The market for Hadoop/NoSQL software and services topped $540 million in 2012 as measured by vendor revenue. Over the next five years, Wikibon forecasts this market to grow to nearly $3.5 billion, a compound annual growth rate (CAGR) of 45%. This forecast does not include related hardware revenue. This is a faster rate of growth than the Big Data market overall during this period. Demand for new approaches for processing, storing, analyzing and delivering value from Big Data is the main catalyst driving the Hadoop/NoSQL software and services market.
Hadoop: Hadoop is an open source framework for processing, storing and analyzing massive amounts of distributed unstructured data. Originally created by Doug Cutting at Yahoo!, Hadoop was inspired by MapReduce, a user-defined function developed by Google in early 2000s for indexing the Web. It was designed to handle petabytes and exabytes of data distributed over multiple nodes in parallel.
The advent of the Web, mobile devices and other technologies has caused a fundamental change to the nature of data. Big Data has important, distinct qualities that differentiate it from �traditional� corporate data. No longer centralized, highly structured and easily manageable, now more than ever data is highly distributed, loosely structured (if structured at all), and increasingly large in volume.
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