According to a latest business intelligence report by IndustryARC, the ongoing trends of ‘Big Data’ and ‘behavioral data’ have led the global — Hadoop market size to reach $36.81 billion in 2018. As quoted in the report: “To leverage the pool of data floating over the world wide web and cash out these virtual behavioral information viable for predicting the course of any moneymaking sector or even governmental policy, analytical enterprises are investing a handful of fortunes in Big Data.” Demand in the
Hadoop market is estimated to grow at a global compound annual growth rate (CAGR) of 28.65% during the forecast period 2019-2025. The report covers Hadoop Market Size by Product and applications, Hadoop market share by top 5 companies and also the market share by start-ups during the forecast period.
The report presents a detailed analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments on a yearly basis. All the commercial trending aspects of the Hadoop market, stretching from its end-users verticals, applications insights, and regional revenue pockets to the imperative competitive landscape and pricing conditions are covered in the report. An unbiased topography is maintained throughout the report by the analyst via inclusion of challenging aspects pertaining to each segment assisted by effective solutions.
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Hadoop Market Innovating the Architecture of Business Intelligence:
Consulting services is estimated to be the fastest growing Hadoop market application segment. The segment is projected to grow at a CAGR of 35.37% through 2025. Hadoop consulting services are being employed by enterprises to store, process, and analyze the gathered exploding data volumes and imply it to trace down the behavior of the market and its consumers. As it supports exploratory analytics and sophisticated data visualization techniques, enterprises capitalize on consulting services to undertake profitable market proceedings.
With impeccable and innovative IT infrastructure providing compatibility for implementation, North America held 35.12% share of the global Hadoop market demand in 2018. Though infamous, the recent Facebook–Cambridge Analytica data scandal exposes the impact-level and application of ‘Big Data’ analytics in North America.
Inexpensive Cost of Implementation Stimulating Hadoop Market Size:
The adoption of web-based recommendation systems is a disruptive trend in the Hadoop market. Recommendations in Facebook - ‘people you may know’, LinkedIn - ‘jobs you may be interested in’ and Netflix, eBay, Hulu – ‘items you may want’ are generated by analyzing enormous volumes of data in real time to rapidly calculate preferences before customers exit the web page. Such intricate operations are instantly and accurately performed by Hadoop.
The most prominent drivers of Hadoop market demand are low-cost storage and data archive, and Data lakes that store data in its original or exact format. Traditional data analysis mechanisms such as RDBMS are being sidelined by Hadoop.
Federal institutions generate huge amount of unstructured data and are in dire need of an inexpensive tool for data analysis. Since Hadoop delivers cost-effective solutions with its mechanisms such as MapReduce programming model, HDFS, and cloud storage, Hadoop software services are in huge demand in the government sector.
In 2018, MapR Technologies, provider of the industry's leading data platform for AI and analytics, announced a collaboration with VoltDB, the enterprise-class database that powers real-time decisions on streaming data. Machine learning being untapped by a majority of SMEs for real-time decision making, this partnership will provide mechanisms for organizations to automate more intelligent decision-making with machine learning.
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Hadoop Market Competitive Landscape:
Some of the key players in the global Hadoop market are Cisco Systems, Cloudera, Inc., Datameer, Inc., Amazon Web Services, Hortonworks, Inc., Karmasphere, Inc., Pentaho Corporation, MapR Technologies, Teradata Corporation, and MarkLogic.
A. Hadoop-as-a-Service Market
B. Hadoop Big Data Analytics Market
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