Apr 12, 2013

Hadoop-As-A-Service To Top $1.9 Billion By 2016

Image representing Hadoop as depicted in Crunc...
Image via CrunchBase

If you are not familiar with Hadoop, and don't know what it is here is the description from their page:
The Apache Hadoop software library is a framework that allows for the distributed processing of large data sets across clusters of computers using simple programming models. It is designed to scale up from single servers to thousands of machines, each offering local computation and storage. Rather than rely on hardware to deliver high-avaiability, the library itself is designed to detect and handle failures at the application layer, so delivering a highly-availabile service on top of a cluster of computers, each of which may be prone to failures.
Well apparently offering Hadoop as a service in the cloud is a growing business and is expected to top $1.9 Billion by 2016.

From Talkincloud:
There is some skepticism about whether vendors and channel partners providing Hadoop services are yet bringing in the revenue they need to make it a viable business case, but according to a new report from TechNavio, the big bucks are ahead. And not that far ahead, really. 
TechNavio's Global Hadoop-as-a-Service Market 2012-2016 report indicated the $131 million market of 2012 will grow tenfold over the next few years and top $1.9 billion in 2016. All things considered, that's a spectacularly compound annual growth rate of 95.16 percent. To be fair, it's still a fairly new market, so as it continues to catch on, it makes sense it will experience explosive growth. 
Unfortunately for Hadoop-as-a-service providers, there's a general lack of awareness that is one of the key challenges holding back the market. TechNavio also noted that issues with real-time data analytics and the lack of maturity of the Hadoop platform are also presenting challenges to the market's growth.
I have never used Hadoop before personally, but I'm hearing of more and more companies that are. For instance, OpenDNS is a user of Hadoop.

Do you use Hadoop? Did you implement it yourself or are you renting a cloud service? Let us know in the comments.

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