GITNUX MARKETDATA REPORT 2024

The Most Surprising Data Analytics Industry Statistics in 2024

Statistic 1

"Enterprises using advanced analytics can achieve up to 45% reduction in churn rates."

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Statistic 2

"83% of companies see big data as a competitive advantage."

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Statistic 3

"The global data analytics market size was valued at USD 37.34 billion in 2018 and is expected to reach USD 105.08 billion by 2027."

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Statistic 4

"90% of the world's data was generated in the last two years."

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Statistic 5

"Organizations employing big data analytics achieve up to 15% increase in revenue."

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Statistic 6

"53% of companies are using big data analytics to gain greater insight into their operations."

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Statistic 7

"The data analytics software market revenue is projected to grow to approximately $120 billion by 2025."

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Statistic 8

"49% of organizations are implementing data analytics to improve processes and efficiency."

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Statistic 9

"62% of companies are investing in big data and AI investments greater than $50 million."

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Statistic 10

"By 2020, 80% of companies that make extensive use of personalized algorithms will outperform others."

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Statistic 11

"As of 2021, there were 113 zettabytes of data created and replicated annually worldwide."

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Statistic 12

"As of 2021, North America accounts for more than 30% of the global data analytics market."

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Statistic 13

"The demand for data analysts is expected to soar by 33% until 2022."

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Statistic 14

"Over half of large businesses believe ML and AI will be crucial in analytics by 2025."

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Statistic 15

"By 2023, more than 33% of large organizations will have analysts practicing decision intelligence, including decision modeling."

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Statistic 16

"Investments in data and analytics average about 3.5% of the company's revenue annually."

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Statistic 17

"86% of companies believe that data is one of their most valuable assets."

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Statistic 18

"71% of global enterprises predict their investments in data analytics will increase substantially over the next three years."

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Statistic 19

"Only 27% of data and analytics projects are maximizing their return on investment."

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Statistic 20

"Real-time analytics are expected to grow from $6.5 billion in 2019 to $12.8 billion by 2025."

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