Wednesday, 16 March 2016

Analysts Find Hadoop Entrenched in Healthcare & Bioinformatics Sector

The ‘World Wide Web’ witnessed a dramatic transformation in late 90’s and early 20’s. Search engines were created to empower users locate accurate data amid text – based content. Those days’ search results were returned by the users. But, as web developed it grew from dozen to about million pages and so did the need for automation. Web crawlers emerged, many university – led project and new entrants in the search engine such as AltaVista and Yahoo took off. Today, data volumes are continuously increasing, majorly from social media as well as IoT. They are a major consideration. Hadoop solves the problem by increasing the computing power. The distributed computing model assured by Hadoop now processes big data faster. So the more computing nodes a user uses the more processing capacity he or she has.

The most active social network, Facebook today boasts of over 1.4 billion monthly users. It generates the maximum volume of social data with users who like more than 4 million posts in 1 minute. This adds up to approximately 250 million posts in 1 hour. Video also reserves a greater part of our lives on the web, and albeit brands like Facebook is trying real hard to become a right fit by getting over 3 billion views a day – YouTube definitely rules. Another surprise comes from Twitter, that occupies an important position when it comes to the amount of data generated by a social media platform. So how does Hadoop solve the Big Data problem?
Hadoop is high scalable storage platform that not only stores but also distributes large data sets across several inexpensive servers, which operates in sync. Unlike conventional RDBMS that fails to churn huge amount of data, Hadoop helps several businesses owners to run important applications on several nodes that involves large terabytes of data. Mergers and acquisitions in the market coupled with other joint ventures or collaborations would significantly improve the research of global Hadoop market that’s expected to garner $5.24 billion in sales confirms a study by AMR. Focus on the expansion strategies of several large enterprises active in the market reveals that registering a CAGR of 58.20% during 2012 – 2020 is not far away from reality. Furthermore, the application of Hadoop software market is likely to experience new opportunities in regions including Asia and Latin America.

The software market segmented into application software, packaged software, performance monitoring software and management software are tapping opportunities in these regions. The packaged software market is the fastest growing segment that would register a CAGR of 62.9% by 2020. Hadoop also offers an advantage over the relational database management solutions through its hardware market. This segment that include storage, servers and network and equipment would add value to all business size as the volume of unstructured data grows. Server market that witnesses the greater demand is likely to register a CAGR of 60.1% during 2012 – 2020. When it comes to managing large sets of data the role played by Hadoop service are inevitable. Popular Hadoop services include of integration and deployment services, consulting training and outsourcing services and middleware and support services. Industry experts at Allied Market Research are confident that owing to the increasing dependency on consulting, training and outsourcing the market will grow further. This segment is expected to garner the highest revenue of about $2.5918 billion by 2020.

Growing demand for handling large data sets in a safe and cost-effective manner has increased the adoption rate for the technology in regions such as North America, Europe, Asia -Pacific and LAMEA. Its advantage over relational database management systems, and its value for any size business will continue to increase as unstructured data continues to grow.

Scientific use which needs high degree parallelism has kept the future of the market robust in North America. Furthermore, rising demand to work on large data volume has benefited Hadoop sector in the region. Healthcare and bioinformatics are the major end -users of the market. A report published by Allied Market Research titled “World Hadoop Market - Opportunities and Forecasts, 2014 – 2021”. Study outlines the key drivers, restraints and opportunities of the market. SWOT analysis conducted on the key market players highlight the strengths, weaknesses, opportunities and constant threats faced by them. Projections for the next eight years further adds value to the study.

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