Published on : Mar 23, 2016
The global Hadoop market has gained significant momentum, thanks to the exceptional rise in the unstructured data volume. The increasing demand for big data analytics across the world is also fuelling the demand for Hadoop technologies significantly. However, the dearth of experienced and skilled work professionals is limiting the growth of this market to a certain extent. The lack of awareness regarding Hadoop, leading to lower adoption rate, is also expected to restrict this market to rise steadily in the coming years.
North America to Emerge as Leading Hadoop Market in Future
Asia Pacific is the fastest growing Hadoop market across the world. However, North America is likely to emerge as the leading Hadoop market across the world with a revenue share of more than 50%. The increasing emphasis on the storage as well as the analysis of unstructured data is the key driving force behind the growth of the North America Hadoop market.
In addition to this, the continual increase in investments for the advancement of Hadoop technologies in this region to meet the escalating industrial requirements is predicted to contribute significantly to the rise of the North America Hadoop market in the coming years.
Europe to Witness Steady Growth in Adoption of Hadoop
Europe is expected to witness a steady growth in the adoption of Hadoop technologies over the next few years. The U.K., France, and Germany dominate the Hadoop market in Europe, China and India lead the Asia Pacific Hadoop market while Saudi Arabia and the UAE are the key domestic market for Hadoop in the Rest of the World.
Zettaset Inc., Teradata Corp., Cisco Systems Inc., EMC Corp., Karmasphere Inc., MapR Technologies Inc., Pentaho, IBM Corp., Hortonworks Inc., and Cloudera Inc. are the key players functioning in the global Hadoop market. Mergers and acquisitions is the key strategy, market participants apply for the expansion of their businesses.