Hadoop is a distributed process technology used for giant knowledge analysis. Hadoop market is increasing at a big rate, as Hadoop technology provides price effective and faster solutions compared to ancient knowledge analysis tools like RDBMS. The Hadoop Market has nice future prospects in trade and transportation, BFSI and retail sector.
World Hadoop market was valued at $1.5 billion in 2012, and is anticipated to grow at a CAGR of 58.5% throughout 2013 to 2020 to achieve $50.2 billion by 2020.
The major drivers for the market growth is that the growing volume of structured and unstructured knowledge, increasing demand for giant knowledge analytics and fast and reasonable processing services offered by Hadoop. Distributed computing and security problems in Hadoop Platform area unit acting as major restraints for growth of this market. world Hadoop Market, on basis of product, is divided into software package, hardware and services. The services section is that the major contributor within the overall world Hadoop market revenue throughout the forecast amount.
On market Basis, Hadoop is divided into different parts :-
- Hadoop Software Market Analysis
- Hadoop Hardware Market Analysis
- Hadoop Services Market Analysis
- Hadoop End-use Market Analysis
- Hadoop Geographic Market Analysis
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