine. Currently, Cloudera, Inc leads the market but Hortonworks,
MapR and Greenplum are expected to emerge as powerful Hadoop vendors in the
long run. Along with this, the mergers and acquisitions taking place in this
industry are increasing the number of new entrants in this market.
The Hadoop market
has been segmented as follows for better understanding and to formulate winning
strategies for the market players:
Hadoop market analysis, by
type, market size and forecast, 2012 - 2018
Software
- Hadoop
Application Software
- Analytics and Visualization
- Machine Learning
- SQL Layer
- Searching and Indexing
- Hadoop
Performance Monitoring Software
Hardware
- Storage
- Server
- Networking Equipment
Services
- Consulting
- Outsourcing
- Deployment and Support Services
Hadoop Market analysis, by
application, market size and forecast, 2012 - 2018
- BFSI
- Manufacturing
- Retail
- Telecommunications
- Healthcare and Life Sciences
- Media and Entertainment
- Natural Resources
- Trade and Transportation
- Government
- IT and ITES
- Others
In addition the
report provides a cross-sectional analysis of all the above segments with
respect to the following geographical markets:
North America
·
U.S.
·
Canada
·
Mexico
Europe
·
U.K.
·
Germany
·
France
·
Italy
·
Rest
of Europe
Asia-Pacific
·
China
·
Japan
·
India
·
Australia
·
Singapore
·
Hong
Kong
·
Rest
of Asia Pacific (contains Russia)
Rest of the World
·
South America
·
Africa
·
Middle East
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