If you’re bored of reading about studies that show how Hadoop is on the cusp of massive growth in the Big Data space, look away now. The latest study, courtesy of research outfit Technavio and reported via MarketResearchReports.biz, is once again forecasting huge growth for Hadoop over the next three years.

Technavio’s report, titled “Global Hadoop Market 2015-2019”, shows that the global Hadoop market is set to expand at a compound annual growth rate (CAGR) of over 53 percent from 2015 to 2019, driven by trends such as the increased demand for cost-effective Big Data solutions among enterprises. Technavio’s report follows a similar recent study by Allied Market Research, which forecasts the market for Hadoop and its related hardware, software and services will hit $50.2 billion by 2020.

SiliconANGLE’s sister organization Wikibon recently published its own forecast on the Hadoop space, and goes even further by stating the market will grow from $18.3 billion in 2014 to a whopping $92.2 billion by 2026, representing a strong compound annual growth rate of 14.4 percent. However, Technavio’s latest findings show that Hadoop is about ready to expand into several verticals.

“Cloud-based platforms such as Hadoop are used to execute various big data solutions such as data management and analytics,” the report reads. “The global Hadoop market is segmented on the basis of end use, deployment, and geography. By end use, the global Hadoop market is divided into BFSI, retail, and manufacturing. Currently, Hadoop technology is adopted by a limited number of companies. In the coming few years, the application of Hadoop technology is predicted to increase in many verticals. The early adoption of Hadoop technology by the manufacturing and BFSI sectors is predicted to propel the global Hadoop market in the years to come.”

The above reports contrast with a highly publicized 2015 study from Garter Inc., which found that less than half of its 284 respondents had actually invested in Hadoop technologies, or had concrete plans to do so within the next two years. Gartner said the main stumbling block for enterprises was the so-called skills shortage, which makes it difficult for companies to hire suitably trained staff to manage Hadoop.

However, Gartner’s findings were quickly rebuffed by Hadoop vendor MapR Technologies Inc., which insisted that demand for the technology outweighed any concerns over the skills shortage.

“There has been tremendous success and value derived from Hadoop by those data-centric companies that have crossed into mainstream production usage of Hadoop to power their business,” MapR said. “This is what MapR customers are experiencing. We invested early and deeply in the underlying data platform in our Hadoop distribution to make it operationally-ready for success as a production system. Not just for Web 2.0 companies, but for mainstream organizations and enterprise IT.”

“In order to deploy mission-critical applications on Hadoop, customers need enterprise-grade features. Customers also require more than batch capabilities. The market is shifting to real-time applications. MapR has invested heavily from day one to create an enterprise-grade, trusted platform to support real-time applications. Customers might be slow to adopt a batch-oriented Hadoop distribution that lacks production grade features, but the demand for Hadoop from MapR continues to accelerate.”