The global Hadoop market has been forecast to increase at a compound annual growth rate (CAGR) of 54.9% over the next five years, rising from a valuation of $1.5 billion in 2012, to be worth a market value of $13.9 billion in 2017.
Hadoop is an open source java framework that enables distributed parallel processing of large volumes of data across servers which has emerged as the solution to extract potential value from all this data.
Hadoop based applications are applied by organisations for real-time analytics from unstructured data such as audio, video, email, machine-generated data from a multitude of sensors and data from external sources such as the Internet and social media.
In terms of region, North America accounts for the largest share of the global Hadoop market, hitting a revenue value of $0.84 billion in 2012, which is anticipated to rise at 52% per year, to reach $6.92 billion in 2017.
Apache Hadoop is a parallel distributed processing middleware technology which is applied across various industry verticals to perform Big Data analytics.
Since, Big data sets are large and traditional data management tools are incapable of analysing all the data, Hadoop applications helps processing the data to get valuable insights out of it.
The applications are widely applied across business segments with strong web-based business process for various customer related analysis such as clickstream analysis, marketing analytics, processing machine generated data, processing digital content and web text processing.
For more information on the global Hadoop market, see the latest research: Global Hadoop Market
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