The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.

2018

• Businesses that use big data saw a profit increase of 8–10 percent.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• 29 percent of investment professionals use expert networks to derive data.
• 21 percent of investment professionals use web traffic to derive data.
• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• 29 percent of investment professionals use search trends to derive data.
• By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
• 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
• 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.