A new report from Bangaluru- based Simplilearn.com predicted the job opening boost in big data industry in 2017. New trends in big data technology trends will affect different industries and therefore demand for big data professionals will also increase.
In 2016, ‘big data’ was the new buzzword in the Indian technology space. It is expected that this momentum will remain continue in 2017 as the industry is booming fast in India. Multiple startups emerged in this segment and now they are offering tremendous jobs for big data professionals for ensuring success. “In 2017, demand for data scientists in India will grow hugely. I expect the need to greatly outweigh the supply, with one lakh jobs available globally, but only 200,000 people are equipped with the skills needed. The sexiest job in the 21st century requires a mixture of multidisciplinary abilities and suitable candidates must be prepared to learn and develop constantly,” said Ronald Van Loon, big data thought leader and advisory board member at Simplilearn.
The Simplilearn’s report titled ‘The India Big Data Job Market Report’ also uncovered the list of top cities with highest job openings in this segment. It mentioned Bengaluru as the top city for big data jobs with holding 40 per cent share of the total job market. Other cities’ with a high demand for big data professionals are Pune, Delhi, Hyderabad, Mumbai and Chennai.
Fast Growing Market
Recently IDC also revealed a report related to the growth of the big data industry. According to IDC, “The Big Data industry will grow with a CAGR of 23.1 per cent in the period of 2016 – 2020.” It is estimated the total market touch USD 57 Billion by 2020 all along double digit CAGR for infrastructure, software and services. According to IDC, infrastructure comprises of storage infrastructure, networking and computing etc and all this will grow with 21.7 per cent CAGR. Software encompasses of information management, software applications, discovery and analytics and all this is expected to grow with a CAGR of 26.2 per cent. On the other hand, services segment includes support services and related infrastructure and software. It is expected to grow with 22.7 percent CAGR.
In general, big data refers to large sets of data that can be analyzed to reveal patterns and trends, specifically in the context of human behavior and interactions. Kashyap Dalal, Chief Business Officer, Simplilearn.com said, “Though there is huge demand for talent in the sector, there is a gap in demand and supply as two-thirds of data analyst jobs are yet to be filled.”
The report of Simplilearn’s recognizes the boost in demand for big data professionals to Indian IT service companies that are re-directing and bidding for new-age digital projects in big data and cloud computing.
Big Data Startups Raised Funding
The most prominent Indian big data startup is Bengaluru-based Mu Sigma, which raised $211 million from investors MasterCard, Sequoia Capital and General Atlantic and is valued around $1.5 billion. Other startups in this space that raised funding in 2016 were Bridgei2i, Realbox Data Analytics, Fractal Analytics, Scienaptic, and others. CollegeDekho, OYOFit, Oliveboard are some other startups serving in the Big Data Analytic industry. Like 2016, 2015 was also the great year for big data analytics startups with more than $260 million funding generation by numerous startups.
[Top Image – Shutterstock]