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. Study indicated that Hadoop Market has great future prospects in trade and transportation, BFSI and retail sector.
The major drivers for the market growth is the growing volume of structured and unstructured data, increasing demand for big data analytics and quick and affordable data processing services offered by Hadoop technology. Distributed computing and security issues in Hadoop Platform are acting as the major restraints for growth of this market. Global Hadoop Market, on basis of product, is segmented into software, hardware and services. Global Hadoop Services market generates the largest revenue in Global Hadoop Product Market.
Hadoop Software Market is sub-segmented into Application Software, Packaged Software, Management Software and Performance Monitoring Software. Application Software Market generates the largest revenue in global Hadoop Software Market. Major reason for such high revenue is its increasing implementation by developers to build real time applications.
This market for hardware is further segmented into servers, storage and network equipment market. Storage market generates the largest revenue in the overall Hadoop Hardware market. Technological advancement has led to more data generation; simultaneously, increasing amount of storage space required is resulting in the growth of Hadoop Hardware Storage market. Also, services market is categorized into Consulting Services, Hadoop Training and Outsourcing Services, Integration and Deployment services and Middleware and Support Services Market. Consulting Services market generates the largest revenue in the overall Hadoop Services market. The major factor contributing to this revenue is, increase of big data analytics in decision making and enterprise wide adoption of Hadoop technology.
North America is and would be the largest revenue generating geography in the Global Hadoop Market. Majority of Hadoop distribution organizations and technology vendors are located in North America. The major companies included in this report are Amazon Web Services, Cisco Systems, Cloudera, Inc., Datameer, Inc., Hortonworks, Inc., Karmasphere, Inc., MapR Technologies, Pentaho Corporation, Teradata Corporation and MarkLogic.
Big Data current market scenario
The huge volume of data generated across all sectors is called as Big Data. The three main features of Big Data are Volume, Velocity and Variety. Big Data is available in both structured and unstructured form and its volume is increasing at a very high rate. The data is obtained from multiple sources such as text, image or any other format. Data obtained from internet, social media websites and applications acts as a major contributor to Big Data.
Top winning strategies in Hadoop market
As Hadoop market is in its infancy stage thus capital investment is observed in Hadoop market. The principal strategies adopted by organizations in Hadoop market are Product launches and Partnerships. Other strategies adopted include expansion strategy and agreements.
Top TEN factors impacting global Hadoop market
The major factors impacting Global Hadoop market are the increasing investment in big data industry, cost effective solutions, huge volume of structured and unstructured data being generated, security and administration issues faced by Hadoop architecture, unavailability of skilled labour and widespread adoption and deployment of Hadoop technology. These factors have a direct impact on Global Hadoop business.
Top investment pockets in Hadoop market
Hadoop Market is analyzed on basis of End User Application in various sectors such as Government sector, IT and ITES, manufacturing, retail, telecommunication, healthcare, travel, banking and financial services, trade and transportation and Media and Entertainment. Retail Sector would be the most attractive market due to the expansion of organized retail industries. This analysis would help to target the most lucrative End User Application Market. The graphical presentation clearly indicates that retail, government sector and BFSI are the most attractive end users market segments. The reason is the spread of Hadoop technology across these 3 sectors.
Government sector is the second most attractive market and is presently generating the highest revenue as the amount of data generation and the necessity for data analysis is highest in government sectors. Governments hold and need to manage huge amount of data at a limited budget; Hadoop provides cost-effective solutions for the same. US government has extensively deployed Hadoop technology for its data management process, which helps in data analysis, checking adequate data and avoiding possible threats.
Currently, Services Market is highly dominating with maximum market share of the Global Hadoop Market, due to growing necessity of Data analysis over various organizations. Hadoop Services market is further sub-segmented into Consulting, Training and Outsourcing, Integration and deployment and Middleware and Support services. Consulting brings in maximum revenue 2013; whereas, Integration and deployment services have a very attractive CAGR for the forecast period, the reason being increasing investment in big data analytics, and necessity of real time operations.
POTENTIAL BENEFITS FOR STAKEHOLDERS
- This report gives a detailed analysis of drivers and factors limiting market expansion
- Projections are made for the next eight years by considering values for 2012 as reference
- Porter’s five forces and SWOT analysis discussed, would help in making strategic decisions
- Analysis of Key Market Players and Strategies adopted by them are dealt to give a deep dive intelligence on top contenders in the market
- Micro level analysis is conducted based on Product types, applications and geographies
- Comprehensive and quantitative data about changing market trends, competition and opportunities in Product and End User Application Market is provided in the report
- Identification of key investment pockets for Applications Market.
HADOOP MARKET KEY SEGMENTS
The global Hadoop market is segmented on the basis of product, end user application and geography.
HADOOP MARKET BY PRODUCT
HADOOP MARKET BY END USER APPLICATION
- Government Sector
- Media and Entertainment
- Trade and Transportation
- IT and ITES
- Hospitality and Travel
HADOOP MARKET BY GEOGRAPHY
- North America
- Asia Pacific