The Big Data and Analytics industry has gone through major disruptions in the last five years. In our annual study — Analytics & Data Science Industry in India 2019, we summarise where the domestic analytics market is heading and the state of analytics outsourcing in India.
We have seen a marked shift in which Analytics and Data Science has moved beyond supporting new business models and operational effectiveness to shaping business performance. What was once a competitive edge — advanced analytics is no longer limited to a few leading companies or data-intensive industries. There is also a concerted shift in IT spending with the amount of spending related to analytics and BI going up significantly.
In our 2018 report, we estimated the Analytics, Data Science and Big Data industry in India to be $2.71 billion annually in revenues. In 2019, the analytics industry has grown to $3.03 billion in size and is expected to double by 2025.
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