Hadoop-as-a-service (HaaS) size estimation by company share Analysis

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Hadoop-as-a-service (HaaS), also known as Hadoop in the cloud, is a Big Data analytics framework that stores and analyzes data in the cloud by using Hadoop. Users do not have to invest in or install additional infrastructure on premises when using the technology, as it is provided and managed by a third-party vendor. Hadoop is a software framework, which is used to manage data and storage for big data applications in clustered systems. It gives users the ability to collect, process, and analyze data. Despite Hadoop being the leader, not all organizations are capable of installing as well as maintaining in-house Hadoop environment. This helps them to concentrate on their core businesses. Hadoop-as-a-service tries to provide the same experience to users in the cloud. The adoption of HaaS has increased among medium & large scale organizations that do not have the infrastructure or ability to host Hadoop on premises.

Factors such as increase in penetration of Internet of Things (IoT) across the globe, increase in demand for cost-effective solutions for the management of Big Data, and wide acceptance of HaaS across different industry verticals such as IT, banking, manufacturing, and telecommunication fuel the growth of the Hadoop-as-a-service market. In addition, decline in prices of cloud-based services along with upsurge in demand for HaaS from small & medium enterprises (SMEs) drives the growth of the market. However, low security for highly confidential data and lack of awareness about benefits of this technology are expected to hinder the growth of the market. On the contrary, ongoing partnership and funding in Hadoop market and rising popularity of e-commerce are expected to provide lucrative opportunities for the market growth in the coming years.

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