• 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. North America dominated the global market with a share of 34.68% in 2022.
  • The credit default rate (CDR) of APAC in 2023 is expected to be around 10.0%, according to Moody’s. This is significantly higher than the global average (CDR) in 2023 and is expected to be around 2.9%, according to S&P Global Ratings. Recently Reserve Bank of India (RBI) has increased the risk weights on unsecured consumer loans, including credit cards, by 25 percent for both banks and NBFCs.
  • As per the prediction of key technologies in 2024 by NTTDATA, In the world of networking, the term “Dark NOC” will become popular. Networking companies are rapidly integrating AIOps to create fully automated Network Operations Centers, known as “Dark NOCs”. Over the next year, these companies will enhance AIOps to enhance network quality, support engineers, and modernize infrastructures.
  • As per the report by Gartner, In the coming years, half of consumers are expected to significantly reduce their use of major social media platforms due to perceived declines in quality. Concerns about AI-generated content spreading misinformation remain high among consumers, with over 70% expecting negative impacts on social channels. Conversely, by 2026, 80% of creative professionals are predicted to use AI daily, leading to increased spending on strategic creative endeavors in marketing for more personalized experiences. This shift will likely result in faster development of creative variations and greater investment in agency and in-house talent.
  • As per the report by Modor Intelligence, The Big Data as A Service Market size is estimated at USD 32.51 billion in 2024, and is expected to reach USD 110.89 billion by 2029, growing at a CAGR of 27.81% during the forecast period (2024-2029).
  • As per the report by Future Market Insights, the revenue generated by the application programming interface (API) security market was US $560.2 million in 2023 and is projected to increase to US$760.8 million in 2024. The demand for API security is anticipated to soar at an astounding CAGR of 32.8% between 2024 and 2034, achieving US$ 12,980.0 million by 2034 because of the increasing frequency of harmful attacks on API’s.
  • As per the report Research and Markets, the global market for Artificial Intelligence (AI) estimated at US$68.8 Billion in the year 2022, is projected to reach a revised size of US$459.3 Billion by 2030, growing at a CAGR of 26.8% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 26.5% CAGR and reach US$188.2 Billion by the end of the analysis period. Growth in the Hardware segment is estimated at 22.9% CAGR for the next 8-year period.

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