GITNUX MARKETDATA REPORT 2024

Analytics Statistics: Market Report & Data

With sources from: statista.com, seagate.com, .deloitte.com, mckinsey.com and many more

Statistic 1

As of February 2021, the global big data and business analytics market was forecasted to grow to $274.3 billion by the end of 2022.

Statistic 2

Annually, only 0.5% of all data is ever analyzed and used.

Statistic 3

In 2020, over 2.6 billion people accessed mobile analytics to track and analyze consumer behavior.

Statistic 4

Analytics in the video gaming industry reached a valuation of $2.4 billion in 2020.

Statistic 5

As of 2019, 65% of Small and Medium Enterprises (SMEs) use some form of analytics tools.

Statistic 6

53% of companies are using big data analytics today, up from 17% in 2015.

Statistic 7

It's predicted that there will be around 4.6 million "Data Analytics" job postings in the United States by 2022.

Statistic 8

97.2% of organizations are investing in big data and AI.

Statistic 9

The largest share of advanced and predictive analytics users are from the services industry (19%).

Statistic 10

83% of enterprise workloads will be in the cloud by 2020. Data analytics will be one of the primary motivators for the shift.

Statistic 11

59% of all data is created by enterprises.

Statistic 12

85% of businesses consider data analytics to be essential or very important to digital transformation.

Statistic 13

Only 37% of organizations have been successful in data-driven decision making.

Statistic 14

By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset.

Statistic 15

By 2025, the total amount of digital data created worldwide will reach 163 zettabytes (ZB), much of which can be analyzed.

Statistic 16

45% of executives don’t trust their company’s data to inform how they run the business.

Statistic 17

As of 2021, the HR analytics market size was valued at $1.9 billion and is expected to grow at a CAGR of 11.7% from 2021 to 2028.

Statistic 18

The total global business analytics market is expected to grow from $67.92 billion in 2019 to $103.65 billion by 2025.

Statistic 19

50% of companies that embrace AI over the next 5-7 years have the potential to double their cash flow with manufacturing, agriculture, retail, and supply chain management seeing the most significant gains.

Statistic 20

In a 2020 survey, 58% of business and technology executives worldwide said analytics and artificial intelligence are emerging technologies that are critical to their business resilience.

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In this post, we will explore a variety of compelling statistics related to analytics and statistics, shedding light on the growing significance of data-driven decision-making and the expanding role of analytics in various industries. From the exponential growth of the global big data market to the increasing adoption of advanced analytics tools, these statistics offer valuable insights into the present landscape and future trends of analytics and statistics. Let’s dive into the numbers that are shaping the world of data analytics.

Statistic 1

"As of February 2021, the global big data and business analytics market was forecasted to grow to $274.3 billion by the end of 2022."

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Statistic 2

"Annually, only 0.5% of all data is ever analyzed and used."

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Statistic 3

"In 2020, over 2.6 billion people accessed mobile analytics to track and analyze consumer behavior."

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Statistic 4

"Analytics in the video gaming industry reached a valuation of $2.4 billion in 2020."

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Statistic 5

"As of 2019, 65% of Small and Medium Enterprises (SMEs) use some form of analytics tools."

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Statistic 6

"53% of companies are using big data analytics today, up from 17% in 2015."

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Statistic 7

"It's predicted that there will be around 4.6 million "Data Analytics" job postings in the United States by 2022."

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Statistic 8

"97.2% of organizations are investing in big data and AI."

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Statistic 9

"The largest share of advanced and predictive analytics users are from the services industry (19%)."

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Statistic 10

"83% of enterprise workloads will be in the cloud by 2020. Data analytics will be one of the primary motivators for the shift."

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Statistic 11

"59% of all data is created by enterprises."

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Statistic 12

"85% of businesses consider data analytics to be essential or very important to digital transformation."

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Statistic 13

"Only 37% of organizations have been successful in data-driven decision making."

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Statistic 14

"By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset."

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Statistic 15

"By 2025, the total amount of digital data created worldwide will reach 163 zettabytes (ZB), much of which can be analyzed."

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Statistic 16

"45% of executives don’t trust their company’s data to inform how they run the business."

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Statistic 17

"As of 2021, the HR analytics market size was valued at $1.9 billion and is expected to grow at a CAGR of 11.7% from 2021 to 2028."

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Statistic 18

"The total global business analytics market is expected to grow from $67.92 billion in 2019 to $103.65 billion by 2025."

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Statistic 19

"50% of companies that embrace AI over the next 5-7 years have the potential to double their cash flow with manufacturing, agriculture, retail, and supply chain management seeing the most significant gains."

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Statistic 20

"In a 2020 survey, 58% of business and technology executives worldwide said analytics and artificial intelligence are emerging technologies that are critical to their business resilience."

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Interpretation

In conclusion, the statistics presented showcase the growing importance and widespread adoption of analytics and data-driven practices across various industries. The forecasted growth of the global big data and business analytics market, coupled with the substantial investments in analytics tools and technologies, signifies a shift towards leveraging data for informed decision-making and strategic planning. While the potential benefits of analytics and artificial intelligence are acknowledged by a majority of businesses, challenges in data utilization and trust remain prevalent. As organizations strive to enhance their data analytics capabilities and harness the power of information assets, a continued emphasis on data literacy, integration of advanced analytics tools, and a culture of data-driven decision-making will be crucial for achieving success in the digital era.

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