Tag Archives: Hadoop Software Industry

Hadoop Software Market – Mounting Demand for the Installation of Solutions for Hadoop Software

Hadoop Big Data Analytics Market, by Solution (Managed Software, Application Software), by Service (Consulting and Development Service, Managed Services), by Application (Customer Analytics, Risk & Fraud Analytics) and Vertical (BFSI, Manufacturing, Healthcare, IT/ITES, Telecommunication) – Forecast to 2022
Market Highlights
Hadoop Market is a distributed processing technology used for big data analysis. The ****** Hadoop market has witnesssed dynamic growth in the recent years, as Hadoop is cost effective and more efficient as compared to traditional data analysis tools such as RDBMS. In 2015, North America accounted for the largest share of the overall market revenue. However, the European market is anticipated to witness the fastest growth of Hadoop based data management and analytics technology during the forecast period.
Factors such as aggrandized generation of structured and unstructured data and efficient and affordable data processing services offered by Hadoop technology are the major drivers of the market. Increasing adoption of Big Data analytics among business enterprises to enable sound decision making and gain competitive edge are the other factors supplementing the market growth. Distributed computing and security issues in Hadoop Platform are the major restraints for the growth of the market. I.T., government sector, telecommunication, banking and retail industry are the major users of Hadoop based big data technology. However, sectors such as trade & transportation, media & retail would witness the relatively fast adoption over the next five years.