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.
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