Product Code: RP-ID-10352033 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: ICT & Telecom |
Report ID: 10352033
Market Overview:
Global Hadoop as a Service Market Analysis & Outlook 2030
Hadoop is open source software maintained by the Apache Software Foundation, an American non-profit organization. It is a distributed processing technology that can be used to analyze big data in various industries. Hadoop is less expensive than traditional data analysis tools such as relational database management systems (RDBMSs). Apache Hadoop is a simple and efficient sharing platform. However, Hadoop technology provides features such as the use of standard hardware for secure delivery and scalability to help reduce operational costs. The global market for Hadoop as a service is estimated to be USD 8 billion in 2021, recording a compound annual growth rate of 40% from 2022 to 2030.
The Hadoop-as-a-Service (RIY) segment will dominate the Hadoop-as-a-Service market in 2020 and this trend is expected to continue throughout the forecast period. However, the Net Games (PP) segment is expected to witness the highest annual growth rate during the forecast period as PurePlay Haas has a Hadoop suite that end users will use over the next few years. Additionally, PurePlay services will likely support additional features for the Hadoop ecosystem, such as Oozie for job planning and Sqooop for data transfer, which will drive adoption and market growth. Hadoop as a service market share in 2020 is expected to continue this trend during the forecast period. This is because large organizations deal with structured, unstructured, or binary data, and these organizations need to embrace Hadoop faster. However, the SME sector is expected to experience the fastest growth during the forecast period, as the number of SMEs in emerging markets increases and Haasmons end-user awareness rises. This allows a company or organization to run its analytic process with minimal capital investment.
This is the main reason why SMBs around the world want to sign up for HaaS solutions and create lucrative market opportunities. North America will dominate the market in 2018 and this trend is expected to continue during the forecast period of the Hadoop-as-Service market. The growth of this segment is due to the presence of major market players such as Microsoft Corporation, IBM Corporation and Amazon Web Services. There is also a growing interest in consumer technology as businesses continue to run out of technology options for big data.
Section Summary:
The global Hadoop as a Service market is segmented by implementation type, organization size, end user, and region. Depending on the bet type, the market is divided into two categories: RIY and Net (PP). According to the size of the organization, it is divided into SMEs and large enterprises. By end-user, it is segmented into Manufacturing, BFSI, Retail & Consumer Goods, Health & Life Sciences, Government & Defense, Media & Entertainment, Education, Information & Communication Technology, and more. Major players in the Hadoop-as-a-Service industry analyzed regionally in North America, Europe, Asia Pacific and Lamar include Microsoft Corporation, IBM Corporation, Amazon Web Services and Cloudera Inc., Google Inc. and MapR Technologies. , EMC Corporation, Mortar Data (Datadog), SAP SE and Datamir.
Key factors:
Intensifying competition in the enterprise environment, much lower cost than internal Hadoop, flexibility, and lack of Haas choice on the SMB side. Hadoop as a service marketplace. Additionally, increasing collaboration and financing in the Hadoop market and growing popularity of e-commerce are expected to create opportunities in the Hadoop-as-a-service market. However, lack of protection for sensitive data and lack of awareness of the benefits of this technology are expected to hamper market growth during the forecast period.
Intensifying competition in the enterprise environment:
High non-competition in the enterprise environment is a major driver of market demand for Hadoop as a Service (HaaaS or HDaaS). As the use of big data increases in enterprises, efficient data management is required. Data management and analytics provide businesses with insights that enable them to make actionable and profitable business decisions. It also helps companies understand market factors such as customer purchasing metrics and Hadoop as a service, helping them plan for the future and develop competitive strategies.
Much lower acquisition cost than on-premises Hadoop:
Hadoop was difficult to adopt due to the large investment required to build the infrastructure and hire specialists. However, Hadoop-as-a-Service provides access to a powerful data analytics platform that provides a cost-effective solution for small businesses. HAAS service providers offer a variety of options for their customers, and users can choose from a variety of packages offered by the provider. Businesses can also offer modular packages and services to small businesses. Haas has many natural benefits over workplace problems. Customers pay only for the resources they actually use and save money only when they are used. The use of these services is expected to increase in the next few years as Hadoop-as-a-Service cost is lower than domestic Hadoop and drives the growth of Hadoop-as-a-Service (Haas) market. Key benefits of this study for stakeholders include analysis of Hadoop as a service market, future trends and forecasts that will help identify future investment areas. The report provides insights into key drivers, restraints, and opportunities in the Hadoop-as-a-Service market. Market Size Quantification Services Market 2022-2030 Finalized Manufacturing Implementation Market by Large Enterprises of Size to Determine Financial Performance of the Industry in Leading Hadoop-as-a-Service Analytics Companies Based on DoIt Yourself (RIY) Pure Play (PP) User Small Business.
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