FRAMINGHAM, Mass.--(BUSINESS WIRE)--New research from International Data Corporation (IDC) shows that revenues for the worldwide Hadoop-MapReduce ecosystem software market are considered to be $77 million in 2011 and are expected to grow to $812.8 million in 2016 for a compound annual growth rate (CAGR) of 60.2%.
"Hadoop and MapReduce are taking the software world by storm, inspiring a wide range of projects that collect both structured and unstructured data and producing output that may be used to answer a single question; serve as the foundation for a range of other questions, queries, or searches; or be loaded into a data warehouse for more systematic and repeatable query," said Carl Olofson, program vice president for IDC's Information Management software research.
"The Hadoop and MapReduce market will likely develop along the lines established by the development of the Linux ecosystem," added Dan Vesset, vice president, Business Analytics Solutions at IDC. "Over the next decade, much of the revenue will be accrued by hardware, applications, and application development and deployment software vendors - both established IT providers and start-up, which in aggregate have raised more than $300 million in venture capital funding."
IDC research shows that one of the key drivers for this market is the increasing availability of interactional, attitudinal, and behavioral data from such sources as social media and other Web-based applications and a desire to mine such data for its full value. In addition to the scarcity of tools and qualified staff, a factor expected to inhibit growth during the forecast period is the competition between open source vendors and their closed source counterparts, which may force lower license fees from the latter group, resulting in somewhat slower software revenue growth than would be the case if open source projects did not represent so large a component of this market space.
The study, Worldwide Hadoop-MapReduce Ecosystem Software 2012-2016 Forecast (IDC #234294) examines the sales of software in support of, or based upon, MapReduce or Hadoop functions. The Hadoop-MapReduce ecosystem includes that subset of Big Data software that operates with or under Hadoop or MapReduce environments. This research presents IDC's Hadoop-MapReduce ecosystem software market sizing and forecast for 2012–2016.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 100 countries. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
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