Top Companies in the Global Hadoop Market: TechNavio Report

LONDON - March 26, 2014 - PRLog -- TechNavio, the independent London-based global research firm, has recently published its analysis of the top 16 Hadoop technology companies (http://www.technavio.com/blog/top-16-hadoop-technology-companies), to complement its report on the Global Hadoop Market. The report finds the market to be growing at a CAGR of 42.04 percent by 2018.

Apache Software Foundations developed Hadoop as a platform for processing large datasets across clusters of computers. There has been an increasing demand for Hadoop-based data management considering the substantial benefits it is providing over traditional RDBMS. In addition, the focus on Big Data solutions is also increasing as firms are finding the need to convert raw data to useful information for providing better business insights.

Research and analysis by senior TechNavio analysts has identified several major trends (http://www.technavio.com/blog/big-data-blog-major-trends-in-the-global-hadoop-market) driving the Hadoop market, including increasing consideration for NoSQL by developers, more market consolidation among vendors and huge demand for Hadoop solutions from SMEs.

Data has become an integral part of an organization along with other critical factors of production such as human resources, capital, and other assets. Information gathered by a company has not only become a basis of competition, but also a way in making better decisions and enhancing productivity. Further, the large generation of structured and unstructured data is increasing the need for data management solutions that are easily scalable and that can process data efficiently and quickly. Along with this, many other drivers and positive trends existing in the market will be driving the growth of the Global Hadoop market during the forecast period.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Hadoop Market 2014-2018 (http://www.technavio.com/report/global-hadoop-market-2014...), please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Hadoop Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.