50+ Incredible Big Data Statistics for 2024: Facts, Market Size & Industry Growth

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big data Statistics

Large knowledge, a time period used to explain massive and sophisticated knowledge units, has change into a big a part of our digital world. With the continual growth of cellular knowledge, cloud computing, machine studying, and IoT, the massive knowledge business is experiencing large development

The realm of the Large Knowledge business encompasses numerous facets, together with knowledge facilities, cloud companies, IoT units, and predictive evaluation instruments. Nevertheless, what does the business reveal when examined by way of uncooked numerical insights? That is exactly what we intention to discover on this complete roundup of Large Knowledge statistics.

Enable us to information you thru compelling and thorough Large Knowledge statistics that supply precious insights.

Contents:

Prime Large Knowledge Statistics 2024:  

  1. The Large Knowledge market quantity is anticipated to achieve $84 billion in 2024.
  2. Round 2.5 quintillion bytes value of information are generated every day
  3. The large knowledge analytics market is predicted to achieve $349.56 billion in 2024.
  4. The quantity of information created worldwide as of 2023 is 120 zettabytes and is anticipated to achieve 181 zettabytes by the top of 2025. 
  5. Over 57% of the information worldwide is generated by web customers worldwide. 70% of the world’s knowledge is user-generated
  6. In 2024, the variety of IoT units worldwide will attain  17.08 billion.
  7. Large Knowledge analytics for the healthcare business may attain $79.23 billion by 2028
  8. Cloud computing end-user spending totals round $500 billion yearly
  9. 95% of companies mentioned that managing unstructured knowledge is a big drawback.
  10. Greater than 91% of organizations are investing in synthetic intelligence and large knowledge right now.
  11. 31% development in demand for composite knowledge analytics professionals is anticipated by 2030.
  12. 96% of corporations plan to rent job seekers with massive knowledge abilities. (Source)
  13. With the assistance of huge knowledge, Netflix saves over $1 billion yearly with buyer retention.
  14. 45% of companies are working at the least one Large Knowledge workload on the enterprise cloud
  15. 60% enhance in working margins could be achieved by retailers that use massive knowledge. 
  16. 14% is the approximate year-on-year development is noticed within the massive knowledge market yearly.
  17. 28% enhance in knowledge science jobs is anticipated to be seen by 2026.
  18. Knowledge interactions went up by 5000% between 2010 and 2020
  19. 72% of producing executives depend on superior knowledge analytics to enhance productiveness. 

How Large is Large Knowledge?

Large Knowledge refers back to the massive, various units of data that develop at ever-increasing charges. It encompasses the quantity of data, the speed or pace at which it’s created and picked up, and the range or scope of the information factors being covered1. The time period is usually related to three key ideas: quantity, selection, and velocity.

As of 2020, the digital universe was estimated to include a whopping 44 zettabytes of information. To place that into perspective, one zettabyte is roughly equal to a trillion gigabytes3. The scale and variety of out there knowledge units have grown quickly as knowledge is collected by units reminiscent of cellular units, low cost and quite a few information-sensing Web of issues units, aerial (distant sensing), software program logs, cameras, microphones, radio-frequency identification (RFID) readers, and wi-fi sensor networks. The worldwide knowledge quantity was predicted to develop exponentially from 4.4 zettabytes to 44 zettabytes between 2013 and 20202. This highlights the immense scale of Large Knowledge and its steady development within the digital age.

Quantity of information/data created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025(in zettabytes)

data growth

Supply: Statista.com

20. Large Knowledge was referred to 1 gigabyte or 1 GB in 1999. (Source)

At the moment, the time period symbolizes peta bytes (1024 terabytes), exabytes (1024 petabytes) or zettabytes (1024 exabytes).  This will embody billions or trillions of information from billions of individuals worldwide. 

21. By the top of 2025, web visitors is anticipated to generate 150 to 200 zettabytes.

In keeping with Cisco, the annual web visitors has already crossed the benchmark of 1 Zettabyte. 

22. To obtain all the information on the web, an web person will want roughly 180 million years. This quantity exhibits the immense quantity of information out there on the web. 

Here’s a sneak peek of all of the Large Knowledge Consumer Statistics

  • Google Will get Greater than 9 Billion Searches per Day
  • WhatsApp Customers Alternate Over 100 Billion Messages Each day
  • Each Particular person-Generated 1.7 Mb of Knowledge per Second in 2020 Alone
  • Over 95 P.c of Companies Assume that Managing Unstructured Knowledge Is Their Main Downside
  • 45% of World Companies Are Working a Important Knowledge Workload On Cloud
  • Over 80 P.c of Knowledge Generated At the moment Is Unstructured
  • Greater than 231 million emails are despatched.
  • Round 500 hours of movies are uploaded on YouTube. 
  • Instagram customers share round 66,000 photographs. 
  • 1.7 million content material items are shared on Fb.
  • Greater than 4.3 million Snaps are despatched on Snapchat. 
  • 16 million textual content messages are despatched. 
  • Greater than $443,000 is spent by shoppers on Amazon. 
  • Round 347,200 tweets are tweeted on Twitter. 
  • Over 120 professionals be part of LinkedIn. 
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World Market Measurement of the Large Knowledge Trade

23. The Large Knowledge market measurement is anticipated to be $77 billion by the top of 2023. It’s forecasted to achieve $103 billion by the top of 2027. 

Large knowledge market measurement income forecast worldwide from 2011 to 2027(in billion U.S. {dollars})

big data market size

Supply: Statista

Fascinating Details About Large Knowledge

24. Over 57% of the world’s knowledge is produced by web customers, contributing to a staggering 900 exabytes of data on the internet. This user-generated knowledge is ubiquitous, discovered throughout numerous platforms reminiscent of social media, e-mail exchanges, client opinions, and past.

25. Google registers over 6 million searches per minute, translating to a exceptional 100,000 searches carried out each second by on-line customers.

26. A big 72% of adults in america specific considerations about corporations exerting extreme management over their knowledge. Given the huge variety of people storing their knowledge on-line, there’s a prevailing perception that this data is in danger and will probably be uncovered to unauthorized sources.

27. Nearly 90% of the information saved right now is unstructured. 

Most corporations admit that the information they’ve saved is unstructured. This unstructured knowledge contains photographs, audio, movies, sensors, and textual content knowledge.

Large Knowledge Development over the Years

28. The quantity of information created worldwide in 2024 is anticipated to achieve 147 zettabytes.

This knowledge created is anticipated to achieve 181 zettabytes by the top of 2025. Comparatively, in 2013, the quantity of information created was recorded to be 9 zettabytes. 

The next desk shows the quantity of information created over time:

Yr Knowledge Quantity
2025* 181 zettabytes
2024* 147 zettabytes
2023 120 zettabytes
2022 97 zettabytes
2021 79 zettabytes
2020 64.2 zettabytes
2019 41 zettabytes
2018 33 zettabytes
2017 26 zettabytes
2016 18 zettabytes
2015 15.5 zettabytes
2014 12.5 zettabytes
2013 9 zettabytes
Supply: Statista. 

29. The worldwide Large Knowledge market is anticipated to develop by 9% in 2024. 

The year-over-year development of the massive knowledge market has declined over the previous years, contemplating a lot of the knowledge was fed on the web between 2016 and 2018. 

The next desk shows the share of year-over-year development of the massive knowledge market over time:

Yr Development of Large Knowledge
2027* 7%
2026* 7%
2025* 7%
2024* 9%
2023 10%
2022 9%
2021 14%
2020 14%
2019 17%
2018 20%
2017 24%
2016 22%
2015 -16%

Supply: Statista. 

Rise in Knowledge Era

An astounding 2.5 quintillion bytes (LinkedIn) of information is projected to be generated day-after-day in 2024. This surge is pushed by the proliferation of related units, IoT applied sciences, and the digital transformation initiatives embraced by organizations worldwide.

How a lot knowledge is created day-after-day?

30. Round 328.77 million terabytes  of information is created day-after-day. 

This equals 0.33 zettabytes day-after-day and a pair of.31 zettabytes per week.

The next desk shows the breakdown of the information created over time. 

Time  Quantity of information created
Every single day 0.33 zettabytes
Each week 2.31 zettabytes 
Each Month 10 zettabytes
Each Yr 120 zettabytes

Adoption Of Large Knowledge By Companies

31. As of 2023, 39.5% of companies have adopted massive knowledge for managing datasets as a enterprise asset. 

Alternatively, 59.5% of the organizations mentioned that they’d adopted massive knowledge expertise to drive innovation with the assistance of information. 

On the similar time, 23.9% of the organizations have used massive knowledge to create knowledge drive organizations. 

The next desk shows the explanations for numerous organizations adopting Large knowledge. 

Causes for Adopting Large Knowledge 2023 2022 2021 2020 2019
Managing knowledge as a enterprise asset 39.5% 39.7% 39.3% 50% 46.9%
Established a knowledge tradition 20.6% 19.3% 24.4% 26.8% 28.3%
Driving innovation with knowledge 59.5% 56.5% 48.5% 64.2% 59.5%
Competing on knowledge and analytics 40.8% 47.4% 41.2% 45.1% 47.6%
Created a data-driven group 23.9% 26.5% 24% 37.8% 31%

Supply: Statista. 

32. 40% of huge knowledge customers have adopted massive knowledge analytics.

33. In keeping with Forbes, round 87.8% of the businesses have elevated their funding in knowledge. 

34. 27% of the enterprise executives mentioned their investments in Large Knowledge initiatives have resulted in enormous income. 

On the similar time, 45% of the businesses mentioned it was a break-even, and so they couldn’t revenue a lot. Alternatively, the remaining, 12% of the individuals, mentioned that their companies made a loss after investing in massive knowledge initiatives.

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35. 50% of the executives in america reported that the most important they face whereas investing in massive knowledge applied sciences are finances constraints. 

On the similar time, 39% of the European executives had the identical view and thought of it one of many high challenges whereas investing in massive knowledge applied sciences. 

36. America is the house to 2,701 knowledge facilities alone. 

The variety of massive knowledge facilities in america is double in comparison with these in the UK, Germany, and China mixed.  

These knowledge facilities retailer and transmit knowledge worldwide and are important for cloud administration, colocation, and managing knowledge companies. 

The next desk shows the variety of Knowledge facilities Worldwide. 

Nation Variety of knowledge facilities
United States 2,701
Germany 487
UK 456
China 443
Canada 328
Australia 287
Netherlands 281
France 264
Japan 207
Russia 172
Mexico 153

Supply: Statista. 

37. 82% of organizations worldwide are wanting ahead to growing their investments in knowledge modernization.

This quantity elevated from 41% in 2022 after the rise within the business’s significance of huge knowledge and knowledge modernization.

38. 19% of the executives reported that they’d established a knowledge tradition of their firm.

Large Knowledge Analytics Instruments

Large knowledge analytics instruments are options that pull knowledge from a number of sources and put together it for visualization and evaluation to find deeper enterprise insights into tendencies, patterns and associations inside knowledge. Large Knowledge Analytics is a course of that permits knowledge scientists to make one thing out of the stack of huge knowledge generated. This evaluation of huge knowledge is completed utilizing some instruments that we reckon as massive knowledge analytics instruments.

Learn extra on Prime 50 Large Knowledge Analytics Instruments and Software program You must know in 2024

Prime Large Knowledge Analytics Firms :

The Large Knowledge sector itself is a major instance of fast transformation. Large Knowledge startups are competing for market share with the blue-chip giants which have dominated the enterprise intelligence software program market. The highest Knowledge Analytics corporations to take into consideration are listed under. Let’s examine a few of the main massive knowledge corporations on this planet Prime 30 Large Knowledge Firms to look at in 2024

How is massive knowledge utilized in numerous Industries?

39. 46% of organizations worldwide reported utilizing massive knowledge analytics in market analysis. 

Large knowledge performs a big function in market analysis. With trillions of on-line knowledge units that present particulars about client preferences, market analysis has change into fairly straightforward. Organizations can scrape the information they want simply with the assistance of instruments out there. 

The next desk shows the share of organizations worldwide utilizing massive knowledge analytics in market analysis over time.

Yr Proportion of organizations
2021 46%
2020 45%
2019 39%
2018 41%
2017 35%
2016 35%
2015 32%
2014 31%

Supply: Statista. 

40. 56% of healthcare facilities have adopted using predictive evaluation worldwide. 

This quantity has elevated over time to offer higher healthcare services to sufferers and guarantee they obtain correct remedies. 

The healthcare business quickly adopts the expertise in Singapore, with a 92% adoption charge. 

The next desk shows the adoption charge of predictive evaluation expertise within the healthcare business of the chosen nations.

Nation Price of adoption
Singapore 92%
China 79%
Brazil 66%
United States 66%
Indonesia 65%
Italy 65%
France 64%
India 59%
Netherlands 59%
World common 56%
Australia 55%
Germany 54%

Supply: Statista. 

41. 43% of IT managers consider that IT infrastructure received’t be sufficient to deal with future knowledge calls for. 

The demand for cloud storage has elevated in recent times. Trying on the fast enhance of the information created, the IT decision-makers consider that the infrastructure out there right now received’t have the ability to retailer all of it. 

42. 68% of journey manufacturers reported wanting ahead to investing in predictive analytics or enterprise intelligence within the upcoming years. 

After an in depth take a look at the benefits of Large knowledge, many journey corporations have shifted in direction of investing within the business. They look ahead to enhancing the buyer expertise, repute, and pricing methods with the assistance of huge knowledge. 

43. Google Analytics has the biggest share of the net analytics business. 

Google dominates the net analytics market, with greater than 70% of the market share belonging to its instruments. 

Here’s a detailed breakdown of the market share of main net analytics applied sciences worldwide:

Net Analytics instrument Market share
Google Analytics 29.62%
Google World Website Tag 23.73%
Google Common Analytics 19.61%
Fb Analytics 5.86%
MonsterInsights 3.85%
Different 17.33%

Supply: Statista. 

44. 98% of the social media analytics and monitoring software program market share belonged to linkfluence.

Social media analytics and monitoring software program are used to optimize the extracted social media insights. 

Here’s a desk displaying the market share breakdown of the main social media analytics and monitoring software program.

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Social media analytics and monitoring software program Market Share
Linkfluence 98.05%
Meltwater 0.69%
Netvibes 0.45%
GetSocial 0.23%
Brandwatch 0.13%
Others 0.45%

45. Mode was the main software program within the international enterprise intelligence software program market, with a market share of 26%.

The enterprise intelligence software program gives the businesses with entry to investigate the data and enhance the choices and efficiency of the corporate. 

The next desk shows the market share owned by the main gamers of the Enterprise intelligence market. 

Enterprise Intelligence software program Market share
Mode 26.16%
Tableau 12.52%
Energy BI 7.17%
Microsoft SQL Server Reporting 5.55%
SAP Crystal Reviews 5.1%
Different 43.5%

Large Knowledge Analytics

46. The Large knowledge analytics income is anticipated to achieve $68.09 billion by the top of 2025. 

The income generated by the Large Knowledge Analytics market in 2019 was $14.85 billion.

47. The scale of the massive knowledge analytics market worldwide is value $308.26 billion and is predicted to achieve $349.56 billion in 2024.

On the similar time, it’s anticipated to achieve $655.53 billion by the top of 2029. 

That is as a result of fast enhance noticed within the knowledge, which parallelly impacts the information analytics market measurement enhance. 

Here’s a desk that depicts the expected measurement of the Large knowledge analytics market over the subsequent few years:

Yr The market measurement of the massive knowledge analytics market
2023 308.26 billion
2024* 349.56 billion
2025* 396.4 billion
2026* 449.52 billion
2027* 509.76 billion
2028* 578.06 billion
2029* 655.53 billion

Supply: Statista. 

48. In 2022, Large knowledge and enterprise analytics generated a income of $274.3 billion. 

Comparatively, in 2021, they have been capable of generate $ 215.7 billion. Nevertheless, greater than half of this spending went in direction of the companies. Round $85 billion went to IT companies, and the remaining to enterprise companies.

Listed here are the small print in regards to the income massive knowledge and enterprise analytics generated over time. 

Yr Income generated by Large knowledge and enterprise analytics
2022 274.3 billion
2021 215.7 billion
2019 189.1 billion
2018 168.8 billion
2017 149 billion
2016 130.1 billion
2015 122  billion

Supply: Statista.

49. 51% of the massive knowledge and analytics market share is owned by america. 

America spends essentially the most on massive knowledge and analytics, creating an enormous hole between its spending and the spending carried out by different areas world wide. 

In 2021, america spent virtually $110 billion, whereas China and Japan spent $11.9 billion and $12.4 billion, respectively. 

50. The market worth of world Analytics as a service (AaaS) is anticipated to achieve virtually $69 billion by the top of 2028. 

This prediction is predicated on the year-over-year enhance recorded over the previous years. 

The next desk shows the AaaS market measurement forecast. 

Yr Market measurement of SaaS
2028* 68.9 billion
2027* 58.71 billion
2022 18.9 billion
2021 15.17 billion

Supply: Statista. 

51. MATLAB had the very best share of the worldwide superior analytics and knowledge science business. 

It grabbed a market share of 13.5% within the business and was adopted by HubSpot Analytics and Alteryx, with a market share of 9.21% and 9.92%. 

The next desk shows the share of market share grabbed by the main superior analytics and knowledge science applied sciences throughout the globe. 

Main applied sciences Proportion of market share
MATLAB 13.5%
Alteryx 9.92%
HubSpot Analytics 9.21%
Qlik (QlikTech) 5.57%
Stata 4.29%
Different 57.51%

Large Knowledge Applied sciences and Details

The worldwide massive knowledge expertise market measurement is projected to develop from $345.52 billion in 2023 to $842.17 billion by 2030, at a CAGR of 13.6% in the course of the forecast interval.

52. The variety of IoT devices connected worldwide is forecasted to achieve 17.08 billion in 2024.

Because of the quickly growing variety of units, this quantity is anticipated to achieve 29.42 billion by the top of 2030.                                                                                                                              

The elevated use of expertise and the fast-paced enhance of the Digitalization period has elevated the variety of units worldwide. 

The next desk shows the variety of IoT-connected units worldwide recorded over time and the forecast for the upcoming years. 

Yr Variety of IoT units related worldwide
2030* 29.42 billion
2029* 27.31 billion
2028* 25.21 billion
2027* 23.14 billion
2026* 21.09 billion
2025* 19.08 billion
2024* 17.08 billion
2023 15.14 billion
2022 13.14 billion
2021 11.28 billion
2020 9.76 billion
2019 8.6 billion

Supply: Statista. 

53. The sting computing market worldwide is anticipated to achieve $274 billion by 2025.

The sting computing market has elevated as a result of enhance within the creation and storage of information.  

The next desk shows the sting computing market income worldwide. 

Yr Market Income
2025* 274 billion
2021 176 billion
2020 153 billion
2019 139 billion

AI and ML Integration in Large Knowledge

The combination of Synthetic Intelligence (AI) and Machine Studying (ML) in Large Knowledge has change into a transformative power within the discipline of information analytics. This summary explores the symbiotic relationship between AI, ML, and Large Knowledge, elucidating how these applied sciences collectively improve knowledge processing, interpretation, and decision-making. As organizations grapple with ever-expanding datasets, AI and ML algorithms supply unprecedented alternatives for superior sample recognition, predictive modeling, and automation.

This integration not solely facilitates extra correct and well timed insights but in addition empowers companies to derive actionable intelligence from complicated and voluminous datasets. By way of a complete examination of AI and ML integration within the Large Knowledge panorama, this summary goals to light up the profound affect these applied sciences have on data-driven decision-making and innovation in numerous sectors.

At the moment’s main Prime AI corporations on this planet are increasing their technological attain by way of different expertise classes and operations, starting from predictive analytics to enterprise intelligence to knowledge warehouse instruments to deep studying, assuaging a number of industrial and private ache factors. There are a number of areas the place synthetic intelligence tendencies can have an incredible affect within the yr 2023

Learn extra at Prime 100+ AI Firms

In 2024, as new updates and enhancements take over the sphere of AI, the rating of those AI platforms should shift. We take a look at the 20 greatest synthetic intelligence platforms for 2024, and why we expect they should be on the checklist.

Learn extra at Prime 20 Synthetic Intelligence Platforms for 2024

Though machine studying is one a part of the larger AI market, it’s the mostly carried out type of AI and rising quickly in enterprise. The worldwide machine studying (ML) market is anticipated to develop from $21.17 billion in 2022 to $209.91 billion by 2029, at a CAGR of 38.8% in forecast interval.

Learn extra at Prime Machine Studying Tendencies to look at in 2024

The Affect of AI-Powered Predictive Analytics on Advertising Methods within the Period of Large Knowledge

How AI & Large Knowledge is Altering Drug Discovery

Can Large Knowledge and AI Lastly Enhance Cell App Security?

How can massive knowledge analytics and AI assist streamline manufacturing workflows

Wrap Up

The continual growth of the Large Knowledge business hinges on the persistent era of information by people. Ongoing developments in knowledge processing and analytics are poised to offer corporations with enhanced capabilities to cater to their clients successfully and enhance income.

Amidst the fervor of corporations adopting new Large Knowledge expertise, there’s a essential want to make sure cost-effective implementation. Concurrently, these corporations should navigate the problem of rebuilding belief amongst a public wearied by knowledge breaches and privateness scandals. Placing a stability between technological innovation and rebuilding belief turns into crucial for sustained business development.

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