Portland, OR (PRWEB UK) 27 May 2014
According to a new report by Allied Market Research titled “Hadoop Market (Hardware, Software, Services and HaaS, End Use Application, and Geography) – Industry Growth Trends and Forecasts Through 2020,” the global hadoop market is expected to grow at a CAGR of 58.2% between 2013 and 2020. The market revenue was estimated to be $ 2.0 billion in 2013 and is expected to grow to $ 50.2 billion by 2020. Increase in demand for big data analytics is the major driver for this market.
To request a sample of the report, visit at http://www.alliedmarketresearch.com/hadoop-market.
Huge expansion in raw structured and unstructured data and increasing demand for Big Data analytics act as the major driving factors for global Hadoop market as it provides cost effective and faster data processing of Big Data analytics over conventional data analysis tools such as Relational Database Management Systems (RDBMS). Presently, distributed computing and Hadoop platform security issues are hindering the growth of this market. However, with continuous technological growth these issues can be addressed. Moreover, gradual lowering operating costs to provide data management solutions will add to the growth of this market.
To browse all ICT media market reports, visit us at http://www.alliedmarketresearch.com/information-&-communication-technology-&-media-market-report.
Hadoop market, on the basis of type, is segmented into software, hardware and services market. Currently, services market is dominating with a market share of about 50% of the global Hadoop market due to growing necessity of data analysis in various organizations. Hadoop services market is further segmented into consulting, training and outsourcing, integration and deployment, and middleware & support services. Consulting and training & outsourcing segment together accounted for maximum revenue in 2013, whereas, integration and deployment services is the fastest growing services market during the forecast period due to increasing investment in big data analytics and necessity of real time operations.
Hadoop software market is projected to have the highest growth rate in the overall global Hadoop market. The increasing venture capital investments lead to addition in number of Hadoop distributors, which is the major reason for growth of Hadoop software market. Hadoop software market is further segmented as application software, management software, packaged software and performance monitoring software markets. In 2013, application software had generated the highest revenue of the overall global Hadoop software market. The main reason for this is the use of application software by developers to build applications for data analysis. Hadoop packaged software market is expect to grow at a CAGR of 62.9% during the forecast period. One of the reasons being, leading organizations such as MapR Technologies, Hortonworks and Cloudera majorly deal in Hadoop packaged software solutions. Also, Hadoop packaged software provides easier deployment of Hadoop clusters. Thus, Hadoop projects such as MapReduce, Sqoop, Hive and
others can be smoothly integrated.
Hadoop Hardware Market is segmented as servers, storage, and network equipment markets. In 2013, storage market was leading segment in Hadoop hardware market in terms of revenue, primarily due to social media websites like Facebook, Twitter, and LinkedIn, which add up terabytes of data each day. Hadoop servers market is expected to have a CAGR of 60.1% during 2013-2020, taking into consideration the volume and velocity at which raw data is expanding.
Similar Market Studies by Allied Market Research
Cloud computing services market http://www.alliedmarketresearch.com/cloud-computing-services-market.
Cloud Computing is the practice of sharing a network of remote servers which are hosted on the Internet to store, process, and manage data rather than on a local server or a personal computer. It specifically refers to a common storage space through which all the devices in the network can access data simultaneously. The use of Cloud computing technology not only gives cost benefits but also makes applications accessible to all devices in the network at any time and from any location.
Long term evolution LTE market http://www.alliedmarketresearch.com/long-term-evolution-LTE-market.
4G LTE is the latest technology in the mobile broadband market. LTE can provide a data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100 Mbps. LTE market is at a developing stage and is the market revenue is expected to soar as high as $ 997 billion by 2020, with a projected CAGR of 58.2% during 2013-2020.
Internet security market – http://www.alliedmarketresearch.com/internet-security-market
Internet plays a significant role in globalization as it helps easy connectivity across the globe. The global internet security market provides cyber security for various organizations by implementing technologies, products & services. However, the magnitude of cyber crime has grown beyond control due to unethical hacking, which is causing increased security threats globally.
Hadoop technology is currently being implemented the most in government sectors, IT and ITES, and banking, finance and insurance services. Currently, government sector is the largest revenue generating sector in Hadoop end-user application market. However, by 2020, BFSI would supersede government sector and would be the highest revenue-generating segment in the overall Hadoop end user application market. Increasing venture capital funding and rising demand for real time operations in Big Data analytics also contributes to the growth of Hadoop market.
Geographical analysis of the market revealed that North America is, and would continue to be the leading revenue generating regional market by 2020. The growth is mainly due to the presence of large number of Hadoop distribution companies & enterprises in the region, and wide adoption of Hadoop technology in North America. Asia Pacific is expected to be the fastest growing regional market at a CAGR at 59.2% during 2013-2020.
The report has profiled some of the key players of the market such as Amazon Web Services, Cisco Systems, Cloudera, Inc., Datameer, Inc., Hortonworks, Inc., Karmasphere, Inc., MapR Technologies, Pentaho Corporation, Teradata Corporation and MarkLogic.
Segments covered in the report:
BY PRODUCT
Software
Hardware
Services
BY END USER APPLICATION
Manufacturing
BFSI
Retail
Telecommunications
Healthcare
Government Sector
Media and Entertainment
Trade and Transportation
IT and ITES
Hospitality and Travel
BY GEOGRAPHY
North America
Europe
Asia Pacific
RoW
About Us:
Allied Market Research (AMR) is a global market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
Contact:
Sona Padman
5320 SW Macadam Avenue,
Suite 100, Portland, OR 97239
United States
Direct: +1(617)674-4143
Toll Free: +1(855)711-1555 (U.S. & Canada)
Fax: +1(855)550-5975
Email: sales(at)alliedmarketresearch(dot)com
Blog: http://alliedmarketresearch.blogspot.com/
