The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
2018
Source: Forbes
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
- 55 percent of North American businesses have adopted big data analytics.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- The big data industry will be worth an estimated $77 billion by 2023.
- People generate 2.5 quintillion bytes of data each day.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- 36 percent of investment professionals use web scraping to derive data.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- Businesses that use big data saw a profit increase of 8–10 percent.
