Study: Global Hadoop Market to Explode, Including Verticals
Another market research report has arrived forecasting huge growth for Hadoop in the big data space, but not everyone agrees that Hadoop adoption is going so smoothly. MarketResearchReports.biz has announced the addition of a recent report, titled ‘Global Hadoop Market 2015-2019,’ to its online repository. According to the report, the global Hadoop market is expected to expand at a CAGR of more than 53% during the period between 2015 and 2019 due to factors such as the increasing demand for cost-effective solutions to meet the needs of big data in enterprises.
This report follows Technavio's study predicting the global Hadoop market to grow at a CAGR at more than 50% over the next four years. Meanwhile, Allied Market Research has forecasted that the global market for Hadoop along with related hardware, software, and services will reach $50.2 billion by 2020. Still, though some organizations are struggling with Hadoop's complexity.
According to the MarketResearchReports.biz report, Hadoop is headed for verticals:
"Cloud-based platforms such as Hadoop are used to execute various big data solutions such as data management and analytics. The global Hadoop market is segmented on the basis of end use, deployment, and geography. By end use, the global Hadoop market is divided into BFSI, retail, and manufacturing. Currently, Hadoop technology is adopted by a limited number of companies. In the coming few years, the application of Hadoop technology is predicted to increase in many verticals. The early adoption of Hadoop technology by the manufacturing and BFSI sectors is predicted to propel the global Hadoop market in the years to come."
Meanwhile, Gartner, Inc.'s 2015 Hadoop Adoption Study, involving 284 Gartner Research Circle members, found that only 125 respondents who completed the whole survey had already invested in Hadoop or had plans to do so within the next two years. The study found that there are difficulties hiring skilled Hadoop workers.
Notably, though, MapR had a high-profile rebuttal to the Gartner findings. It notes the following:
There has been tremendous success and value derived from Hadoop by those data-centric companies that have crossed into mainstream production usage of Hadoop to power their business. This is what MapR customers are experiencing. We invested early and deeply in the underlying data platform in our Hadoop distribution to make it operationally-ready for success as a production system. Not just for Web 2.0 companies, but for mainstream organizations and enterprise IT.
In order to deploy mission-critical applications on Hadoop, customers need enterprise-grade features. Customers also require more than batch capabilities. The market is shifting to real-time applications. MapR has invested heavily from day one to create an enterprise-grade, trusted platform to support real-time applications. Customers might be slow to adopt a batch-oriented Hadoop distribution that lacks production grade features, but the demand for Hadoop from MapR continues to accelerate.