Worldwide Hadoop Market: Resolutions to be Favored Owing to Cost effectiveness and High Operational Speeds
In the consolidated global #Hadoop market, the top three vendors, #Cloudera, Inc., #Hortonworks, Inc., and #MapR Technologies, Inc., held a collective share of over 50% in 2014, with small- and medium-sized companies accounting for a nearly 41% share in the global market in the same year. With demand for Hadoop solutions rising at a rapid pace from companies overwhelmed with the persistently mounting volumes of digital data, an increased number of companies will venture in the market in the next few years, states TMR in a recent report. The largest contributor to the market in 2014 was Cloudera, Inc., which held over 20% of the market. Technology giants such as #IBM Corporation and #EMC Corporation presently account for relatively smaller share in the market but are steadily contributing towards the further development of this market with innovative Hadoop solutions. IBM Corporation has adopted the course of mergers and acquisitions to bolster its position in the global Hadoop market and could report a greater share in the pie in the coming years, notes TMR.