Global Hadoop Market 2017-2021
Hadoop software is a framework for the distributed processing of huge data sets. Hadoop has high scalability and can be used for single servers and thousands of machines. Hadoop focuses more on detecting and handling failures at the application layer of the software rather than the hardware. Unlike the traditional systems, Hadoop can be used on multiple analytic workloads to run on the same data, at the same time.
Technavio’s analysts forecast the global hadoop market to grow at a CAGR of 39.49% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hadoop market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hadoop Market 2017-2021
Technavio recognizes the following companies as the key players in the global hadoop market: Amazon, Cloudera, Hortonworks, IBM, MapR Technologies, Microsoft, Pivotal Software, and Teradata.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing market consolidation and partnerships. The consolidation in the global Hadoop market is increasing. Many large enterprise computing vendors are increasingly acquiring companies to attain new big data technologies. Larger vendors are targeting smaller companies to expand their business portfolio in the global big data and Hadoop market.”
According to the report, one driver in the market is growing structured and unstructured data. Enterprise data, including structured and unstructured data, is generated from various sources, including enterprise applications, web-based search, social networks, and cloud-based applications. The data coming from embedded systems and metadata are some of the fastest-growing data segments. Organizations require Hadoop for processing huge volumes of big data generated and to use the data effectively.
Further, the report states that one challenge in the market is increase in data piracy. Since a large volume of enterprise data is being digitized, crucial issues such as privacy, security, liability, and protection of intellectual property have started emerging in the global Hadoop market. Among these issues, data security and data privacy are the major concerns in the market. The vendors in the global Hadoop market are handling very sensitive client information, including confidential financial information; hence, many enterprises are concerned about their data being misused.
Amazon, Cloudera, Hortonworks, IBM, MapR Technologies, Microsoft, Pivotal Software, and Teradata.
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