As per the report by Fortune Business Insights The global data analytics market size was valued at $41.05 billion in 2022 and is projected to grow from $51.55 billion in 2023 to $279.31 billion by 2030, exhibiting a CAGR of 27.3% during 2023-2030.
Industry forecasts for the Years 2024-25 in Numbers:
India IT spending is projected to total $124.6 billion in 2024, an increase of 10.7% from 2023, according to the latest forecast by Gartner, Inc. While investments in artificial intelligence (AI) and generative AI (GenAI) will contribute to IT spending growth in India, their impacts on IT spending levels will not be evident until 2025.
According to Fortune Business Insights, the global network analytics market size was valued at USD 1.87 billion in 2022. The market is projected to grow from USD 2.25 billion in 2023 to USD 9.94 billion by 2030, exhibiting a CAGR of 23.7% during the forecast period.
As per a recent Gen AI report by AIM, the Indian IT majors have trained close to seven lakh employees in generative AI, The report also observed that there is a decline in the total headcount for many IT firms, along with signs of disparity in hiring freshers as they are mostly focusing on training and upskilling their existing employees, besides scaling workflow automation and digital initiatives.
According to Fortune Business Insights, the global augmented market size was valued at USD 15.84 billion in 2022. The market is projected to grow from USD 18.68 billion in 2023 to USD 66.54 billion by 2030, exhibiting a CAGR of 19.9% during the forecast period.
As per the report of Fortune Business Insights, the global generative AI market size is projected to grow from $43.87 billion in 2023 to $667.96 billion by 2030, at a CAGR of 47.5% during the forecast period. The global generative AI market size is projected to grow from $43.87 billion in 2023 to $667.96 billion by 2030, at a CAGR of 47.5% during the forecast period.
As per the report of Fortune Business Insights, the global network as a service market size was valued at USD 13.63 billion in 2022 and is projected to grow from USD 18.70 billion in 2023 to USD 155.17 billion by 2030, exhibiting a CAGR of 35.3% during the forecast period.
India’s software-as-a-service (SaaS) market is expected to surpass $26 billion in revenue by 2026, at a compound annual growth rate (CAGR) of up to 28% from $10.2 billion in 2022, despite the economic headwinds which has impacted IT spending, according to a report by Chiratae Ventures and Zinnov, released on Wednesday.
According to Fortune Business Insights, the global Cloud Storage Market size is projected to reach USD 376.37 Billion by 2029, at a CAGR of 24.0% during the forecast period, 2022-2029.
According to Fortune Business Insights, The global healthcare predictive analytics market size hit USD 7.88 billion in 2021.
As per the Gartner Reports, The global market for business intelligence (BI) solutions and related services, including data science and machine learning, is expected to grow from $6.5 billion in 2020 to $13.3 billion in 2023. This represents a compound annual growth rate (CAGR) of 9.1% between 2020 and 2023.
As per Fortune Business Insights, the global cloud computing market size will reach around $791.48 B by 2028, showing a CAGR of 17.9% between 2022-2028. Hence, this progressive approach has the power to transform the business landscape in the next five years.