DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/s8hhvc/global_hadoop) has announced the addition of the " Global #Hadoop Market 2015-2019" report to their offering.
The report predicts the global Hadoop market to grow at a CAGR of more than 53% over the next four years. Several factors such as data explosion in enterprises and demand for cost-effective solutions to meet big data analytics needs contribute to the growth of this market.
Similar to large enterprises, SMEs also generate large amounts of data in their databases in the form of social media data, customer data, enterprise applications, and financial data. Therefore, SMEs seek cost-effective solutions for managing their big data. Also, the increasing competition in the business environment is another reason behind the increased adoption of Hadoop.
According to the report, one of the major drivers of the market is the demand for cost-effective solutions for big data management. Cost-effective cloud computing technology, linked with the ability of Hadoop software to effectively manage and analyze large amounts of data, enables enterprises to manage big data of any size in a cost-effective manner.
Further, the report states that enterprises' lack of awareness of Hadoop technology and the lack of trained professionals are two of the major issues that have prevented enterprises from investing in Hadoop-based big data solutions, which is hindering the growt
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