Published on : Mar 31, 2016
From banking, financial services and insurance (BFSI), retail, and manufacturing industries, the services of Hadoop have now reached various other industry verticles such as telecommunication, media and entertainment, natural resources, and trade and transport. The growing reach of Hadoop solutions across various industries is predicted to propel the global Hadoop market in the next few years. The two main subprojects of Hadoop, namely Hadoop Distributed File System and MapReduce have gained a lot of importance and acceptance across the globe. With its feature to manage big data, Hadoop has grown rapidly in the recent past.
Going forward, the growing structured and unstructured data volume across various end-use sectors such as BFSI, retail, telecommunication, and media and entertainment is predicted to propel the global Hadoop market.
What has Changed in Hadoop Solutions?
The use of Hadoop services and solutions is expected to increase globally, especially in Asia Pacific as in this region there are a maximum number of internet users and followers. In the years to come, mobile phones with high-end internet connections are expected to gain popularity and a big percentage of mobile phone users are predicted to use it for both, personal and commercial purposes. The increasing use of the internet is expected to benefit the global Hadoop market in the next few years. The rising demand for faster and effective accessibility of data amongst numerous industries is predicted to benefit the global market for Hadoop.
Organizations such as Intel and IBM are expected to develop their own Hadoop versions, thereby predicted to propel the global Hadoop market.