Zion Research has published a new report titled “ #Hadoop Market by Type (Software, Hardware and Services) for BFSI, Government Sector, IT & ITES, Healthcare, Telecommunication, Retails and Others End-Uses: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for hadoop was valued at USD 5.0 billion in 2015, and is expected to reach USD 59.0 billion in 2021, growing at a CAGR of 51.0% between 2016 and 2021.
Hadoop is software framework for distributed storage and distributed processing of very large data sets on computer clusters built from commodity hardware. It basically handles the big data analytics for enterprises. It is fastest and efficient software to meet real-time analytics from data such as audio, video, email, machine-generated data from internet.
Browse the full "Hadoop Market by Type (Software, Hardware and Services) for BFSI, Government Sector, IT & ITES, Healthcare, Telecommunication, Retail and Others End-Uses: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/hadoop-market-z59712
Growing rapid demand for big data utilization and growing volume for structured and unstructured data across large enterprise is a major driving factor of global hadoop market. Healthcare, banking & finance, manufacturing, biotechnology & defense need effective and fastest solution to monitor the data. This factor also expected to accelerate the demand for hadoop solution over the verticals across the globe. However, distributed computing and security issues may limit the utilization of hadoop software. Moreover, ongoing development and upgradation may open new opportunities for hadoop market.
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