Why Investors Are Showing So Much Confidence In Hadoop Market?

11 Mar
2014

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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:

Increase in demand for big data analytics
Huge expansion in raw structured and unstructured data
Cost effective and faster data processing of Big Data analytics

Market Hindrance:-

Issues related to distributed computing and Hadoop platform security

How can the hindrance be overcome?

Technological development
Gradual lowering of operating cost

As per AMR, global hadoop market is segmented on the basis of software, hardware and services market.

Service market:-

Leading with 50% of global hadoop market share
Its further segmentation are consulting, training and outsourcing, integration and deployment, and middleware & support services
Consulting and training & outsourcing segment together shared maximum revenue in 2013
Integration and deployment services is expected to grow at the fastest rate

Software market:-

Due to increasing venture capital investments, software market will be the highest growing market between 2013 and 2020
Application software, management software, packaged software and performance monitoring software markets are its further segmentation
Application software had generated highest revenues in 2013
Hadoop packaged software market is expect to grow at a CAGR of 62.9% during the forecast period

Hardware Market:-

Hadoop Hardware Market is segmented as servers, storage, and network equipment markets
In 2013, storage market was leading segment in Hadoop hardware market in terms of revenue
Hadoop servers market is expected to have a CAGR of 60.1% during 2013-2020

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:

Amazon Web Services
Cisco Systems
Cloudera, Inc.
Datameer, Inc.
Hortonworks, Inc.
Karmasphere, Inc.
MapR Technologies
Pentaho Corporation
Teradata Corporation
MarkLogic.

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 client’s expectations. His forte lies in business consulting, building analytical models, and trend analysis and forecasting.

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