Hadoop world market is worth $ 1.5 billion in 2012 and should reach 20.9 billion dollars in 2018, growing at a CAGR of 54.7.% from 2012 to 2018, according to a new market report published by Transparency market Research
in the new report, "Hadoop market - analysis of the global industry, size, Share, growth, Trends, and forecasts, 2012- 2018 ", transparency market research has segmented the market into Hadoop material software and services . segment
services accounted for about half of the market share, followed by hardware in 2012. It is expected to maintain its leading position throughout the forecast period. The complexities in the treatment of the Hadoop architecture is mainly contributed to the growth of the service sector. However, the software segment will experience the fastest growth during the forecast period and will exceed the hardware segment in terms of revenue in 2017. This is due to continuous technological changes taking place in the market software.
Government, banking, health, retail
Among the different application areas for the Hadoop market, the public sector is the largest tracking by BFSI (banking, financial services and insurance), health and life sciences, and retail. The public sector has access to large pools of data and faces several challenges in data management and data processing.
Telecommunications is in the initial phase of implementation Hadoop and by the middle of the forecast period (after 2014), this sector should see the full-fledged adoption of the architecture Hadoop. Accordingly, it is estimated to see the fastest growth over the period 2012 - 2018.
Big Data Management
The Hadoop market is driven by exponentially growing volumes of unstructured data and Hadoop capacity to access data at a faster speed and less cost compared to conventional systems such as RDBMS (database management system relational data). Hadoop not only adds new capabilities in data management system to manage unstructured data; it can do to a upper and lower speed cost . This resulted Hadoop is gaining popularity in recent years as one of the best data management solutions available large.
However, the market is expected to face some challenges such as unavailability of professionals skilled and experienced , which can effectively manage Hadoop architecture. Companies across almost all areas of application are looking for qualified working professionals to manage this architecture
Browse complete report :. Http://www.transparencymarketresearch.com/hadoop-market.html.
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