Data Science and Predictive Analytics Market Size

Data Science and Predictive Analytics Market size was valued at USD 16.05 Billion in 2023 and is expected to cross USD 152.36 Billion by the end of 2036, registering more than 18.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of data science and predictive analytics is estimated at USD 18.78 Billion. The continuous improvement in global internet connectivity and countless technical developments, among other things, have greatly accelerated economic growth during the past two decades. There were more than 4.5 billion persons actively utilizing the Internet as of April 2021 across the globe.

Additionally, the ICT sector's creation of goods and services boosts economic growth and development. According to data in the database of the United Nations Conference on Trade and Development, the worldwide exports of ICT goods increased from 10.816 % in 2015 to 11.536 % in 2019.