The importance of data in today’s world cannot be overstated.
It adds significant value to both small and large organizations by assisting them in making well-informed decisions. The data industry is expanding as more industries recognize the value of data.
In this guide, we will go over the major and minor trends, patterns, and facts gathered over several hours to show how the industry has changed over time and what to expect in the future.
Top 6 Data Statistics (Editor’s Pick)
- The US financial data provider service is worth $20.8 billion in 2023.
- In March 2023, Google Sites were the most visited multi-platform websites in the US.
- The global public computing market is projected to grow to $591.79 billion in 2023.
- By 2030, the global cloud gaming market is predicted to be worth $20.94 billion.
- In brute force attacks in 2022, 93% of passwords had eight or more characters.
- By 2026, 75% of AI innovations by organizations that develop reliable AI will be successful.
General Data Statistics
1. By 2025, 80% of the world’s data will be unstructured.
Organizations should be concerned because only 0.5% of these resources were analyzed in 2022.
2. In 2021, poor data quality cost organizations $12.9 million annually.
It also complicates data ecosystems and results in poor decision-making.
3. Up to 181 zettabytes of data will be created, consumed, and stored by 2025.
It is also predicted that 147 zettabytes of data will have been created by 2024.
4. Organizations are projected to spend $222 billion on data center systems in 2023.
This is a $10 billion increase from the projected amount in 2022, which was $212 billion.
5. Enterprise-critical data is expected to function without the data center or cloud by 2025.
Furthermore, data-related business goals are in jeopardy, as CDOs aren’t expected to instill the required data literacy to reach them.
6. Discerning business process upgrades was the most frequent use of data by organizations in 2022.
61% of businesses used their data for this. The second most common use was the evaluation of financial performance, used by 60% of businesses.
Data Statistics by Industry
7. The US financial data provider service is worth $20.8 billion in 2023.
That’s a 4.9% growth between 2018 and 2023.
8. The financial analytics market was worth $8.4 billion globally in 2021.
It is projected to reach $19.2 billion by 2028, a 14.80% CAGR.
9. In 2021, the big data analytics market was worth $240.56 billion.
It rose to $271.83 billion in 2022 and is predicted to rise by 13.4% to $655.53 billion by 2029.
10. The global manufacturing analytics market reached $11.98 billion in 2023, up from $9.92 billion in 2022.
It is projected to rise to $27.27 billion by 2027, a 22.8% CAGR.
11. The healthcare analytics market is expected to reach a value of $85.9 billion by 2027.
It was valued at $27.4 billion in 2022, equating to a CAGR of 25.7% from 2022 to 2027.
12. Many businesses in the retail banking sector increased their ICT budget by more than 6% in 2022.
Meanwhile, 60% of respondents saw an increase in their ICT budget between 1% and 6%.
13. The global predictive analytics market size had a CAGR of 24.4% from 2022 to 2023.
It was valued at $11.83 billion in 2022 and rose to $14.72 billion in 2023.
Data Statistics by Consumption
14. There were a total of 4.95 billion internet users as of January 2022.
This is 62.5% of the total world population.
15. The daily average time spent on the internet in 2021 was 6 hours and 58 minutes per user.
Of these users, 92.1% accessed the internet through their mobile phones.
16. The average monthly data used per smartphone globally in 2021 was 11.4 gigabytes.
This figure is expected to reach 41 gigabytes by 2027. India, Western Europe, North America, Northeast Asia, and North America had the highest figures at 18.4GB, 15.2GB, 14.6GB, and 13.9GB, respectively.
17. In March 2023, Google Sites were the most visited multi-platform websites in the US.
Among the top US search engine providers, they had over 274.49 million unique visitors and a 61.4% market share.
Big Data Statistics
18. The global big data and business analytics revenue in 2022 was $274.3 billion.
This is up from $215.7 billion in 2021.
19. In 2023, the global big data and analytics market will be worth $104.19 billion.
This is up from $92.06 billion in 2021, a CAGR of 13.2%. The market size is expected to reach $172.84 billion by 2027, a CAGR of 13.5%.
20. In 2021, the global big data in the retail market was worth over $5 billion.
According to projections, it will exceed $26 billion by 2030, growing at a CAGR of 23.1%.
21. By 2030, global big data analytics in the retail market will be valued at $40.88 billion.
It was valued at $6.25 billion in 2021 and will have a growing CAGR of 23.2% between 2022 and 2030.
22. The CAGR of the Australian and New Zealand spending on big data and analytics is expected to be 13.3% between 2021 and 2026.
The spending is estimated to reach $8.9 billion by 2026.
Cloud Data Statistics
23. The global public computing market is projected to grow to $591.79 billion in 2023.
This includes public cloud services that offer business processes, platforms, infrastructure, software, management, security, and advertising.
24. The value of the global cloud storage market was $78.6 billion in 2022.
It is projected to reach $183.7 billion by 2027 at a CAGR of 18.5%.
25. Google Drive is the most used cloud storage service worldwide.
94.44% of the world stores their data on Google Drive. Meanwhile, 62%, 39.35%, and 38.89% store their data on Dropbox, OneDrive, and iCloud, respectively.
By 2026, North America is predicted to surpass Asia Pacific and account for over 25% of the global cloud computing market share. It is expected to have a CAGR of 15.2% from 2022 to 2026.
27. By 2030, the global cloud gaming market is predicted to be worth $20.94 billion.
It was worth $1.02 billion in 2022. That is an estimated 45.8% increase from 2022 to 2030.
28. Global public cloud end-user spending is projected to reach almost $600 billion in 2023.
This is a 20.7% growth from $490.3 billion in 2022. Infrastructure-as-a-service (IaaS) will likely experience the highest end-user spending growth at 29.8%.
Data Analytics Statistics
29. Most organizations will try trust-based data-sharing programs by 2024.
However, only 15% will advance ahead of competitors on most business metrics.
30. Investment in data and analytics governance platforms will increase in 2024.
Up to 30% of organizations will be investing in this.
31. By 2023, the general use of analytics will increase from 35% to 50%.
Vertical and domain-specific augmented analytics solutions will be a motivation.
32. 30% of organizations will rely on analytics communities' intelligence by 2023.
Additionally, the foundation for 30% of AI predictions by 2023 will be enterprise resource planning (ERP).
Data Science Statistics
33. Data scientists surveyed in 2022 spent about 37.75% of their time on data preparation and cleansing.
They also spent 12.99% of their time on data visualization, 16.20% on reporting and presentation, and 26.44% working on models.
34. The most commonly used data science and ML tool in 2022 was Anaconda.
46.83% of surveyed organizations used Anaconda, 44.94% used GitHub, 33.33% used RStudio (Posit), 31.57% used Stack Overflow, and 30.65% used Tableau.
35. 41.32% of data science respondents in 2022 claimed to deploy ML models via an on-premises local server.
28% of them deployed models in the cloud, 23.70% did not deploy models into production, and 7% were unsure.
36. 87% of organizations in 2022 allowed their data scientists to use open-source software.
Meanwhile, 52% of respondents said their employers allowed them to contribute to open-source projects. 32% said their employers do not allow them to contribute to open-source projects, and 16% said they were unsure.
Data Privacy Statistics
37. In brute force attacks in 2022, 93% of passwords had eight or more characters.
While 41% of passwords used in real attacks had 12 characters or more.
38. Businesses may lose customers if their data security is not reliable.
This is based on 94% of organization respondents claiming that without established data protection, their customers will not buy from them.
Meanwhile, privacy is a business imperative and an integral part of their business culture for 95% of respondents.
39. The average spending on data privacy rose from $1.2 million in 2019 to $2.7 million in 2022.
The average data privacy spending of small businesses with 50 to 249 employees grew by more than 17%, with average spending of $2 million.
In comparison, larger companies with 500 to 999 employees grew by more than 13%, with average spending of $2.6 million.
40. The average data privacy benefits rose by over 13% to $3.4 million across all organizations in 2022.
The benefits in organizations with 50 to 249 employees increased by 35% to 42.7 million, while large organizations with 250 to 999 employees saw an increase of 18% to $3.3 million.
41. An average of 74% of organizations benefitted from data privacy investments in 2022.
This was across six areas. 75% benefitted from loyalty and trust, another 75% benefitted from mitigating security losses, and 74% from agility and innovation.
Artificial Intelligence Statistics
42. By 2026, 75% of AI innovations by organizations that develop reliable AI will be successful.
This is compared to the 40% of those that do not develop reliable AI.
43. The majority of companies will use cloud and cloud-based AI infrastructure to systematize AI by 2024.
About 70% of them will use this, thereby significantly reducing integration and upscaling concerns.
44. Conversational platforms will be used to initiate 75% of HR service management inquiries in 2023.
Furthermore, up to 10% of AI training data will be contaminated by harmless or harmful actors through 2023.
45. By 2025, responsible Artificial Intelligence will become a source of societal concern.
This is because pre-trained AI models will be heavily focused on among the top 1% of AI vendors.
46. By 2025, half of the organizations using AI orchestration platforms will use open-source technologies.
They will also use specialized vendor offerings to deliver cutting-edge AI capabilities.
Evolve With Data
As shown in the various statistics throughout this guide, data will continue to grow globally over time. Organizations that do not want to fall behind must capitalize on and grow with the rest of the world using data in business operations.