|By Business Wire||
|May 26, 2014 04:46 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/dn8dbh/global_hadoop) has announced the addition of the "Global Hadoop Market 2014-2018" report to their offering.
The Global Hadoop market to grow at a CAGR of 42% to 2018
One of the major drivers is the increasing generation of structured and unstructured data. Data is being generated from various sources and also the variety of data generated is expanding, calling for the need for advanced Big Data solutions, which is possible through Hadoop.
The Database industry has long been dominated by relational databases that were capable of meeting end-user requirements. However, with the changing business scenarios and competitive environment, end-users are demanding more effective Big Data solutions that can increase the productivity of the organization. This requirement can be met with NoSQL databases such as Hadoop, Cassandra, and Couchbase servers. With these databases, a more flexible platform is available for developers. Also, scalability issues and complex processing of data is possible with these databases. NoSQL models are also schemaless, making it easier to constantly and rapidly add new datasets.
Further, the report states that the lack of skilled professionals is one of the major challenges confronting this market. The management of Big Data solutions requires highly-skilled and well-trained professionals, which are difficult to find.
Key vendors dominating this space are
- Amazon Web Services Inc.
- Cloudera Inc.
- EMC Corp
- Hortonworks Inc
- IBM Corp.
- MapR Technologies Inc.
- Microsoft Corp.
For more information visit http://www.researchandmarkets.com/research/dn8dbh/global_hadoop
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