hadoop market was valued at $2.0 billion in 2013; furthermore, it is expected to reach a valued of $50.2 billion by 2020 with a CAGR of 58.2% from 2013-2020.
Portland, Oregon (PRWEB UK) 5 May 2014
Analyze Future published a latest report titled, "Hadoop Market (Hardware, Software, Services and HaaS, End Use Application, and Geography) - Industry Growth Trends and Forecasts Through 2020." This report would provide a detailed analyses on global hadoop market.
As per the observation made in the report, hadoop market was valued at $2.0 billion in 2013; furthermore, it is expected to reach a valued of $50.2 billion by 2020 with a CAGR of 58.2% from 2013-2020.
To view the complete report, visit us at http://www.analyzefuture.com/hadoop-market.
Key factors driving the growth of hadoop market are rise in demand for big data analytics and vast expansion in raw unstructured and structured data. This is due to faster and cost effective big data analytics processing that it provides in comparison with conventional tools such as RDBMS. Currently, hadoop platform security and distributed computing issues are impeding the growth of this market; however, such issues could be addressed with technological advancements. Further, this market would witness a growth from lowering management data cost.
The report segments hadoop market into software, services and hardware market. As data analysis is needed in numerous organizations, service market is leading the overall hadoop market with a share of 50%. Services market is sub-segmented into consulting, integration & deployment, training & outsourcing, and middleware & support services.
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Training & outsourcing and consulting together generated maximum revenue in the year 2013; however, integration and deployment segment is forecast to grow fastest during the estimated period.
Rise in the number of hadoop distributors due to increasing investments would make hadoop software market the fastest growing segment. Hadoop software market is sub-segmented into application software, packaged software, management software, and performance monitoring software. Software market was the maximum revenue-generating segment in the year of 2013. Further, it is affirmed that the hadoop packaged software market would register a CAGR of 62.9% during the forecast period. This is due to firms such as Hortonworks, Cloudera and MapR Technologies that primarily deal in hadoop packaged software solutions.
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The report segments hadoop Hardware Market into servers, network equipment and storage markets. hadoop storage market was leading in the year 2013 due to social media sites such as LinkedIn, Twitter and Facebook that store up terabyte of data every day,. However, due to wide application of serves in the data industry, hadoop servers market is expected to have a CAGR of 60.1% between 2013 and 2020.
In the end user application segment of hadoop market, government institutions contribute to the maximum revenues. However, BFSI would be the maximum revenue generator by 2020.
Due to large hadoop distributor’s presence and wide application of hadoop software, North America is and would lead the geographical market in terms of revenue. Asia Pacific region would register a CAGR of 59.2% during 2013-2020.
The report provides detailed information on major firms operating in the hadoop market. They are listed below:
Amazon Web Services
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