Lewes, DE -- (SBWIRE) -- 05/30/2016 -- This report forecast the global Hadoop market to grow at a CAGR of 59.37% during the period 2016-2020.

The increased amount of data on the internet from various modes such as web logs, online transactions, social media, and video streaming has forced organizations to take proactive measures to store and manage data and derive useful insights. According to Technavio, approximately 7 zettabytes of data churned out from enterprises globally in 2015. Out of the total, more than 80% was unstructured data that came from social media platforms, clickstreams, server logs, sensors, and the Internet of Things. Storing useful information and deriving insights from unstructured data and real-time analytics are challenging tasks for organizations.

Hadoop played a pivotal role for enterprises over the past 4-5 years in handling the increase of data. Apache Hadoop is a framework that works on a clustered file system that can share multiple servers simultaneously. It is an open-source software platform that uses MapReduce technology, which is a programming model that allows for processing and generating large data sets with a distributed algorithm on a cluster. The technology involves two steps.

The Map step helps control nodes from various sources such as legacy systems and extensible markup language files. In the Reduce step, various smaller work nodes of information are created and distributed across a computing cluster server. This will help perform distributed computations on various hardware servers.

The report covers the present scenario and the growth prospects of the global Hadoop market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of Hadoop solutions with functionalities such as MapReduce, integrated solutions, and services (consultation, training, and maintenance). The revenue generated from after-sales services is not considered.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key growth driver is the implementation of Hadoop to ensure optimal use of resources. Organizations offer Hadoop-based data management on a pay-per-use model via the cloud, preventing wastage of infrastructure and ensuring optimized use of storage space and server. With on-premises software, enterprises often pay for resources that they may never or rarely use. HDaaS solutions enable organizations to pay only for what is necessary and what they use. This helps enterprises track down the resources and ascertain the cost involved in managing the resources.

Further, the report states that one challenge that could hamper market growth is a dearth of technical skills which are a barrier during the deployment phase.

Global Hadoop Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global Hadoop market: Cloudera, Hortonworks, MapR, Amazon Web Services, Cisco Systems, Datameer, IBM, Microsoft, Oracle, Pivotal, and Teradata.

Other Prominent Vendors in the market are: Altiscale, Cask, Google, HP, Infochimps, Karmasphere, Mortar Data, and Pentaho.

Market driver
- Hadoop ensures optimal use of resources
- For a full, detailed list, view our report

Market challenge
- Dearth of technical skill act as a barrier during deployment phases
- For a full, detailed list, view our report

Market trend
- Rising need to enhance flexibility and scalability to make operational decisions
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 31 Exhibit "Global Hadoop Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Emergence of Hadoop, Hadoop components, Hadoop projects ecosystem, Hadoop-based big data management process, Market size and forecast, Market segmentation by deployment, Market segmentation by product, Market segmentation by end-user, Market segmentation by region, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Hadoop distribution vendors, Technology partners, Other prominent vendors, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-hadoop-market-2016-2020

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