|By Lacey Thoms||
|March 16, 2016 10:34 AM EDT|
According to market research firm Technavio, the global Hadoop market is slated to grow at a CAGR of more than 53 percent over the next four years, reaching a value of $27.84 billion in 2019. The big data that enterprises must handle is creating a growing demand for cost-effective solutions to handle and analyze it. As data management and analysis needs become increasingly complex over the coming years, more enterprises are expected to shift to software as a service (SaaS) based Hadoop solutions to handle data effectively while still keeping costs under control.
There are several key drivers behind Hadoop’s predicted major growth:
Data explosion: Enterprises in every field are learning that they must effectively manage huge amounts of data; however, the software and systems they’ve been using often aren’t up to the task. As such, SaaS models represent an attractive way to gain the scalability and performance enterprises need without breaking the bank.
Increasing adoption at the enterprise level: Enterprises are looking to Hadoop to provide the agile, cost-effective data analytics they need. Enterprise adoption fueled by an increasing need for big data analytics will continue to drive Hadoop market growth for the foreseeable future.
Budget concerns: Hadoop is an open-source Apache Foundation project. This makes it a viable option for companies that need to find more effective ways to handle Big Data, but that aren’t looking to spend a large portion of their budget on an unwieldy and expensive proprietary solution.
The expected market growth of Hadoop is yet more proof that open source software is disrupting the enterprise. Open source offers significant advantages over proprietary software in terms of cost, agility, and data analytics. Open source is no longer just appealing to coders or small enterpreneurs. Instead, it is taking its place in the enterprise as big data becomes increasingly important.
- Open Source Software License Obligations in Cloud Applications
- Leveraging Open Source and Avoiding Risks in Small Tech Companies
- Governments Waltzing on OSS, Trusting Your Search Engine for Privacy, GPL Houses and Apache Cars
- What Developers Need to Know About Open Source Vulnerability Management
- The Basics of Open Source Software By @Protecode | @CloudExpo [#Cloud]
- Hortonworks President: Open Source Is the ‘Single Fastest Way To Innovate’
- Is Open Source Becoming the De Facto Standard in the Data Center?
- Open Source & the Internet of Things: A Growing Companionship | @ThingsExpo [#IoT]
- Legal battles, security concerns, myth busting plus learning and governing with open source
- Defining ‘Freedom’ in the Open Source Software Space | @CloudExpo #Cloud