Report Forecasts Hadoop Market Growing at a CAGR of 53%
Another market research report has arrived forecasting huge growth for Hadoop in the big data space, but not everyone agrees that Hadoop adoption is going so smoothly. Technavio's market research analysts predict the global Hadoop market to 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.
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.
Notably, though, MapR had a high-profile rebuttal to the Gartner findings. It notes the following:
There has been tremendous success and value derived from Hadoop by those data-centric companies that have crossed into mainstream production usage of Hadoop to power their business. This is what MapR customers are experiencing. We invested early and deeply in the underlying data platform in our Hadoop distribution to make it operationally-ready for success as a production system. Not just for Web 2.0 companies, but for mainstream organizations and enterprise IT.
In order to deploy mission-critical applications on Hadoop, customers need enterprise-grade features. Customers also require more than batch capabilities. The market is shifting to real-time applications. MapR has invested heavily from day one to create an enterprise-grade, trusted platform to support real-time applications. Customers might be slow to adopt a batch-oriented Hadoop distribution that lacks production grade features, but the demand for Hadoop from MapR continues to accelerate.