According to The Hindu – By end of 2018, India alone will face a shortage of close to 2 Lac Data Scientists. Gartner predicts a significant gap in job openings and professionals with expertise in big data skills. Thus, 2015 is the right time for IT professionals to make the most of this opportunity by sharpening their big data skill set. A research report by Avenues Capital estimates that the IT market for big data in India will reach $2.15 billion by end of 2016 owing to one-fifth of India’s KPO market of $5.6 billion. The big data market leader – US is anticipated to experience a shortage of 140,000-200,000 big data professionals by end of 2018, which will open up immense opportunities for product and service companies in India… A research report by IDC estimates India to witness a remarkable compound annual growth rate of 36.3% for 2012-2017 anticipating it to reach $191 million from $40.7 million in 2012…
The prospective growth for big data in India is because of increasing number of companies trying to get meaningful insights out from the massive data growth in their businesses. Big data business is everything about storing, processing and analyzing unstructured data like videos, photos, tweets, Facebook comments and other social media updates together with figures and facts that help companies increase their ROI and is now one of India’s skill in demand. India is considered the favorite outsourcing destination for Hadoop skills attributed to the highly talented IT professionals, operational efficiency and low cost.
The below image illustrates the growth opportunities for big data professionals across various cities in India-
The graph shows Bangalore emerging as a major global hub for Hadoop developers as Indian companies across various vertical business domains like – Banking (ICICI, Axis, Kotak Mahindra, HDFC, YES Bank), e-commerce (Jabong, Snapdeal, Flipkart, Shoppers Stop) , Telecom (Idea Cellular, Bharti Airtel) and automobile (Mahindra & Mahindra, Tata Motors) adopt analytic to gain competitive advantage. The growing pool of Hadoop skills in India is also grabbing the attention of various US-based companies to consider for expansion in India.
the city of Bengaluru popularly known as the Silicon Valley of India has close to 2339 Hadoop enthusiasts while Silicon Valley has approximately 2552.India boasts of 6561 Hadoop users across the four metropolitans whilst the US has 8475 Hadoop users spread across San Francisco, Boston, New York and San Diego. The increase in the number of Hadoop experts in India is powered by some of the India’s billion dollar successes like the online retailing giant Flipkart and the mobile ad network InMobi.
For InMobi that generates 5TB of data every day and processes close to 240TB of it – Hadoop is a very vital component.
Twitter has recently announced its plan of setting up its R&D center in India.
With the Hadoop hype accelerating in the big data market in India, software engineers are opting for it as an area of specialization. Most of the big data companies are looking to hire competent data scientists and engineers. The talent pool for Hadoop skills is frugally low when compared to the increasing demand. It is hard to neglect the fact that a big data savvy professional can earn as much as $90,000 – $180,000 depending on his experience and role. The current zest for big data skills mainly concentrates on various technologies that make taming big data easy such as –Hadoop and its related open-source tools like Spark, Flume and Sqoop, data visualization and cloud computing.
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