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Big Data Analytics (Hadoop-as-a-Service) Market is growing at 54.9%. CAGR to reach $13.95 Billion by 2017 - New Report by MarketsandMarkets
Date:4/14/2013

(PRWEB) April 14, 2013

According to a new market research report, “Hadoop & Big Data Analytics Market [Hardware, Software, Services, Hadoop-as-a-Service] - Trends, Geographical Analysis & Worldwide Market Forecasts (2012 – 2017)”, published by MarketsandMarkets, the total Hadoop market is expected to reach $13.95 Billion by 2017 with a CAGR of 54.9%.

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Apache Hadoop is a parallel distributed processing middle-ware technology which is applied across various industry verticals to perform Big Data analytics. Most data gathered by organizations are unstructured data. Hadoop-based applications are hence applied by organizations that need real-time analytics from data such as audio, video, email, machine-generated data from a multitude of sensors and data from external sources such as the Internet and social media. Hadoop-based applications are widely applied across business verticals with strong web-based business process for various customer related analysis such as clickstream analysis, marketing analytics, processing machine generated data, processing digital content and web text processing.

Scientific applications which require high degree of parallelism or need to operate on large volumes of data also benefit from Map Reduce and Hadoop. Scientific applications are mostly used by companies in the Bioinformatics and Healthcare verticals. Hadoop applications such as HDFS, Hive, Pig, and Hbase have also been developed by Apache Software Foundation to support load
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