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New report looks into increased demand for big data will boost the global hadoop-as-a-service market

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.

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Reportstack has announced a new market research report on the Global Hadoop-as-a-Service (Hdaas) Market 2015-2019. 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.

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 To access full report with TOC, please visit  Global Hadoop-as-a-Service (Hdaas) Market 2015-2019.

“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,”. The report 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,”.

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