10 Aug
2014
Still not part of the Hadoop as a service market? You have missed the loop big time! It’ been a decade that the enterprises have been moving towards the bigger and better data management and storage Hadoop facility. The immense storage capability, additionally equipped to aid to vast community of connected devices, reinforces as well as expands the operational capacity of enterprises. End-users were amazed at the speed of synchronized tasks that could be processed at great ease. The entire framework was specifically aimed at distributive computing that grew with the gargantuan population of data over the web. Necessitated by user demand and fed by advancements in cloud storage services, the HaaS market grows at double its pace during the current decade.
Over the last five years, Hadoop has stacked up to becoming a simple, yet cost-effective tool. The framework holds potential to develop meaningful data sets out of unstructured as well as grouped data. The initial time-consuming pre-processing of data eventually has been nullified. Real-time data throughputs are generated from the cluster of dynamic data streaming from multiple sources. Initial deployment involved storing data locally on the venue of operation. The trend, however, was short-lived.
Cloud service providers, plus cutting-edge data centers rushed in to provide its consumers with Hadoop-as-a-service. Hence, enterprises experienced an archetype shift of adapting their data management verticals to the newly available cloud storage and service for their expansive data and its processing. The overall reduction in appliances, infrastructure, and relevant costs have matured the market for HaaS.
Well, speaking of IoT is undeniable each time we step up to talk about the future of cloud services. It is the future, whether or not we are ready to adapt to it. Hadoop, in this scenario needs to upgrade its processing tools and move over to the integration of analytical learning tools supporting interconnected systems with smart data throughputs.
Predictive modelling of Hadoop modules purposed to initiate appropriate instructions as the result of derived patterns from continuously streaming sets of new data is the focus of ongoing R&D activities. For this, extremely accurate data interpretation algorithms need to be formulated, that can iteratively process same sources for recognizing difference between data patterns, consequentially modifying recommendations for the user.
There is no doubt that global market for Hadoop as a service is bound to experience unbounded growth despite the strong competition from innovative alternatives. The only reason is, that these novice applications have actually hitched a piggyback ride into the market with the aid of Hadoop itself. However, they definitely have raised the ante with regard to consumer expectation.
In the backdrop of current market framework, Allied Market Research has published a report on “World Hadoop-as-a-Service (HaaS) Market - Opportunities and Forecasts, 2013 – 2020”, predicting a CAGR of 70.8% during period of analysis. The report takes a deep account of HaaS market segments, their growth drivers as well as restraining factors associated with it. An in-depth analysis of financial projections on the basis of deployment type, business verticals, and regional markets across the world outline prospective opportunities for stakeholders.
Akhilesh Prabhugaonkar
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.
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