In 2013, the Hadoop market was $2.0 billion. By 2020, it will be $50.2 billion. According to a recent article from Cloud Times, Allied Market Research's report reveals the global market for Hadoop is expected to grow 58 percent annually from 2013 to 2020.
The article says that the dramatic increase will be drivenb buy high growth in the volume of unstructured data from big data analysis, and more accessibility to high speed data at lower costs. When the market was divided into hardware, software, and services, it was found that services took up about half of the forecast.
In the software segment, the report examined the categories of application software, management software, packaged software, and performance monitoring software. It was revealed that applications software is the leader of Hadoop's software market because of an increase in implementation by developers building real time applications.
The hardware market categories included servers, storage, and network equipment. According to the article, the storage catagory brings in the most revenue for that market as data generation and the need for storage space grow.
Government sectors represent the greatest number of Hadoop applications users, as they deal with how to manage a large amount of data. They're followed by healthcare and retail. It is predicted that the telecommunications sector is going to result drive much of the growth in the Hadoop market. However, that sector is currently struggling with a number of issues, not least finding or training enough qualified staff to manage the Hadoop architecture.
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