Hadoop Market Forecasted to Grow at 45.5% CAGR for a Decade
Another in a string of market research reports has arrived forecasting huge growth for Hadoop in the big data space, but not everyone agrees that Hadoop adoption is going so smoothly. Research and Markets has announced the "Global Big Data Analytics & Hadoop Market Analysis & Trends - Industry Forecast to 2025" report. It finds that the Global Big Data Analytics & Hadoop Market is poised to grow at a CAGR of around 45.5% over the next decade to reach approximately $285 billion by 2025.
At the same time, more reports are coming in saying that organizations are wrestling with Hadoop's complexity.
Technavio's market research analysts also recently predicted the global Hadoop market wil grow at a CAGR of more than 53% over the next four years. The researchers have cited several factors such as data explosion in enterprises and demand for cost-effective solutions to meet big data analytics needs contributing to the growth of this market. Research and Markets findings also include historical data points for the Hadoop market.
Meanwhile, Allied Market Research has forecasted that the global market for Hadoop along with related hardware, software, and services will reach $50.2 billion by 2020, propelled by greater use of raw, unstructured, and structured data. But there remains a pronounced shortage of skilled Hadoop workers.
According to Technavio's report, many organizations may address the shortage of strong Hadoop professionals by adopting Software-as-a-Service (SaaS) Hadoop solutions:
"The market is witnessing a lack of trained and talented technical experts. Companies are unaware of the technologies concerned and skills required for managing big data. As per the forecast, this market will witness a gradual shift towards Software as a Service (SaaS)-based Hadoop solutions as it helps enterprises save cost and gain a better user experience."
Haddop as a Service (HDaaS) has been much in the news. Market share for the HDaaS segment is expected to grow at a fast clip through 2019. The emergence of Big Data and its adoption by SMEs are key trends that are expected to drive the global HDaaS market during the period.
Meanwhile, Gartner, Inc.'s 2015 Hadoop Adoption Study, involving 284 Gartner Research Circle members, found that only 125 respondents who completed the whole survey had already invested in Hadoop or had plans to do so within the next two years. The study found that there are difficulties hiring skilled Hadoop workers.
In an interview we did with MapR not long ago, officials said:
"There is a shortage of trained big data technology and analytics experts. Labor supply constraint is a key inhibitor of adoption and use of big data technologies. Current training offerings in the marketplace do not meet the cost, convenience and flexibility needs of today’s professionals. In-person training incurs significant costs, travel, and a big contiguous block of committed time."