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:
Digvijay Deshmukh
Research Analyst at Allied Market Research
Digvijay Deshmukh is associated with Market Research industry for more than 5 years and possess strong expertise in market assessment, forecasting and consulting in ICT and Semiconductor industry. With his skilled proficiency in market research, Digvijay is actively involved in providing critical insights on business research to clients with his subject matter expertise. Various other sub-markets scrutinized include media and entertainment, HVAC, process control and automation, display technologies, telecom and IT, service industry, and power electronics among others. He is a part of multiple consulting assignments and is actively involved in commissioning, planning, execution, and delivery of projects to clients expectations. His forte lies in business consulting, building analytical models, and trend analysis and forecasting.
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