Albany, NY -- (SBWIRE) -- 06/01/2016 -- Technavios market research analysts predict the global Hadoop market to grow at a CAGR of more than 53% over the next four years. Several factors such as data explosion in enterprises and demand for cost-effective solutions to meet big data analytics needs contribute to the growth of this market.

However, the market is witnessing a lack of trained and talented technical experts. Companies are unaware of the technologies concerned and skills required for managing big data. As per the forecast, this market will witness a gradual shift towards Software as a Service (SaaS)-based Hadoop solutions as it helps enterprises save cost and gain a better user experience.

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In the map step, the input is mapped into cluster control nodes from various sources such as legacy systems, XML files and packaged enterprise applications such as CRM, ERP, SCM, SaaS-based applications files, Industry-specific files, and digital content such as e-mail and website content.

The second step is called reduce, and it involves various smaller nodes of information that are generated and distributed across computing servers. Thereafter, parallel computation is performed by these work nodes to generate relevant output for queries. The results are collected from the nodes to generate conclusive data for decision-making purposes. The analyzed data is interpreted through tools such as business intelligence (BI) applications, enterprise applications, and dashboards.

Various big data solutions such as analytics and data management are performed on this cloud-based platform. Enterprise end-users access the results through web-based subscription services offered by their service providers.

Segmentation of the global Hadoop market by end-users
- BFSI
- Manufacturing
- Retail

Presently, the hadoop technology has been adopted by a very limited number of organizations. The application of hadoop technology is expected to increase in many new enterprise verticals during the forecast period. Early adoption of hadoop by the BFSI and manufacturing sector is expected to propel the growth of this market over the next four years.

Segmentation of the global Hadoop market by deployment
- Hadoop on-premise (Hadoop)
- Hadoop as a service (HDaas)

Geographical segmentation of the global Hadoop market
- APAC
- Americas
- EMEA

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Key questions answered in the report include -

- What are the key factors driving the global Hadoop market?
- What are the key market trends impacting the growth of the global Hadoop market?
- What are the various opportunities and threats faced by the vendors in the global Hadoop market?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Key outcome of the five forces analysis on the global Hadoop market?
- Growth forecast of the global Hadoop market until 2019?

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