The Wall Street Journal (WSJ) explains Hadoop as an open source software framework that provides users a customizable set of functions. Being open sourced means that anyone can use it and the underlying technology is not owned by any one person or company. Focusing on the significance and reach of Hadoop, the WSJ article indicates that even though Hadoop has been around for some time now, its capabilities and the ecosystem that surrounds it has only recently grown.
Reasons behind Impressive Growth of Global Hadoop Market
In fact, Transparency Market Research states that barring a few challenges, the best of Hadoop is yet to come. The global Hadoop market in 2011 was pegged at an estimated value of US$1.5 bn and, developing at an astounding CAGR of 54.70% from 2012 to 2018, the market is forecast to be valued at US$20 bn in three years, with applications in several key end-use industries such as manufacturing, telecommunications, media and entertainment, trade and transportation, IT and ITES, banking, financial services, and insurance (BFSI), healthcare and life sciences, natural resources, retail, and government.
The unbelievable amount and variety of digital data generated on the internet today is the primary factor boosting the demand for solutions such as Hadoop. Apart from this, the demand for cost-effective, faster processing data and growing influence of big data analytics has also driven the Hadoop market. Emerging markets in Europe and Asia Pacific and rising mergers and acquisitions in the field are anticipated to contribute towards the growth of the global Hadoop market.
Hadoop Data Replication Simplified by WANdisco
Most IT organizations pay a lot of attention to replicating data across a wide area network (WAN) because it can be a time-consuming and expensive process, and the rise of big data has most certainly made that challenge even tougher to overcome.
California-based public software company WANdisco came up with a solution for just that. The company created a replication software especially designed for Hadoop environments. This ensures all clusters and servers that are deployed across several data centers are always in sync, are fully writeable and readable, and can automatically recover from each other. In addition, WANdisco also extended the capabilities of the software to tackle any issue right from replicating Hadoop data on the cloud to disaster recovery.
The key challenges that analysts foresee inhibiting the growth of the Hadoop market are shortage of skilled workers and the struggle to fully articulate the business value of Hadoop. However, with proper integration and support on the part of technology vendors, the adoption rate of Hadoop can be increased.
The leading companies competing in this space include EMC - Greenplum, Pentaho, Horton Works, IBM Corp., Karmasphere Inc., HStreaming LLC, MapR Technologies Inc., Cisco Systems, Inc., Cloudera Inc., and Teradata Corp.