• 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.
    • As per the research by Emergen research projects that by 2030, the global graph database software market will be at $11.25 billion.
    • As per the report by InformationWeek, the wave of digitization forced by the pandemic has fueled the global market for supply chain management, tipped to grow at a CAGR of 10.3% from about US $23 billion in 2020 to almost US $42 billion in 2026.
    • As per Gartner Reports, Context-Enriched Analysis helps identify and create further context based on similarities, constraints, paths and communities. By 2025, context-driven analytics and AI models will replace 60% of existing models built on traditional data.
    • As per Grand View Research, just the deep learning portion of the AI market was worth $34.8 billion in 2021. And it estimates that spending will grow by more than 34.3 percent per year between 2022 and 2030.

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