Don’t Believe the Anti-Hype- Big Data is Still on the Rise
Research and Markets recently published their report on the Global HDaaS (Hadoop-as-a-Service) Market 2015-2019. They market, they believe will continue to grow at a CAGR of 84.81 percent over the period 2015-2019.
Although many have been quick to claim the death of “big data” and the demise of Hadoop, adoption continues to rise. M&R analysts attribute this dissonance to one key factor- although the big players may be moving on, SMEs are flocking to data services and HDaaS in their droves.
“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,” notes an analyst from the research team.
To calculate the market size, the report considers revenue generated from Hadoop analytics solutions, Hadoop software, applications, services, support, and maintenance.
Some of the key findings of the report point out:
- The key vendors in the Global HDaaS Market are Amazon Web Services, EMC², IBM and Microsoft.
Other Prominent Vendors in the market are: Altiscale, Cask Data, Cloudera, Google, Hortonworks, HP, Infochimps, Karmasphere, MapR Technologies, Mortar Data, Pentaho and Teradata.
- Cost-effective solutions for big data management find growing demand and drive the market. Cost-effective cloud computing technology, with capabilities to manage and analyze large amounts of data,through Hadoop, enables enterprises to manage their big data of any size in a cost-effective manner, the report states.
- On the other hand, “lack of awareness about or unfamiliarity with the Hadoop technology,” is a drawback affecting the 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.”
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The detailed report is available here.