Hadoop: A Global Strategic Business Report
San Jose, California (PRWEB) June 10, 2015
Follow us on LinkedIn – Advancements in various sectors including telecommunication, healthcare, life sciences, retail and BFSI over the years have been resulting in generation of enormous amount of data. However, limited capabilities of conventional data management approaches have resulted in significant inefficiencies, translating into lost capabilities for enterprises in transforming valuable data into effective business strategies. The situation created a pressing need for advanced solutions that can assist organizations in handling and analyzing data for gaining useful insights, thereby driving the phenomenon of Big Data. Underpinning the craze behind Big Data is Hadoop, which is a system of distributed clusters and nodes. Hadoop enables users to store as well as distribute large datasets across various computing systems. Hadoop is a catch-all, open source technology solution that features tremendous scalability, cheaper storage and big data analytics with lower server costs.
Although essentially an open source technology, various commercial Hadoop distributions have also emerged on the market in recent years. Growing volume of data is the key driver for Hadoop market, enabling the technology to emerge as the foundation of many Big Data architectures worldwide. Economics are also expected to play a critical role. Hadoop represents a cheaper means to form data pools and carry out analytical queries, and it can store as well as process large structure and unstructured data in addition to leveraging the cloud. Hadoop is finding adoption as a cost-efficient tool for data analysis with several applications across various sectors such as government, retail and BFSI.
Technological advancements in the form of new tools continue to emerge for Hadoop ecosystem, enhancing the analytical functionality of Hadoop, which would support growth going forwards as Big Data practitioners continue to switch to Hadoop. Limitations with the first generation Hadoop distribution such as presence of single NameNode and reliance on MapReduce for data processing with limited capabilities resulted in the development of next generation Hadoop technology, the Hadoop 2.0. While the market is poised to gather significant momentum going forwards, several challenges exist that may impede growth prospect, including shortage of qualified and skilled professionals and relatively lower penetration of the next-generation architecture in developing regions.
As stated by the new market research report on Hadoop, the United States represents the largest market worldwide. The country is home to some of the largest and early adopters of Hadoop, as well as a market with growing number of new adopters of the technology. Asia-Pacific is forecast to emerge as the fastest growing regional market with revenues in the region projected to register a CAGR of 61% over the analysis period. Growing Big Data concerns in tandem with rapid economic growth is driving demand for Hadoop in the region.
Key players covered in the report include Amazon Web Services, Inc., Cloudera, Inc., Datameer, Inc., Hortonworks, Inc., IBM Corporation, MapR Technologies, Inc., Microsoft Corporation, Pivotal Software, Inc., and Teradata Corporation, among others.
The research report titled “Hadoop: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major players. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific and Rest of World. Segments analyzed in the report include Hardware, Software and Services.
For more details about this comprehensive market research report, please click here
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