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

2018

• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• People generate 2.5 quintillion bytes of data each day.
• 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
• 29 percent of investment professionals use search trends to derive data.
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
• More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
• 53 percent of companies are adopting big data analytics