Companiesandmarkets.com

Global Hadoop market: 56% CAGR between 2012 and 2016

Press Release   •   Feb 25, 2013 11:14 GMT

The Global Hadoop market is to grow at a CAGR of 55.63 percent over the period 2012-2016. One of the key factors contributing to this market growth is the demand for big data analytics. The Global Hadoop market has also been witnessing the emergence of hadoop-as-a-service (HDaaS) solutions. However, the lack of trained professionals could pose a challenge to the growth of this market.

The demand for cost-effective Hadoop-based big data solutions is driving this market. Organizations understand the importance of big data solutions, but installing and hiring new professionals to deploy them is a costly affair. As a result, organizations and decision makers are adopting Hadoop-as-a-service (HDaaS) solutions which provide cost-effective big data management and analytics. HDaaS solutions offer the necessary hardware, software, and services required to support big data management at low subscription fees.

One of the major drivers is the demand for big data analytics. The increase in big data and big data analytics is driving the demand for Hadoop-based solutions in order to analyze the large number of datasets being stored in enterprises.

The key vendors dominating this market space are Amazon Web Services Inc., IBM Corp., EMC Corp., and Cloudera Inc.

For more information on the Global Hadoop market, please click here: Global Hadoop market

For more information on the Information Technology market, please click here: Information Technology Reports

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.