GITNUX MARKETDATA REPORT 2024

Data Engineering Industry Statistics

The data engineering industry is expected to continue growing at a rapid pace, with increasing demand for skilled professionals and new technologies driving innovation and development in the field.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics shaping the data engineering industry, providing insights into the exponential growth and impact of big data on various sectors. From the projected market size to the increasing demand for data engineers, we’ll delve into the numbers driving the evolution of data management and analytics in a data-driven world.

Statistic 1

"By 2025, the global big data market size is expected to reach $229.4 billion."

Statistic 2

"There has been a 50% growth in demand for data engineers over the past years."

Statistic 3

"Time spent on data preparation tasks by data engineers is over 80%."

Statistic 4

"The big data industry is expected to grow at a compound annual growth rate of 10.6% from 2020 to 2027."

Statistic 5

"Predictive analytics software market revenues are projected to reach $21 billion in 2025."

Statistic 6

"In 2021, 1.7MB of data will be created every second for every person on earth."

Statistic 7

"China is expected to occupy 30% of the global big data market by 2025."

Statistic 8

"Industries where big data is used the most - 63% of the time in banking and 56% in manufacturing."

Statistic 9

"By 2025, worldwide data generation is expected to reach 180 Zettabytes."

Statistic 10

"83% of enterprises turned to big data project to improve their understanding of customers."

Statistic 11

"Cloud-based data warehousing offers up to 3 times better ROI than in-house one."

Statistic 12

"The database management system market is on track to be worth $63 billion by 2022."

Statistic 13

"By 2025, as much as 75% of the global population will interact with data daily."

Statistic 14

"By 2021, data utilization from the Internet of Things will reach 95%."

The statistics presented highlight the significant growth and impact of the data engineering industry. With projections of the big data market size increasing to $229.4 billion by 2025 and a 50% growth in demand for data engineers, it is evident that businesses are recognizing the importance of leveraging data effectively. Data engineers are spending over 80% of their time on data preparation tasks, emphasizing the crucial role they play in handling and analyzing data. The industry’s growth at a compound annual rate of 10.6%, along with the increasing focus on predictive analytics and data generation, indicates a thriving landscape. Industries like banking and manufacturing are leading in big data usage, while the rise of cloud-based data warehousing and database management systems are clear trends shaping the future. The statistics also underscore the widespread integration of data into daily interactions and the immense potential for data utilization from the Internet of Things. The data engineering industry is poised for continued growth and innovation, driving value and insights for the businesses and individuals who harness its power.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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