Explore Data & Analytics Statistics
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- By 2025, IDC predicts that the total amount of digital data created worldwide will rise to 163 zettabytes, ballooned by the growing number of devices and sensors
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
- The big data industry will be worth an estimated $77 billion by 2023.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
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