According to IDC (idc.com), the global big data and analytics market was $189 billion in 2019, and was estimated to grow at 13% a year to reach US$274 billion. The Indian data analytics market in 2019-20 was estimated to be nearly US$36 billion and is expected to reach US$75 billion in 2025. The share of analytics in the IT and ITES industries is expected to grow from 19% in 2019-20 to 30% in 2024-25.
In terms of employment, the workforce in the analytics companies is employed
i) 40% by large organizations (10,000+ employees)
ii) 30% by startup and growth stage companies (1-200 employees)
iii) the remaining 30% by mid-sized companies. The industry added 25,500 fresh graduates as employees in 2019-20, and 41% of the employees in the industry has less than 5 years work experience.