Finalytica May 2024 : Latest Happenings

  • 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.
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Finalytica April 2024 : Latest Happenings

  • 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).
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Finalytica March 2024 : Latest Happenings

  • 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.
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Finalytica February 2024 : Latest Happenings

  • 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.
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Trends and Forecasts for Data Analytics, AI & Fintech Industry for the year 2024

  • 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.
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Recap of the Year 2023: AI, Gen AI & Data Analytics Industry

Key Events & Reports of the Year 2023 – AI, Gen AI & Data Analytics Industry
  • The current global big data analytics market is valued at $307.52 billion as per Fortune Business Insights.
  • As per Allied Market Research, the business analytics software market was valued at approximately $177 billion in 2023.
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Finalytica November 2023 : Latest Happenings

  • 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.
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Finalytica October 2023 : Latest Happenings

  • 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.
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Finalytica September 2023 : Latest Happenings

  • 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.
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Finalytica August 2023 : Latest Happenings

  • 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.
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Finalytica July 2023 : Latest Happenings

    • 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.
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Finalytica June 2023 : Latest Happenings

  • 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. 
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