As per a latest report from the Capgemini Research Institute – ‘Harnessing the value of generative AI: 2nd edition’, 80% of organizations have increased their investment in Gen AI since last year. 24% of organizations have integrated GenAI into some or most of their locations or functions, a significant increase from just 6% a year ago.
According to Research and Markets, the demand for self-service analytics tools is rising as organizations empower non-technical users to make data-driven decisions. The global market for self-service analytics is expected to grow at a CAGR of 20% from 2024 to 2030, driven by the need for agile decision-making and user-friendly analytics platforms .
According to Fortune Business Insights, the global Big Data as a Service market size was valued at USD 26.16 billion in 2023. The market is projected to grow from USD 33.58 billion in 2024 to USD 178.84 billion by 2032, exhibiting a CAGR of 23.3% during the forecast period.
As per the report by Fortune Business Insights, the global artificial intelligence (AI) market has valued at USD 515.31 billion in 2023 and is projected to grow from USD 621.19 billion in 2024 to USD 2740.46 billion by 2032, exhibiting a CAGR of 20.4% during the forecast period (2024-2032).
As per the article by TECHCiRCLE, India’s digital economy is driving significant growth in the data center market, projected to hit $4.5 billion by 2025 with a CAGR of 12%, highlighting the vital role of data infrastructure in meeting evolving technological needs.
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.
