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.
As per the report by Fortune Business Insights, the global business intelligence market size is valued at USD 29.42 billion in 2023 and is projected to grow from USD 31.98 billion in 2024 to USD 63.76 billion by 2032, exhibiting a CAGR of 9.0% during the forecast(2024-2032).
As per report by Expert Market Research, the India IT training Market size reached approximately USD 4.04 billion in 2023. The market is projected to grow at a CAGR of 8.8% between 2024 and 2032, reaching a value of around USD 8.74 billion by 2032.
As per the report by Mordor 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).Advancements in technology have led to the rise of service-based solutions, which have given birth to Software as a Service (SaaS), Platform as a Service (PaaS), and Data as a Service (DaaS). Big data vendors have identified these as potential growth opportunities due to the benefits these services offer.
As per report by 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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