According to India Brand Equity Foundation, the Indian Data Analytics industry is expected to hit the $118.7 billion mark by 2026.
As per IBEF reports, the Indian Data Analytics market is anticipated to play an integral role in driving the future of the fourth phase of industrialization. It will also witness a 33.49% increase in investments in AI and ML learning by the end of this year.
As per the report by Gartner, capturing, storing and using contextual data demands capabilities and skills in building data pipelines, X analytics techniques and AI cloud services that can process different data types. By 2025, context-driven analytics and AI models will replace 60% of existing models built on traditional data.
The global data science platform market is expected to grow to USD 695 billion by 2030 with a CAGR of 27.6% from 2021 (USD 95.31 billion), cutting-edge technologies like IoT, Artificial Intelligence (AI), cloud-based platforms, and others widen the scope of data science manifold, reported by Polaris Market Research.