How big will big data analytics market grow?

D0780865李佳禎

Big data analytics market will grow to $40.6 billion by 2023.
In this article, we got many proof that big data analytics has potential to grow in the future.
For example, Most enterprises know data analytics is instrumental in helping them make business decisions, and that realization is also spurring the market growth for the technology.
According to information from SAS, 72 percent of respondents said analytics give them valuable insights, and 60 percent cited data analytics as something that helped their organizations innovate.
What's more, data-driven careers are becoming desirable. According to the airline’s chief data officer, the focus on big data analytics will allow the brand to mitigate the damage that some factors can cause on the airline’s bottom line. Although some uncontrollable factors such as weather impact the air travel industry, emphasizing big data allows the company to anticipate the all-important changeable elements.
Especially, the Asia-pacific market is showing particular interest in big data. The report says that big data revenue in the APAC revenue will get to $15.1 billion by 2022, and it also expects the largest businesses to account for almost half the market share during the forecast period.
Moreover, the Chinese market will be the biggest player in the APAC region, followed by Australia. These statistics show why it’s necessary to take a broad geographic look when pinpointing the market’s growth.
In conclusion, no matter in nowadays or future, big data plays a significant role in the world.

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