Asia-Pacific region is expected to witness highest growth rate during the forecast period of Hadoop-as-a-service market, which is attributed to wide adoption of Hadoop-based applications for real-time analytics and web-based business processes, therebydrivingthe growth of the market. Moreover, the region is expected to present lucrative growth opportunities, due to increase in penetration of the internet, availability of technologically &digitally improving industrial infrastructures, and exponential rise in number of mobile users.
The major drivers boosting the growth of hadoop-as-a-service market are the rising demand for cost effective solutions for management of big data, decline in prices of cloud-based services, and increasing demand of HaaS from SMEs. Moreover, the need to reduce complexity and enhance technical expertise is anticipated to support the growth of the hadoop-as-a-service market in the coming years.
The global Hadoop-as-a-service market garnered $5.27 billion in 2018, and is projected to reach $74.09 billion by 2026, growing at a CAGR of 39.2% from 2019 to 2026.
Some of the key market players profiled in the report include Microsoft Corporation, IBM Corporation, Amazon web services, Cloudera Inc., Google Inc., MapR Technologies, EMC Corporation, Mortar Data (Datadog), SAP SE, and Datameer.This study includes Hadoop-as-a-service market analysis,hadoop-as-a-service market trends, and future estimations to determine the imminent investment pockets.
Rise in competition in the business environment, extremely low upfront costs compared to on-premise Hadoop, and surge in adoption of HaaS by small and medium enterprises drive the growth of the global Hadoop-as-a-Service market.
The global Hadoop-as-a-Service market across North America held the largest share in 2018, accounting for more than two-fifths of the market, owing to presence of a key market players and rise in adoption of big data technologies among organizations to enhance the consumer target marketing and risk management abilities. However, the market across Asia-Pacific is expected to manifest the highest CAGR of 44.0% during the forecast period, due to wide adoption of Hadoop-based applications for real-time analytics and web-based business processes coupled with penetration of internet and availability of technologically & digitally improving industrial infrastructures.
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By end user, the healthcare & life science segment is expected to register the highest CAGR of 49.0% during the forecast period, owing to surge in adoption of Hadoop in fraud prevention and detection and rise in use of this data to analyze and detect patterns in the field of fraud detection.
However, the IT & telecommunication segment held the largest share in 2018, contributing to nearly one-fourth of the global Hadoop-as-a-Service market. The number of leading telecommunication organizations have opted to deploy big data systems to enable large-scale data analysis and processing.
This has led them to handling customer issues and to achieve customer satisfaction, which, in turn, drives the adoption of Hadoop-as-a-service.
By deployment type, the run it yourself (RIY) segment held the largest share in 2018, accounting for more than two-thirds of the global Hadoop-as-a-Service market. his is attributed to its key benefit that the user does not have to worry about the installation, configuration, and regular updating part of the software, as the model provides full-service support options.
However, the pure play (PP) segment is expected to manifest the highest CAGR of 41.0% during the forecast period, due to the service does not require hand-operated intervention to configure when the data size extents or contracts.
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