11 Mar
2014
In the field of technology, Hadoop is the latest buzz that is heating up the market that helps to store large amount of data. Large enterprises have huge amount of data streaming from various verticals. Hence, to sort all the data, analyze, quantify and bringing it to predictive analysis is a mammoth task. Here, hadoop helps to convert their crude data into propelling business fuel.
Looking at the increasing popularity of hadoop market, investors have become confident about its future prospects. To assure investors of investment in hadoop market, Allied market research has prepared a comprehensive report which projects global hadoop market to reach $50.2 billion by 2020, growing at a CAGR of 58.2% between 2013 and 2020.
Driving factors of hadoop market:
Market Hindrance:-
How can the hindrance be overcome?
As per AMR, global hadoop market is segmented on the basis of software, hardware and services market.
Service market:-
Software market:-
Hardware Market:-
At present, government sector is the leading revenue generating segment in Hadoop end-user application market. However, by 2020, BFSI will surpass government sector to be the highest revenue grosser in Hadoop end-user application market.
Geographical analysis by AMR observed that North America is and will continue to remain leading revenue generator due large presence hadoop distribution companies & enterprises. Asia Pacific region is projected to be the fastest growing region with a CAGR at 59.2% between 2013 and 2020.
Key market players by AMR:
Akhilesh Prabhugaonkar
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.
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