GITNUX MARKETDATA REPORT 2024

Data Discovery Industry Statistics

The data discovery industry is projected to experience exponential growth driven by increasing demand for advanced analytics tools and technologies.

With sources from: whatech.com, storagenewsletter.com, idc.com, globallegalchronicle.com and many more

Statistic 1

81% of enterprises report their big data investments as successful

Statistic 2

On average, data scientists spend 45% of their time preparing data.

Statistic 3

The largest share of the big data and business analytics market is in the banking industry.

Statistic 4

The big data industry is projected to reach $103 billion in 2027 at a CAGR of 10.5%.

Statistic 5

The overall rate of Data Discovery adoption is about 40% globally.

Statistic 6

It is predicted that the big data industry in China will reach $12.38 billion by 2025.

Statistic 7

Approximately 180 Zettabytes of data will be generated worldwide annually by 2025.

Statistic 8

Globally there will be 5.8 billion Internet users by 2022.

Statistic 9

By 2025, the data-generated market is projected to grow to $196.7 billion.

Statistic 10

The healthcare data industry is projected to reach $34.27 billion by 2022.

Statistic 11

The global Hadoop Market is predicted to grow to $99.31 Billion by 2022.

Statistic 12

The overall data economy of Europe is expected to be as high as €739 billion by 2020.

Statistic 13

Retailers utilizing big data efficiently could increase their operating margin by 60%.

Statistic 14

It is predicted that by 2026, every person will generate 1.7 megabytes of new data every second.

Statistic 15

Out of all sectors, the government has made the highest investment in big data and analytics at $2.88 billion.

Statistic 16

By 2023, data analytic tools will make up around 25% of total business intelligence market.

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In this post, we will explore key statistics and insights from the data discovery industry, shedding light on the evolving landscape of big data, data analytics, and market projections. From the success rates of big data investments to the growing influence of data in various sectors, these statistics offer a glimpse into the expanding role of data in shaping industries worldwide.

Statistic 1

"81% of enterprises report their big data investments as successful"

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Statistic 2

"On average, data scientists spend 45% of their time preparing data."

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Statistic 3

"The largest share of the big data and business analytics market is in the banking industry."

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Statistic 4

"The big data industry is projected to reach $103 billion in 2027 at a CAGR of 10.5%."

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Statistic 5

"The overall rate of Data Discovery adoption is about 40% globally."

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Statistic 6

"It is predicted that the big data industry in China will reach $12.38 billion by 2025."

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Statistic 7

"Approximately 180 Zettabytes of data will be generated worldwide annually by 2025."

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Statistic 8

"Globally there will be 5.8 billion Internet users by 2022."

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Statistic 9

"By 2025, the data-generated market is projected to grow to $196.7 billion."

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Statistic 10

"The healthcare data industry is projected to reach $34.27 billion by 2022."

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Statistic 11

"The global Hadoop Market is predicted to grow to $99.31 Billion by 2022."

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Statistic 12

"The overall data economy of Europe is expected to be as high as €739 billion by 2020."

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Statistic 13

"Retailers utilizing big data efficiently could increase their operating margin by 60%."

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Statistic 14

"It is predicted that by 2026, every person will generate 1.7 megabytes of new data every second."

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Statistic 15

"Out of all sectors, the government has made the highest investment in big data and analytics at $2.88 billion."

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Statistic 16

"By 2023, data analytic tools will make up around 25% of total business intelligence market."

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Interpretation

The statistics presented paint a clear picture of the booming big data industry and its significant impact across various sectors. With a high success rate of big data investments reported by enterprises and substantial market growth projections, it is evident that organizations are recognizing the value of data analytics. Data scientists spending a considerable portion of their time on data preparation signifies the importance of ensuring data quality for effective analysis. The proliferation of data generation worldwide and the increasing adoption of data discovery tools underline the growing significance of leveraging data for business insights. Industries such as banking, healthcare, and government are leading the way in big data investments, showcasing the diverse applications and potential benefits of data analytics across different sectors.

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