Its become an enormous factor capable of influencing smart decisions, especially when starting new projects. That leaves about 16 hours of awake time. Here's a little number about big data that may surprise you: 8. . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. What exactly constitutes big data? (IBM), 40 zettabytes (43 trillion gigabytes) of data will be created by 2020, up 300% from 2015. There appears to be a recognition that data-driven business transformation may be harder than once anticipated. Available: https://www.statista.com/statistics/254266/global-big-data-market-forecast/, Big data market size revenue forecast worldwide from 2011 to 2027, Immediate access to statistics, forecasts & reports, Global IT spending forecast 2012-2023, by segment, Software market revenue worldwide 2016-2027, by segment, IT data center systems total spending worldwide 2012-2023, Database management system market size worldwide 2017-2021, Total installed base of data storage capacity in global datasphere 2020-2025, Popularity distribution of database management systems worldwide 2022, by license, Popularity distribution of database management systems worldwide 2022, by model, Popularity distribution of DBMSs worldwide 2022, by license/model, IBM cloud & cognitive software revenue worldwide 2018-2020, by subsegment, SAP's global revenue 2009-2022, by segment, Teradata: worldwide revenue 2010-2020, by segment, IT software budget allocation North America/Europe 2023, Most popular relational database management systems worldwide 2022, Most popular commercial database management systems worldwide 2022, Most popular open source database management systems worldwide 2022, Databases used for OpenStack components 2022, Most commonly used database technologies among developers worldwide 2022, Global sought-after database skills for developers 2021, Spending on cloud and data centers 2009-2022, by segment, Public cloud services used worldwide 2023, Hyperscale cloud marketplace services used Europe and United States 2021, by category, Global number of leading services offered on Microsoft Azure 2023, by category, Global number of services offered on Google Cloud marketplace 2022, by category, Number of databases solutions on Google Cloud marketplace 2022, by type, Solutions for hybrid- and multi-cloud Kubernetes deployments worldwide 2021, Global cloud database security market size 2020-2027, Commonly encrypted data by enterprises worldwide 2016-2021, Enterprise encryption technology use worldwide 2021, by business area, Top uses of hardware security modules in enterprise encryption key management 2022, Importance of selected big data distributions worldwide 2019, Adoption status of big data technology in organizations worldwide 2015-2019, Importance of selected big data use cases worldwide 2019, Importance of big data infrastructure technologies worldwide 2019, Importance of selected big data access methods worldwide 2019, Importance of big data analytics and machine learning technologies worldwide 2019, Adoption expectations for big data technology in organizations worldwide 2015-2019, Importance of big data search technologies in organizations worldwide 2019, Adoption expectations for big data technology worldwide 2019, by vertical, Forecast: big data market volume 2011-2016, Growth forecast: big data market 2012-2027, Database encryption market size worldwide 2015-2022, Data analytics outsourcing market size in the U.S. from 2014 to 2025, Specialist big data vendors' revenue in 2013, Big data market worldwide segment revenue forecast 2011-2026, Hosting & data storage services market revenue in Switzerland 2016-2021, Top challenges using data to drive business value in organizations 2021, Growth rate of China's low-code industry 2018-2025, Corporate initiatives for data-driven decision-making in organizations 2021, Big data market size revenue forecast worldwide from 2011 to 2027 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, software segment would become the large big data market segment by 2027, global big data and business analytics market was valued at 169 billion U.S. dollars in 2018, 45 percent of professionals in the market research industry reportedly used big data analytics as a research method. Financial services firms can analyze data to determine the potential risk of an investment and better plan their use of balance sheet or customer exposure. 2022 big data statistics report about a sudden increase in information consumption. 79% of organizations believe they will go bankrupt if they do not utilize big data. With overall investment levels in data and AI increasing, adoption of AI capabilities can be expected to continue. He has worked with vendors primarily as a consultant in the UX analysis and design stages, lending to his reviews a strong user-centric angle. When you purchase through links on This is evident in both pre-pandemic and post-pandemic forecasts. About 43% of organizations are making substantial changes in their structure to utilize the benefit of big data. (NewVantage Partners, 2020), 47.6% compete on data and analytics. keep pointing to a raging success for the industry! Now, before we continue, let us explain how we got to this conclusion. https://techjury.net/stats-about/big-data-statistics/, https://hostingtribunal.com/blog/big-data-stats/, Industry report Overview of Wearable Statistics And Facts For 20211, Industry report Overview of Facebook live Statistics, Usage And Facts, Industry report Overview of Web Hosting Statistics, Market share And, Dropbox Statistics, Users, Growth And Facts For 2021, Gmail Statistics, Users, Growth And Facts For 2021, The Ultimate List of WordPress Statistics (2020 Data, Studies, Facts), Facebook live Statistics, Usage And Facts (2020 Report), Web Hosting Statistics, Market share And Facts For 2021. However, not all data available online creates value. Many survey reports are available to support these claims. The global Big Data and Analytics market is worth $274 billion Around 2.5 quintillion bytes worth of data are generated each day Big Data analytics for the healthcare industry could reach $79.23 billion by 2028 There are currently over 44 zettabytes of data in the entire digital universe 70% of the world's data is user-generated Within these companies, 91.9% reported that the pace of investment in data/AI continues to accelerate, another positive indicator. The growth of data is not surprising because the time internet users spent online came to 2.8 million years in 2018 alone. That makes for a 14.1% CAGR between 2022 and 2027. Big data statistics at their finest! This is no doubt a large part of why the data growth statistics are what they are today. These innovations enable us to interpret information from a much wider variety of sources, including language, images and speech for the first time. Those firms that continue to make progress and begin to show results from these investments will have transformed themselves to compete more effectively in the 21st century digital business world. 21 Examples of Big Data In Healthcare With Powerful Analytics - datapine 14% say they will build business cases while remaining in the proof of concept evaluating benefits stage. If earlier a person would be just going for a swim, now he knows exactly how many calories he would be burning and other statistics such as heart rate, pulse rate, time, distance, etc. IN THIS RESEARCH BRIEF Labor-market factors have shaped early returns on investment (ROI) in big data technologies such as Hadoop. The 2.5 quintillion bytes of data we create every day is useless unless we crunch it using big data analytics. BDA tools come with high-speed operation features allowing companies to make quick decisions. Now that we have discussed what big data is, and why it can be beneficial to various types of businesses, we must think about how it can be cleaned and utilized and which companies could benefit from these developments. For instance, many doctors may manually enter various statistics on a patient. Europe, Middle East, and Africa altogether have 32% of the share. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Big data analytics market size worldwide in 2019 and 2025, Global BI & analytics software market size 2019-2026, Amount of data created, consumed, and stored 2010-2020, with forecasts to 2025, Technology initiatives providing competitive advantages to companies worldwide 2022, Global analytics as a service (AaaS) market size forecast 2021-2027, Digital transformation spending worldwide 2017-2026, Spending on digital transformation technologies and services worldwide from 2017 to 2026 (in trillion U.S. dollars), Global big data analytics market size 2021-2029, Size of the big data analytics market worldwide from 2021 to 2029 (in billion U.S. dollars), Size of the business intelligence and analytics software application market worldwide, from 2019 to 2026 (in billion U.S. dollars), Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes), Number of IoT connected devices worldwide 2019-2021, with forecasts to 2030, Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2021, with forecasts from 2022 to 2030 (in billions), Analytics as a service (AaaS) market size forecast worldwide in 2021 and 2027 (in billion U.S. dollars), Artificial Intelligence (AI) market size/revenue comparisons 2018-2030, Market size and revenue comparison for artificial intelligence worldwide from 2018 to 2030 (in billion U.S. dollars), Edge computing market value worldwide 2019-2025, Edge computing market revenue worldwide from 2019 to 2025 (in billion U.S. dollars), Social media analytics market value worldwide 2021-2028, Social media analytics market size worldwide from 2021 to 2028 (in billion U.S. dollars), Global predictive analytics market value 2020 and 2028, Predictive analytics market revenue worldwide in 2020 and 2028 (in billion U.S. dollars), Market share of leading data analytics tools globally 2022, Market share of leading data analytics software worldwide in 2022, Web analytics software market share worldwide 2022, Market share of leading web analytics technologies worldwide in 2022, Global business intelligence software market vendor share 2022, Leading vendors' share of the business intelligence (BI) software market worldwide in 2022, Social media analytics and monitoring software market share worldwide 2022, Market share of leading social media analytics and monitoring software worldwide in 2022, Marketing analytics software market share worldwide 2022, Market share of leading marketing analytics technologies worldwide in 2022, Global advanced analytics and data science software market share 2022, Market share of advanced analytics and data science technologies worldwide in 2022, State of big data/AI adoption among firms worldwide 2019-2023, State of big data/AI adoption in organizations worldwide from 2019 to 2023, Use of big data analytics in market research worldwide 2014-2021, Share of organizations using big data analytics in market research worldwide from 2014 to 2021, Rate of predictive analytics adoption in healthcare worldwide in 2022, by country, Rate of adoption of predictive analytics in healthcare in selected countries worldwide in 2022, Spending on cloud and data centers 2009-2022, by segment, Enterprise spending on cloud and data centers by segment from 2009 to 2022 (in billion U.S dollars), Global colocation data center market revenue 2021-2028, Colocation data center market revenue worldwide in 2021 with a forecast for 2028 (in billion U.S. dollars), Total installed base of data storage capacity in global datasphere 2020-2025, Total installed based of data storage capacity in the global datasphere from 2020 to 2025 (in zettabytes), Number of data centers worldwide 2022, by country, Number of data centers worldwide in 2022, by country, Global figure of hyperscale data centers 2015-2021, Number of hyperscale data centers worldwide from 2015 to 2021, Worldwide enterprise cloud strategy 2017-2023, Enterprise cloud strategy worldwide from 2017 to 2023, by cloud type. (We Are Social, 2019), 100 terabytes volume of data stored by most US companies. (CISCO), 181 million number of years it would take an individual to download all the data from the internet. (NewVantage Partners, 2020), Using big data, Netflix saves $1 billion per year on customer retention. Blue Innovations Group, a Florida-based electric boat startup founded by former Tesla manufacturing chief John Vo, began accepting reservations in March. What's in the Inflation Reduction Act and how it could affect you Volkswagen Fires Tech C-Suite After 3 Avoidable Digital Strategy Errors, Wolters Kluwer At 187: How An Information Company Adapts To AI, AI Doesn't Make Everyone A Programmer Overnight, Missing The AI Forest For The Generative AI Tree, Goodyears Head Of Ops And Tech Helps Drive The Future Of Mobility, Former SaaS Tech Chief Joins Western Digital As CIO, How Policymakers Can Accelerate AI Innovation, AI Excites Healthcare, Yet It Urgently Needs Regulations, Only 48.5% are driving innovation with data, Only 39.3% are managing data as a business asset, Only 30.0% have a well-articulated data strategy for their company, Only 29.2% are experiencing transformation business outcomes. This comes at no extra cost to you. How Big Data Investments Could Affect A Variety Of Industries - Forbes The big data market reaching an estimated value of $103 billion by 2023 It's estimated 97.2% of companies are starting to invest in big data technology Every day, internet users create 2.5 quintillion bytes of data IDC's Digital Universe Study from 2012 found that just 0.5% of data was actually being analyzed. (Big Data Made Simple), 40% of businesses say they need to manage unstructured data frequently. The Top Ten Richest People In The World. (IDC), 13.2% projected compound annual growth rate (CAGR) of BDA within the five-year period, 2018-2022. The remaining 32% are left for services. It eliminates the need for organizations to purchase and maintain costly computing hardware, pay for hosting, and develop the software needed for the day-to-day operation of servers.