Hadoop market is expected to rise at a combined annual growth rate (CAGR) of 54.9% over the next five years from $1.56bn to reach $13.95bn by 2017, according to a new report by MarketsandMarkets.
In terms of region, North America accounts largest share of the Hadoop market revenue in 2012 at $0.84bn which is expected to rise at 52% per year reaching $6.92bn during the period.
Apache Hadoop is a parallel distributed processing middleware technology which is applied across various industry verticals to perform Big Data analytics.
Hadoop is an open source java framework that helps in distributed parallel processing of large volume of data across servers, to extract actionable insights from the 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.
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.
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Hadoop market in terms of software, have been divided into four segments which include Hadoop packaged software, Hadoop management software, Hadoop application software, and Hadoop performance monitoring software (cluster management tools).
In terms of hardware equipments, the market has been divided into three categories including servers, storage and network equipments while in terms of services the market has been divided into four segments: consulting, integration and deployment, training and outsourcing, middleware and support.
