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- The analytics industry recorded a substantial increase of 34.5% on a year-on-year basis in 2022, with the market value reaching USD 61.1 billion as per a report titled Analytics India Industry Study 2022 done by Analytics India Magazine (AIM) earlier this year .

- As per the report by Gartner, their analysts estimate that by 2025, more than 50% of enterprise-critical data will be created and processed outside the data centre or cloud.

- According to research and markets “Cloud Infrastructure Market in India 2021” report, the Indian Cloud Infrastructure Market was valued at INR 301.40 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 29 per cent during the 2021 – 2025 period to reach INR 1,169.23 billion by 2025.

- According to India Brand Equity Foundation, the Indian Data Analytics industry is expected to hit the $118.7 billion mark by 2026.

- As per IBEF reports, the Indian Data Analytics market is anticipated to play an integral role in driving the future of the fourth phase of industrialization.

- As per the report by Economic Times by 2025, the demand for expertise in advanced technologies like AI, robots, and data science will be 20 times larger than the supply.

- Global IT research firm Gartner forecasts the AI and data science platform market is to grow to over $10 billion by 2025 at a 21.6% compounded annual growth rate.

- Data and analytics have entered the era of the cloud with two-thirds of analytics for both development and production expected to be performed in the cloud by 2023, according to a Gartner report.

- As per the research by MarketsandMarkets predicts that graph database software sales will grow from $1.9 billion in 2021 to $5.1 billion by 2026.

- By 2025, Gartner predicts that over 75% of governments will operate more than half of workloads using hyperscale cloud service providers. Such providers use their significant investment capabilities to outpace competition in the drive for product innovation, security and cost-efficiency.

- As per a report by Gartner, By 2024, at least 60% of government AI and D&A investments will directly impact real-time operational decisions and outcomes.

- As per the Analytics India Industry Study 2022, the Analytics industry recorded a substantial increase of 34.5% on a year-on-year basis in 2022, with the market value reaching USD 61.1 billion. The overall Analytics industry is projected to reach a size of $201.0 Billion by 2027 at a CAGR of 26.9%.

- Global market for AI in big data and IoT as a whole will reach $31.4B by 2027. Embedded AI in support of IoT-connected things will reach $7.2B globally by 2027. Overall market for AI in big data and IoT will be led by Asia Pac followed by North America.

As per the report by Fortune Business Insights, the global big data analytics market size stood at USD 206.95 Billion in 2020 and is projected to reach USD 549.73 Billion by 2028, exhibiting at a CAGR of 13.2% in the forecast period.

Gartner’s ‘cloud shift’ research includes only those enterprise IT categories that can transition to cloud, within the application software, infrastructure software, business process services and system infrastructure markets. By 2025, 51% of IT spending in these four categories will have shifted from traditional solutions to the public cloud, compared to 41% in 2022.

AI, ML & Data Analytics trends

Some interesting Technology trends which have bearing on the AI impact for AI & ML driven Data Analytics practices. This is per the latest Gartner Report on Top Technology Trends for 2022:
- By 2025, cloud-native platforms will serve as the foundation for more than 95% of new digital initiatives, up from less than 40% in 2021
- By 2023, more than a third of large organizations will have analysts practicing decision intelligence including decision modeling
- By 2025, the 10% of enterprises that establish AI engineering best practices will generate at least three times more value from their AI efforts than the 90% of enterprises that do not.

According to a latest Gartner report, Indian Corporates are expected to spend a total of $101.8 billion on Information technology (IT) in 2022 to support new IT projects. This marks a 7% increase in IT spending as compared to 2021, which saw India spend $95.1 billion on IT services, the report released on Wednesday said.