(PRWEB) June 10, 2014
The Hadoop market has grown significantly over the past few years, because of the popularity of its application across the various areas, like weather forecasting, analyzing business trends, fighting crime and preventing epidemics, and so on. Hadoop helps to sort the large volume of data across the servers and extract potential value from all this data. Companies want to use this data for their business proliferation, and thus, there is a need for data processing technologies such as Hadoop. The Hadoop market is growing at a CAGR of 54.9%, and is expected to reach $22.9 billion by 2019.
Browse through the market data tables, figures and detailed TOC on the “Hadoop Market”.
North American Hadoop Market
Hadoop is open source software which provides a scalable and flexible solution in order to meet the growing demand for the use of big data processing to generate business insights. Hadoop is adopted by various industries in North America such as the government, manufacturing, IT, healthcare and retail industries. This increasing demand generated $842.36 million in 2013, and is expected to generate $10.9 billion by 2019, at a CAGR of 52.4% by 2019. The top industries playing an important role in this growth are Cloudera, IBM, Marklogic, EMC, Hortonworks, and many more.
European Hadoop Market
The Hadoop market in Europe crossed $422.34 million in 2013, and is expected to reach $6.5 billion by 2019. This market is expected to grow at a CAGR of 56% by 2019, as many companies across Europe are using Hadoop software for processing big data. Also, the European government is using Hadoop for maintaining the huge data of the European citizens which can be used for identification and security purposes. Companies like Cloudera, IBM, Marklogic, EMC, Hortonworks and many more are providing data processing technologies like Hadoop for business proliferation.
Asia-Pacific Hadoop Market
Hadoop-based applications are in high demand in the Asia-Pacific region in order to provide high degree of parallelism and customer-based analysis of data. Due to this demand, the Hadoop market in Asia-Pacific crossed $231.8 million, and is expected to reach $3.9 billion by 2019, at a CAGR of 58.3%. The top companies of Hadoop such as Cloudera, IBM, Marklogic, EMC, Hortonworks and others, are providing applications like HDFS, Hive, Pig, and Hbase for healthcare and bioinformatics verticals in order to store, load, and transform the data into valuable information.
Middle East and Africa Hadoop Market
The business trend in Middle East and Africa is changing and along with it the data collection pattern is also experiencing a transition from traditional analytics to Hadoop-based big data analytics. The cost-effective, scalable and flexible features of this application are further boosting the technology in the Middle East and Africa region. Thus, the Hadoop market crossed $48.96 million in 2013, and is expected to reach $1.03 billion at a CAGR of 62.7% by 2019. The top industries providing Hadoop applications are Cloudera, IBM, Marklogic, EMC, Hortonworks and many more.
Latin American Hadoop Market
Big data is being rapidly used in various industry verticals in Latin America in order to generate valuable insights from this large amount of data. Hadoop processes this data by changing the economics and dynamics of large-scale data. This is the main reason for the increasing adoption of Hadoop in Latin America, where it is expected to grow at a CAGR of 68.9%. The Hadoop market crossed $18.77 million in 2013, and is expected to reach $491.0 million by 2019. The top Hadoop companies in Latin America are Cloudera, IBM, Marklogic, EMC, Hortonworks and many more.
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