Published on : Jun 15, 2016
ALBANY, New York, June 15, 2016: ResearchMoz.us has recently announced the addition of a new research report to its online library. The research report, titled “Global Hadoop Market 2016-2020,” provides a comprehensive outlook of the supportive factors in the market and the ones holding it back. This assessment has been explained through tables, figures, and charts through extensive chapters of this report. The researchers have used the threat of substitutes, the threat of new entrants, the bargaining power of suppliers, the industry rivalry, and the bargaining power of buyers. According to the research report, the global Hadoop market is expected to expand at an impressive CAGR of 59.37% between 2016 and 2020.
The vast amounts of data being generated across the globe due to widespread of Internet is the primary reason for the growth of global Hadoop market. The report states that out of the 7 zettabytes of data generated in 2015, 80% of it was unstructured data. A growing number of social media sites and their increasing subscriber base, clickstreams, sensors, server logs, and the unending list of platforms under Internet of Things have resulted in mammoth data for enterprises to handle. Owing to this reason, several companies are employing Hadoop solutions to store and process information that is inclusive of structured and unstructured data to analyze consumer behavior and scrutinize market dynamics for developing profitable business strategies.
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The types of software solutions available in the global Hadoop market are Hadoop management software, Hadoop packaged software, Hadoop performance monitoring software (cluster management tools), and Hadoop application software. The various industrial verticals utilizing Hadoop specialties are sectors such as banking and finance, web, telecommunication, retail, manufacturing, government and public utilities, healthcare, oil and gas, gaming, IT and security, bioinformatics, media and entertainment, and education amongst others. Geographically, this market is segmented into North America, Asia Pacific, Europe, and the Middle East and Africa.
The biggest challenge in the global Hadoop market is the lack of technical expertise in the deployment of these solutions. Owing to these reasons services offered by Hadoop market such as consulting, training and outsourcing, integration and deployment, and middleware and support. However, increasing awareness about analyzing business trends, reducing the cybercrime rate, and preventing loss of information is expected to change the dynamics in the overall Hadoop market in the forecast period.
Some of the top operating players in the global Hadoop market are Pivotal, Cloudera, Hortonworks, MapR, Teradata, Amazon Web Services, Oracle, Cisco Systems, IBM, Datameer, and Microsoft. In order to explain the competitive landscape of the global market, the research report has profiled these players and provided a detailed analysis of their management techniques. Furthermore, the research report also provides an assessment of the research and development activities, branding ideas, marketing styles, financial overview, investment outlook, and expansion plans of these companies in the global Hadoop market for the foreseeable future.
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