DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jt7rml/global) has announced the addition of the "Global Hadoop-as-a-Service(HDaaS) Market 2015-2019" report to their offering.
The Global HDaaS market to grow at a CAGR of 84.81% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Global HDaaS market for the period 2015-2019. To calculate the market size, the report considers revenue generated from Hadoop analytics solutions, Hadoop software, applications, services, support, and maintenance.
Hadoop is a provisioning model offered to organizations seeking to incorporate a hosted implementation of the Hadoop platform. Apache Hadoop is an open-source software platform that uses the MapReduce technology to perform distributed computations on various hardware servers. Hadoop-as-a-service (HDaaS) providers offer Hadoop PaaS, which enables technical experts of enterprises to perform various operations including big data analytics, big data management, and big data storage in a cloud.
Vendors provide the HDaaS platform as a web-based subscription service on a pay-per-use basis. The platform eliminates the need for any on-premise hardware; it abstracts the Hadoop architecture and supporting applications into a single cloud-based offering. The HDaaS platform enables enterprises to use the Hadoop technology in a cost-effective manner, while ensuring minimal time consumption.
One key trend emerging in this market is the increased adoption of HDaaS by small and medium enterprises. The market has witnessed that SMEs are among the earliest adopters of cloud computing and big data technology. Because this end-user segment is already aware of the potential benefits of cloud computing, HDaaS vendors are looking to capitalize on the increase in demand for HDaaS solutions from this segment.
According to the report, one of the major drivers of the market is the demand for cost-effective solutions for big data management. Cost-effective cloud computing technology, linked with the ability of Hadoop software to effectively manage and analyze large amounts of data, enables enterprises to manage their big data of any size in a cost-effective manner.
Further, the report states that the lack of awareness about or unfamiliarity with the Hadoop technology is one of the major challenges confronting this market. The lack of awareness about the Hadoop technology and the lack of trained professionals are two of the major issues that have prevented enterprises from investing in Hadoop-based big data solutions, which is hindering the growth of the market.
- Amazon Web Services
Other Prominent Vendors
- Cask Data
- MapR Technologies
- Mortar Data
For more information visit http://www.researchandmarkets.com/research/jt7rml/global