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Apache Hadoop’s market will expand to $2.2 billion by 2018, according to a new report by Market Research Media. A new report by Market Research Media suggests that the current spike of interest in Apache Hadoop will continue for the next several years.

Apache Hadoop is an open-source framework for reliably running distributed applications on large hardware clusters, and has become a go-to technology for many companies (including IBM and Facebook) with epic amounts of data to crunch. The MapReduce framework processes problems across huge datasets and clusters of machines, deriving its reliability from the master node’s facility for distributing work to nodes within the cluster as appropriate.

Suggesting “it would not be an exaggeration to say that today Hadoop-MapReduce is the only cost-sensible and scalable Big Data management alternative” to commercial platforms on the market, the market-research firm predicts that the market for the framework will expand at a compound annual growth rate (CAGR) of 58 percent over the next few years, becoming a $2.2 billion market by 2018.

Global Hadoop Market worth $13.95 Billion by 2017

According to a new market research report, “Hadoop Market [By Hardware (Servers, Storage & Network Equipment); By Software (Packaged, Management, Application and Performance Monitoring); By Services (Professional, Technical & Cloud)] - Global Advancements, Business Models, Technology Roadmap, Forecasts & Analysis (2012 - 2017)”, published by MarketsandMarkets (www.marketsandmarkets.com), the total Hadoop market is expected to reach $13.95 Billion by 2017 with a CAGR of 54.9%.