Hadoop is a distributed processing technology used for Big Data analysis. Hadoop market is expanding at a significant rate, as Hadoop technology provides cost effective and quick solutions compared to traditional data analysis tools such as RDBMS.
As per the report published by AMR, Hadoop Market has great future prospects in trade and transportation, BFSI and retail sector. Global Hadoop market was valued at $1.5 billion in 2012, and is expected to grow at a CAGR of 58.2% during 2013 to 2020 to reach $50.2 billion by 2020.
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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.
Table Of Contents:
2. Executive Summary
3. Hadoop Market Overview
4. Global Hadoop Market By Type
5. Global Hadoop Market By End-User
6. Global Hadoop Market By Geography
7. Company Profiles
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