Big Data and Analytics Market
The big data and analytics market size has grown rapidly in recent years. It will grow from $104.19 billion in 2023 to $118.55 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased internet penetration, government initiatives in developing economies, rising penetration of e-commerce and increased availability of mobile device.
The big data and analytics market size is expected to see rapid growth in the next few years. It will grow to $195.68 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing smart cities, internet of things (iot), favorable government initiatives, increase in internet penetration, increasing adoption of…
