iCrowd Newswire – Jul 14, 2020
The Global Hadoop-as-a-Service (HaaS) Market is estimated to grow at a CAGR of 39.2% during the forecast period. The HaaS industry was valued at $5,279.00 million in the year 2018 and is anticipated to reach $74,097.00 million by the end of the year 2026.
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Hadoop is an open source software with distributed processing technology. It is a cost-effective tool as compared to traditional data analysis tools. Hadoop-as-a-Service (HaaS) is a software and Big Data analytics framework that process, analyse and stores data in the cloud by using Hadoop. In HaaS, users can use the technology that is managed and provided by a third-party vendor without investing or installing additional infrastructure on premises specially among medium & large-scale organizations.
The Global Hadoop-as-a-Service (HaaS) industry is driven by various growth factors such as increase in penetration of Internet of Things (IoT), rise in demand for cost-effective solutions to manage Big Data and large scale acceptance of the services across various industry verticals such as telecommunication, manufacturing, banking and IT among others. Also, low-cost cloud-based services coupled with growth in demand for HaaS drives the market growth for the long-term. Whereas, security issues related to confidential data and lack of awareness related to benefits of technology hampers the market growth over the forecast period. On the contrary, increasing popularity of e-commerce and ongoing strategic partnership in the market offer lucrative opportunities for the market players operating in the global Hadoop-as-a-Service (HaaS) industry.
Segmentation Overview of the Global Hadoop-as-a-Service (HaaS) Market
The global Hadoop-as-a-Service (HaaS) industry is categorized into various segments such as deployment type, organization size and end-user. These major market segments are further categorized into various sub-segments to study the market in detail considering various market determinants and geographical dynamics.
The Deployment Type Segment of the Global Hadoop-as-a-Service (HaaS) Industry is Sub-Segmented into:
- Run it Yourself (RIY)
- Pure Play (PP)
The Organization Size Segment of the Global Hadoop-as-a-Service (HaaS) Industry is Sub-Segmented into:
- Small & Medium-sized Enterprises
- Large Enterprises
The End User Segment of the Global Hadoop-as-a-Service (HaaS) Industry is Sub-Segmented into:
- IT & Telecommunication
- Media & Entertainment
- Government & Defence
- Healthcare & Life Sciences
- Retail & Consumer Goods
Competitive Insights of the Global Hadoop-as-a-Service Market
Datameer, SAP SE, Mortar Data (Datadog), EMC Corporation, MapR Technologies, Google Inc., Cloudera Inc., Amazon web services, IBM Corporation and Microsoft Corporation are some major key players included in the research study of the global Hadoop-as-a-service market.
Regional Overview of the Global Hadoop-as-a-Service (HaaS) Market
The North America HaaS market dominated the global market in the year 2018 and is estimated to continue the trend over the forecast period. The regional market growth is attributed to presence of key market players in the region such as Amazon Web Services, IBM Corporation and Microsoft Corporation. Moreover, increase in adoption of Big Data technologies among various organizations to boost the risk management abilities and consumer target marketing support the regional market growth over the future period. Whereas, the APAC HaaS market is estimated to witness a highest growth rate in the future period owing to various factors such as exponential growth in number of mobile users, technologically and digitally improving industrial infrastructures and increasing penetration of internet in the region.
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Keywords: Hadoop-as-a-Service (HaaS) Market