Hadoops Projected Market Earnings Are Huge
October 1, 2014
SaaS (software as a service) is becoming an archaic acronym. Instead of using that all encompassing term, companies are creating their own acronyms and inserting their headlining products at the front. Hadoop has now become Hadoop as a service (HaaS) and along with the acronym Whatech reports that “Hadoop-As-A-Service (HaaS) Market Is Expected To Reach $16.1 Billion Globally By 2020.” Hadoop is expected to have big growth over the next six years as the demand for big data analytics increases.
Its biggest competition is expected to be the company’s own on premise services, but there are many benefits to HaaS. Using the cloud is cheaper and the non-technical interface is easier for users and increase workflow.
The biggest concern with HaaS is one that persists cloud-based technologies:
“Persisting security concerns and lack of awareness among end users are the only pullbacks for the market growth. Information technology is acting as a boon in creating HaaS awareness among target customers. Persisting security concerns are also anticipated to die down to an extent due to the adoption of private clouds and high security cloud storages. AWS has already made a move in this direction with “AWS GovCloud (U.S. region)” that complies with the U.S. International Traffic in Arms Regulations (ITAR) requirements.”
Measures are already being taken to combat cloud security and by 2020 expect them to be tighter than Fort Knox. This is a large estimation for Hadoop and the company’s success points towards continued economic growth. Its competition will be tested to see how well they can compete against Hadoop.
Whitney Grace, October 01, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
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