The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
2018
Source: Forbes
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- The big data industry will be worth an estimated $77 billion by 2023.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
