Big Data Hadoop Market – Forecast and Opportunities

Hadoop plays a vital role in leveraging Big Data market, during 2012-2014 Hadoop laid Big Data market success in track by the wave of mergers, assets and finance. Hadoop technology provides cost-effective and speedy solutions when analysed with regular data analysis tools such as Relational Database Management System (RDBMS). Recent research reveals that Hadoop technology has a bright future in transportation, Banking, Financial Services and Insurance (BFSI), trade and retail sector.

The increasing size of structured and unstructured data, growing need for Big Data Analytics, fast and cost-effective data processing services offered by Hadoop technology are the main drivers for the market growth. Simultaneously, security issues in the Hadoop platform and distributed computing are hindering the growth of this market. Based on the product, the global Hadoop market is divided into hardware, software and finally the services. It is important to make a note that the global Hadoop Services market produces the largest revenue in Global Hadoop Product market.

The fascinating point is that the Hadoop Software market is further divided into Packaged Software, Performance Monitoring Software, and Management Software. In global Hadoop Software market the Application Software market plays a crucial role in producing the highest revenue. Increasing implementation by developers to build real-time applications is the important reason for its highest revenue.

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Hadoop market for hardware is partitioned into storage, network equipment, and servers. In Hadoop Hardware market the storage market produces the highest income. Trending technologies have initiated more data generation; at the same time, the increasing urge for storage space is resulting in the growth of Hadoop Hardware storage market.

Even the service market is further grouped into Middleware and Support Services, Consulting Services, Hadoop Training and Outsourcing Services, Integration and Deployment Services. In case of Hadoop Services market, the largest revenue is obtained from Consulting Services market. The wide adoption of Hadoop Technology by the leading enterprises and the incorporation of Big Data Analytics in decision making are the main factors in contributing income.

Capital investment is observed in the Hadoop market, since Hadoop market is still in its early stage of development. In Hadoop market, the organizations have adopted main strategies like Partnerships, Expansion Strategy, Agreements and Product launches.

The rising ventures in Big Data industries like generation of huge volume of structured and unstructured data, cost-effective solutions, security and administration issues faced by Hadoop architecture, scarcity of skilled labor, and widespread adoption and deployment of Hadoop technology are the major factors that affect the Global Hadoop business.

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Hadoop market is inspected based on the end-user applications in various sectors like IT and ITES, Government Sector, Telecommunication Manufacturing, Retail, Healthcare, Travel, and Media and Entertainment, Banking and Financial Services, Trade and Transportation.

The largest revenue generating geography in the Global Hadoop market is North America. Most of the Hadoop distribution enterprises and technology vendors like Cisco Systems, Amazon Web Services, Datameer, Cloudera, Karmasphere, Hortonworks, Pentaho Corporation, MapR Technologies, MarkLogic, and Teradata Corporation are situated in North America. These leading companies are looking for skilled Hadoop professionals.

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Aspiring Hadoop professionals and students are concerned in acquiring expertise in Hadoop technical concepts. Looking at the various Hadoop job descriptions is the best technique to understand the various technical professionals involved in Hadoop Ecosystem. The job titles for Hadoopers are listed below to assist you choosing the desired job role:

• Hadoop Developer
• Hadoop Architect
• Hadoop Tester
• Hadoop Administrator
• Data Scientist

Hadoop being a highly lucrative technology, professionals with in-depth knowledge in Hadoop can enjoy all the benefits of being a Hadoop Expert. As the employers are looking for skilled Hadoop professionals getting certified in Hadoop will always be a boon for survival in this competitive world.

According to a recent IDC report, worldwide revenues for Big Data and Analytics will reach $150.8 billion by 2017, 12% increase from 2016. Process Manufacturing, Central Government Discrete Manufacturing, Banking, and Professional Services’ industries will observe the largest investments in Big Data and Analytics products in 2017. It is estimated that these five industries will spend $72.4 billion on BDA solution in 2017 and will emerge as the largest spenders by 2020 with investment summing up to $101.5 billion. Hence, learning Hadoop will always lend you better opportunities to succeed in your professional life. For more information please go through our website. 

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