A report by Analytics India Magazine highlighted that Data Analytics as a solution will encompass 35% of all IT solutions in India by 2025, as the Data Analytics Industry in India earned a total revenue of 35.9 bn USD as of March 2020, signifying a sharp increase of 19.5% over and above the past year.
An article published by Analytics Insight has said that the fintech industry of India is the fastest-growing with over 2,100+ FinTechs existing in India today, where over 67% have been set up in the last 5 years. $31 Bn is the current valuation of the Indian Fintech market and is expected to grow to $84 Bn by 2025, at a CAGR of 22%.
The latest research report, titled “Big Data Analytics Market” by Contrive Datum Insights. The Big data analytics market size accounted for $9.5 billion in 2020, and the big data analytics market growth is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 30.7% to $42.6 billion by 2028.
According to a new market research report published by Global Market Estimates, the Global Artificial Intelligence in Banking Market is projected to grow at a CAGR value of 24.5% during the forecast period of 2021 to 2026. The rising launch of AI-based core banking software along with increasing demand for hassle-free online and mobile banking services, and the increasing trend of offering customer-centric services will drive the market from 2021 to 2026.