Huge Growth Expected for OpenStack and Hadoop, Despite Skills Gap
Market research reports are flowing in forecasting huge growth for open platforms OpenStack and Hadoop. Last year, Technavio's market research analysts predicted that the global Hadoop market would grow at a CAGR of more than 53% over the next four years. The researchers 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.
Now, Technavio researchers are out with a new study forecasting that the global cloud management for OpenStack market will grow at a CAGR of 30.49% over the next four years. In both the Hadoop report and the OpenStack one, though, there are citations referring to a skills gap, where organizations are having trouble hiring skilled OpenStack and Hadoop technologists.
You can download a sample of Technavio's OpenStack report here. Allied Market Research has also 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."