GITNUX MARKETDATA REPORT 2024
Software Analytics Industry Statistics
The software analytics industry is expected to continue to grow rapidly, driven by increasing data volume, demand for advanced analytics tools, and the continued adoption of analytics in various sectors.
In this post, we explore the robust growth and significant impact of software analytics in the industry. With an ever-increasing volume of data and advancements in technology, the software analytics market is poised for substantial expansion. From the rising market values to the crucial role of predictive analytics, we delve into the key statistics shaping this dynamic field.
Statistic 1
"The global big data and business analytics market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 274.3 billion U.S. dollars in 2022."
Statistic 2
"The world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015, and software analytics will play a critical role in managing this data."
Statistic 3
"Application performance management (APM) forms the largest software type in the software analytics market and it is expected to reach $9.16 billion by 2023."
Statistic 4
"The Asia Pacific region is expected to be the fastest growing region in the software analytics market, with a CAGR of over 20% from 2021 to 2026."
Statistic 5
"North America held a significant market share of over 30% in 2019 in terms of software analytics industry due to the early adoption of advanced technologies."
Statistic 6
"Over 60% of businesses see big data analytics as a driver of revenues as opposed to just a way to cut costs."
Statistic 7
"The market volume of predictive analytics software is projected to exceed 14.5 billion U.S. dollars in 2022."
Statistic 8
"90% of all the data in the world has been generated in the past two years, showing a significant increase in data generation and consumption, and the growth potential of software analytics industry."
Statistic 9
"By 2022, the global artificial intelligence and advanced analytics inFsoftware markets are projected to be worth 103 billion U.S. dollars."
Statistic 10
"More than 50% of all businesses are leveraging big data analytics for sales and marketing activities."
Statistic 11
"The market size of the global business intelligence (BI) and analytics software market is estimated to be 22.8 billion U.S. dollars in 2020."
Statistic 12
"97.2% of businesses are investing in big data and AI, emphasizing the role of software analytics."
Statistic 13
"Cloud-based business intelligence and analytics budgets are predicted to grow 4.9% in 2021."
Statistic 14
"The global predictive analytics market is expected to reach $21.5 billion by 2025, with an expected CAGR of 21%."
Statistic 15
"The big data technology and service market are expected to reach USD $77 billion by 2023, a clear indication of the importance of software analytics."
Statistic 16
"More than 70% of companies increased their spending on data-focused technology in 2020, demonstrating the importance of software analytics in today's market."
Statistic 17
"74% of enterprises plan to increase cloud spending in the wake of COVID-19, which gives a boost to the software analytics industry."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
