Business Analytics & Data Science
- The business analytics market is expected to witness a CAGR of 7.3% during the forecast period (2019-2024).
- Growing adoption of Big Data, analytics, artificial intelligence and Internet of Things is expected to push cloud market in India to grow 3-fold to USD 7.1 billion by 2022.
- The growing volume of digital data generated by businesses has led to the growth of business analytics market.
- Businesses all over the world are incorporating business analytics tools to better understand their customers and improve their business.
- The BDA market accounted for $8.5 billion in 2017, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 29.7% to $40.6 billion by 2023.
- The data analytics market in India is growing at a fast pace, with companies and startups offering analytics services and products catering to various industries.
- Analytics, data science and big data industry in India is expected to grow seven times in the next seven years. It is estimated to become a 20-billion dollar industry in India by 2025.