Big Market Research

Global Hadoop Market (Service type, Application, Geography) – Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast , 2013 – 2020
Hadoop is a distributed processing technology used for Big Data analysis. Hadoop market is expanding at a significant rate, as Hadoop technology provides cost effective and quick solutions compared to traditional data analysis tools such as RDBMS. The Hadoop Market has great future prospects in trade and transportation, BFSI and retail sector. Global Hadoop market was valued at $1.5 billion in 2012, and is expected to grow at a CAGR of 58.2% during 2013 to 2020 to reach $50.2 billion by 2020.
The major drivers for the market growth is the growing volume of structured and unstructured data, increasing demand for big data analytics and quick and affordable data processing services offered by Hadoop technology. Distributed computing and security issues in Hadoop Platform are acting as major restraints for growth of this market. Global Hadoop Market, on basis of product, is segmented into software, hardware and services. The services segment is the major contributor in the overall global Hadoop market revenue throughout the forecast period.
Get Full Access Visit: http://www.bigmarketresearch.com/hadoop-market
Hadoop Software Market Analysis
Hadoop software market is further categorized into application software, packaged software, management software and performance monitoring software. Application software currently is the largest segment in the global Hadoop software market. Major reason for such high revenue is its increasing implementation by developers to build real time applications.
Hadoop Hardware Market Analysis
Hadoop Hardware Market is segmented into servers, storage and network equipment market. Storage market generates the largest revenue in the overall Hadoop Hardware market. Technological advancement has led to more data generation;.