The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.

2018

• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
• 29 percent of investment professionals use search trends to derive data.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
• 45 percent of companies run at least some big data workloads in the cloud.
• 62 percent of retail businesses see competitive advantages from information and analytics.
• The big data industry will be worth an estimated $77 billion by 2023.
• 90 percent of the world’s data was created between 2015 and 2016 alone.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.