11 Aug
2014
Knowing the importance and the usage of Hadoop-as-a-Service, Allied Market Research published a new report titled "Global Hadoop-as-a-Service (HaaS/HDaaS) Market (Deployment Type, End User, Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013- 2020." The report forecast the global HaaS market to reach $16.1 billion by 2020, growing at a CAGR of 70.8% during the forecast period.
The innovation of this technology is appreciated by various data scientists and SMEs across the globe. Report states that the market value of HaaS has doubled in 2013 as compared to 2012 and the profit valuation is considered important by many conventional Hadoop users. The emergence of Hadoop-as-a-Service is expected to outrun the growth of the on-premises-Hadoop in the future.
“Hadoop in the cloud” is considered to be useful and beneficial as compared to the conventional Hadoop. HaaS incurs low upfront cost and the non-technical interface in pure-play are the major drivers of the global HaaS market. Technological advancements would further ease the Hadoop operations for example; the use of graphic and excel based interfaces. The rise in demand for HaaS services among the social media firms, SMEs, gaming companies and SaaS providers is gaining importance at a global level.
The major restraints for this market are lack of awareness among the users and security concerns. However, the intervention of private clouds and high security cloud storages would help in vanishing the security concerns among the end users.
As per the report, North-America dominates the global HaaS market. Key companies profiled in the report are Microsoft Corporation, Amazon Web Services, IBM Corp., Cloudera, Inc., Hortonworks, Datameer, Inc., MAPR Technologies, Altiscale, Emc Corp and Mortar Data Inc.
Digvijay Deshmukh
Research Analyst at Allied Market Research
Digvijay Deshmukh is associated with Market Research industry for more than 5 years and possess strong expertise in market assessment, forecasting and consulting in ICT and Semiconductor industry. With his skilled proficiency in market research, Digvijay is actively involved in providing critical insights on business research to clients with his subject matter expertise. Various other sub-markets scrutinized include media and entertainment, HVAC, process control and automation, display technologies, telecom and IT, service industry, and power electronics among others. He is a part of multiple consulting assignments and is actively involved in commissioning, planning, execution, and delivery of projects to clients expectations. His forte lies in business consulting, building analytical models, and trend analysis and forecasting.
Development in new battery technologies boosts the demand for electric aerial work platforms in the future. Get theโฆ https://t.co/ExtfNLcVDE
0 0
Team Collaboration Software Market| Increase in adoption of cloud-based software as a Service (SaaS) ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆโฆ https://t.co/1ibOmY3yoK
1 0
Key trends and segments in #digitalpen market | Global opportunity analysis and industry forecast, 2020-2030 Get aโฆ https://t.co/w7BYPCi9DN
0 0
Did you know? Women segment dominated the global market in 2020, as the women population in the global dancewear inโฆ https://t.co/JtWruiI2wX
0 0
Did you know?? The global smart pulse oximeters market is projected to reach $3.5 billion by 2031. Explore more:โฆ https://t.co/tHQX8gSKd4
0 1
Huge Prospects of E-Learning Have Created a Number of Opportunities for the Key Players in Asia
Growing Emphasis on Transportation and Logistics to Drive the Demand for Fuel Cards in Europe
Advancements in Technology to Speed Up the Growth of Domestic Tourism
Nations Investing in Various Initiatives to Improve Smart Transportation Services
Travel Insurance: Impeccable Benefits of Opting Travel Insurance
Bone Graft & Supplements To Gain Attention In Dental Reconstruction And Skeletal Reformation
New research studies outlines solutions to save more lives through defibrillators
Innovative home dialysis systems to improve quality of lives of patients