Explosion of Data Creates Strong Foundation for Global Hadoop Market’s Rise

Hadoop came into existence out of the need to process massive amounts of data. With the evolution of the World Wide Web in the later part of the 20th century and early 21th century, search engines and indexes were developed to assist in locating relevant information amidst text-based content. Initially, search results were actually returned by humans. But as the web started generating more and more data on a daily basis, automation was needed. To index more than one billion pages of content, web crawlers were created – many of them were conceptualized as university-led research projects or search engine start-ups.

Google Pioneers Data Automation and Data Computing Technologies

Invented by Google, MapReduce was the first software framework that enabled the processing of an avalanche of big data. Inspired by Google’s publication on the MapReduce framework, Doug Cutting and Mike Cafarella applied the idea for data processing in Nutch, their brainchild open source search engine project. Thus, Hadoop was created to apply the concept of data distribution and data processing across several computers to help search engines to return results faster.

Later, in 2006, Cutting joined Yahoo and after a series of functional agreements between the two, Nutch was divided. The web crawler continued to be known as Nutch, whereas the data computing and processing portion became Hadoop. After Hadoop’s release from Yahoo in 2008, today its framework and technology ecosystem is managed and maintained by the Apache Software Foundation.

Services Sector Holds Promise for Hadoop Market

The Hadoop market will display a phenomenal CAGR of 28.4% from 2015 to 2023, says Transparency Market Research. This will result in the market’s valuation rising from US$4.12 bn in 2014 to US$37.76 bn by 2023.

In present times, the ever-increasing demand for faster access to relevant data across industries is the foremost factor driving the Hadoop market. In addition, with the emergence of the internet of things (IoT) and the expeditious interconnection of electronic devices, large amounts of data needed to be stored to be accessed from any part of the globe. Not only this, this data needs to be structured to be utilizable, which is providing substantial growth opportunities to the Hadoop market.

Furthermore, the consistent development of Hadoop technologies and increasing investments in additional capabilities are fueling the demand for Hadoop worldwide. As corporations across the world face the big data pandemic, the demand for big data analytics will soar in the near future. Technology giants such as Intel and IBM are re-developing Hadoop as per their needs, thereby leading to the rising popularity of Hadoop globally.

The services sector presents the largest opportunities for the development of the Hadoop market. In a bid to reduce operational costs, large corporations are outsourcing business activities, thereby benefitting the Hadoop market. In 2014, IT and ITES held the largest share in the global Hadoop market. This is because IT and ITES generate huge amounts of both structured and unstructured data, wherein Hadoop serves as a platform for companies to manage data effectively.

0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports