Hadoop Market to Grow at 54.7% CAGR due to Increasing Demand for Big Data Analytics

Transparency Market
ResearchGlobal Hadoop Market – Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2012 – 2018Published Date
2013-07-31113 Page ReportBuy NowRequest SamplePress Release
Hadoop Market to Grow at 54.7% CAGR due to Increasing Demand for
Big Data Analytics : Transparency Market ResearchTransparency Market Research
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[email protected] Global Hadoop MarketREPORT DESCRIPTIONTransparency Market Research announces the publication of a new market analysis report, examining the
global Hadoop market. The report is titled ‘Global Hadoop Market – Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2012 – 2018’ and examines the various product types, applications, regional
segments, and major players of the global Hadoop market. Forecasts for each segment are prepared using
analytical tools such as market attractiveness analysis and Porter’s five forces analysis and are presented
for the stated forecast period.TMR analysts have zeroed in upon the ever-increasing amount of data
generated in today’s digital world as the prime growth driver for the global Hadoop market. “The amount
and variety of digital data generated on the Internet every day is mindboggling,” stated TMR’s lead
analyst. “The large amount of information on the Web presents a lucrative for many companies to gather
the relevant data, but their major roadblock in that aim is a lack of a competent software that can corral
and collate structured as well as unstructured data.
Hadoop fulfills that need perfectly.”Due to this growing demand, the global Hadoop market is expected to
exhibit growth at a stunning 54.7% CAGR from 2012 to 2018 and be valued at US$20 billion by 2018. The
market was worth US$1.5 billion in 2011.
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