Key Highlights
- Over 80% of global data was created in just the last two years
- The global datasphere is expected to reach 175 zettabytes by 2025
- 90% of the world's data has been generated in the past two years
- The average data volume per company is projected to be 163 zettabytes by 2025
- 68% of organizations report data quality issues affecting their analytics
- 80% of data in organizations is unstructured data
- The median size of data files for modern AI applications is around 16 terabytes
- 76% of companies using big data technologies reported competitive advantages
- The adoption rate of blockchain technology for data integrity is projected to reach 50% by 2024
- Nearly 60% of data scientists say that data quality issues impact model performance
- The fastest growing data type is video data, increasing by 15% annually
- 90% of data stored today has been generated in the last two years
- The average number of data sources per enterprise has increased to 1,200
Did you know that over 80% of the world’s data has been generated in just the last two years, fueling a data explosion that is reshaping industries and challenging organizations to master the complex world of data types?
Data Growth and Volume Trends
- Over 80% of global data was created in just the last two years
- The global datasphere is expected to reach 175 zettabytes by 2025
- 90% of the world's data has been generated in the past two years
- The average data volume per company is projected to be 163 zettabytes by 2025
- 80% of data in organizations is unstructured data
- The median size of data files for modern AI applications is around 16 terabytes
- The fastest growing data type is video data, increasing by 15% annually
- 90% of data stored today has been generated in the last two years
- The average number of data sources per enterprise has increased to 1,200
- Structured data accounts for approximately 20% of all data in enterprises
- 60% of global data traffic is generated by video streaming
- The volume of image data is expected to grow at a CAGR of 21% through 2025
- Globally, data-related jobs are expected to grow by 23% between 2021 and 2031
- By 2025, the number of connected IoT devices is expected to reach 30.9 billion, generating vast amounts of data
- 85% of cloud data workloads are stored in multi-cloud environments
- The average size of data warehouses has increased by 45% over the past three years
- Data stored in cloud data lakes increased by 28% in 2022
- The retail industry generates over 2.5 quintillion bytes of data daily
- Digital transformation initiatives are responsible for a 33% increase in enterprise data volume
- By 2023, 90% of new enterprise data will be stored in a multi-cloud or hybrid cloud environment
- The average number of data breaches per year has increased by 67% over the past five years
- 32% of global data traffic is generated by enterprise IoT devices
- The total number of digital payments worldwide reached 521 billion in 2022, generating massive transaction data
Data Growth and Volume Trends Interpretation
Data Management
- The data management market size is expected to reach $145 billion by 2027
Data Management Interpretation
Data Management, Quality, and Security
- 68% of organizations report data quality issues affecting their analytics
- Nearly 60% of data scientists say that data quality issues impact model performance
- 45% of organizations lack a clear data strategy
- Only 29% of organizations report having a high level of data literacy among employees
- By 2024, 70% of enterprise data will be processed at the edge
- 55% of data engineers report challenges with data governance
- The proportion of sensitive data being encrypted in transit is about 87%
- 77% of organizations cite data privacy regulations as a major data management challenge
- The average cost of a data breach in 2023 is estimated at $4.45 million
- 65% of organizations are investing in data catalog tools to improve data discovery
- 50% of data science projects fail to deliver expected ROI due to poor data management
- 72% of organizations are increasing their data security investments
- The global data integration market is projected to grow to $23.7 billion by 2025
- 65% of companies are adopting data governance frameworks to ensure data quality
- Only 17% of data within organizations is stored in a standardized, easily accessible format
- The average cost of managing and storing a single petabyte of data is approximately $1.5 million annually
Data Management, Quality, and Security Interpretation
Data Types and Formats
- Nearly 80% of data used in AI models is unstructured
- The most common data format for big data is JSON, followed by XML and CSV
- 80% of global data is unstructured, such as video, social media posts, and emails
- 78% of organizations use some form of machine-readable data formats for automation
Data Types and Formats Interpretation
Emerging Technologies and Adoption
- The adoption rate of blockchain technology for data integrity is projected to reach 50% by 2024
- 70% of organizations plan to implement real-time data analytics solutions within the next two years
- The use of GraphQL for data querying is increasing by 50% annually among API developers
Emerging Technologies and Adoption Interpretation
Industry and Organizational Data Insights
- 76% of companies using big data technologies reported competitive advantages
- Approximately 92% of data users believe data literacy is essential for effective data use
- 85% of organizations believe that data-driven decision-making improves business performance
Industry and Organizational Data Insights Interpretation
Sources & References
- Reference 1INFORMATICAResearch Publication(2024)Visit source
- Reference 2FLEXERAResearch Publication(2024)Visit source
- Reference 3IBMResearch Publication(2024)Visit source
- Reference 4MARKETSANDMARKETSResearch Publication(2024)Visit source
- Reference 5SPRINGBRANCHResearch Publication(2024)Visit source
- Reference 6OKTAResearch Publication(2024)Visit source
- Reference 7PROGRAMMABLEWEBResearch Publication(2024)Visit source
- Reference 8FORBESResearch Publication(2024)Visit source
- Reference 9NVIDIAResearch Publication(2024)Visit source
- Reference 10NATUREResearch Publication(2024)Visit source
- Reference 11ENTERPRISESTORAGEFORUMResearch Publication(2024)Visit source
- Reference 12FORTUNEBUSINESSINSIGHTSResearch Publication(2024)Visit source
- Reference 13STATISTAResearch Publication(2024)Visit source
- Reference 14MICROSOFTResearch Publication(2024)Visit source
- Reference 15PWCResearch Publication(2024)Visit source
- Reference 16DATAVERSITYResearch Publication(2024)Visit source
- Reference 17GEPResearch Publication(2024)Visit source
- Reference 18BLSResearch Publication(2024)Visit source
- Reference 19HBRResearch Publication(2024)Visit source
- Reference 20GARTNERResearch Publication(2024)Visit source
- Reference 21SASResearch Publication(2024)Visit source
- Reference 22MCKINSEYResearch Publication(2024)Visit source
- Reference 23IDCResearch Publication(2024)Visit source
- Reference 24TDWIResearch Publication(2024)Visit source