Demand of Hadoop

It has become vital to pay attention to Big Data as it is not just a buzz word anymore. According to Forbes, it is on its way to becoming a movement. Big Data is one of the biggest trends in IT today and continues to grow as businesses see the importance of making data-driven decisions. With vast amounts of data being produced in real-time, there is a huge demand for people with skills to manage, analyze and help organizations use this data effectively.

Let’s take a look at how Big Data market is predicted to be and how the demand for Big Data skills and job opportunities will be in the upcoming years.

How the Big Data Market is Doing – Future Predictions:

According to the IDC forecast, the Big Data market is predicted to be worth $46.34 billion by 2018 and is expected to have a sturdy growth across Big Data related infrastructure, software and services over the next five years. IDC also predicts that the Big Data technology and the associated services market is expected to grow at a compound annual growth rate of 23.1% over the period of 2014-2019 with annual spending reaching $48.6 billion in 2019. Hadoop which has become almost synonymous with Big Data is predicted to grow at 58.2% CAGR between 2013 and 2020.

The predictions by IDC are positively optimistic. Adding to this, Alex Rossino, a senior principal research analyst at Deltek, also reports that information security policies and management programs in the federal government are driving agencies to invest in cloud computing and Big Data technologies. According to an article published by him, Deltek has forecasted that federal agencies will collectively increase their spending on cloud computing services from $2.4 billion during fiscal 2015 to $6.2 billion by fiscal 2020.

Training:

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