HaaS projects promising market growth rate

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.

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