London, 09 March 2015 – The growing demand for cost-effective solutions for big data management has resulted in the unprecedented growth in the Global Hadoop-as-a-Service Market, which is expected to post a CAGR of 84.81 percent from 2014-2019, says research firm TechNavio.
For large organizations, it is practically impossible to analyze large volumes of data manually on a daily basis. With the huge volume of data available, organizations need to make appropriate use of raw data and convert them into useful information to facilitate their decision-making process.
“Organizations are focusing on installing data management solutions like Hadoop as an integral part of big data analytics, as they can easily manage large sets of data in a cost-effective manner,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the increased adoption of HDaaS by SMEs, as these organizations often don’t have the capital to invest in on-premise big data solutions. HDaaS solutions enable companies to perform analytics activities with low capital investment, which has spurred uptake of the technology among SMEs worldwide.
“Additionally, increased competition in the business environment is a major reason for the increased adoption of HDaaS,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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