future market trend of big data hadoop
TRANSCRIPT
Future Market Trends of
Big Data Hadoop
Phenomenal Growth of Hadoop
The Hadoop market is currently growing at a faster pace due to the rising demand for quicker access to relevant data for everyday functioning across industry sectors.
As per the recent study, big market for Big Data has been predicted and will tend to augment the revenue at 32% a year till 2016.
Additionally, the service market will also increase at a rate of 27% annual growth rate, along with the technology.
Career Opportunity with HadoopA number of growing opportunities for Hadoop are emerging from a changing environment where Big Data affects IT budgets in two ways:
Necessity to accommodate exponentially increasing amounts of data (processing, storage, analysis);
Progressively cost-prohibitive pricing models imposed by established IT vendors.
Why Opt for Hadoop??
Hadoop Developers are in great demand by most the IT industries. Companies that are hiring Hadoop professionals now and in the future are in search for various roles including:
Product managers Hadoop developers Database administrators Team leads Software testers Senior Hadoop developers Engineers and professionals
with operating skills
Four Programs of Study in Hadoop
Hadoop Common – This acts as the information centre containing the collections of Hadoop libraries.
HDFS – Hadoop Distributed Filing System stores the high band of frequencies.
Hadoop YARN – YARN is used to organize that line up the users’ function in a collection.
Hadoop MapReduce – MapR is used in processing all sets of data.
Advantages of Hadoop One of the foremost advantages is that Hadoop is
cost-effective in comparison to other traditional databases when it comes to storing and performing computations on data.
Hadoop comfortably accesses different kinds of business solution data and has proved its prowess in decision making.
It also acts as an enabler for social media, emailing, log processing, data warehousing and error detection.
By mapping the data wherever it is placed, Hadoop minimizes the time taken in unfolding any data. It can work on large petabytes of data in an hour’s time which makes it super-fast.
What do Researchers Have To Say??
According to the Transparency Market Research market report, the Hadoop market is estimated to reach $20.9 billion in 2018.
The Bureau of Labor Statistics (BLS) reports that demand for operations research analysts is expected to jump 22 percent from 2008-2018.
As per the recent survey, the Big Data Analytics Global Market is expected to grow by 14.4% CAGR over the span of next five years.
Hadoop Median Salary by Job
INR
79
5,8
84
INR
66
5,6
50
INR
56
1,2
20
INR
89
6,7
96
INR
1,7
64
,27
6
INR
1,3
50
,00
0
Senior Software Engineer
Data Scientist, IT
Software Engineer
Sr. Software Developer
Technical Architect
Lead Software Engineer
At present, the Hadoop market is growing at a faster pace due to the rising demand for quicker access to relevant data for day-to-day functioning across the industry sectors.
According to a recent survey, with India and China catching up with UK and US in Hadoop job trends, annual compensation of IT professionals is significantly increasing.
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