The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching 149 zettabytes in 2024. Over the next five years up to 2028, global data creation is projected to grow to more than 394 zettabytes. In 2020, the amount of data created and replicated reached a new high. The growth was higher than previously expected, caused by the increased demand due to the COVID-19 pandemic, as more people worked and learned from home and used home entertainment options more often. Storage capacity also growing Only a small percentage of this newly created data is kept though, as just two percent of the data produced and consumed in 2020 was saved and retained into 2021. In line with the strong growth of the data volume, the installed base of storage capacity is forecast to increase, growing at a compound annual growth rate of 19.2 percent over the forecast period from 2020 to 2025. In 2020, the installed base of storage capacity reached 6.7 zettabytes.

This statistic shows the growth rate of the global big data market from 2012 to 2027. The big data market is forecast to grow by 20 percent in 2018, reaching 42 billion U.S. dollars in size.

The amount of global healthcare data is expected to increase dramatically by the year 2020. Early estimates from 2013 suggest that there were about 153 exabytes of healthcare data generated in that year. However, projections indicate that there could be as much as 2,314 exabytes of new data generated in 2020.

The global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. With a share of 45 percent, the software segment would become the large big data market segment by 2027.

What is Big data?

Big data is a term that refers to the kind of data sets that are too large or too complex for traditional data processing applications. It is defined as having one or some of the following characteristics: high volume, high velocity or high variety. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets.

Big data analytics

Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate new business insights. The global big data and business analytics market was valued at 169 billion U.S. dollars in 2018 and is expected to grow to 274 billion U.S. dollars in 2022. As of November 2018, 45 percent of professionals in the market research industry reportedly used big data analytics as a research method.

The global data storage market size reached USD 310.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,304.7 Billion by 2033, exhibiting a growth rate (CAGR) of 16.44% during 2025-2033. The growing automation of different business processes, rising cloud computing activities and increasing adoption of remote working models represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the global data storage market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on storage system, storage architecture, and end user.

China GDP: Growth: Volume: Total Domestic Expenditure data was reported at 4.255 % in 2026. This records an increase from the previous number of 3.787 % for 2025. China GDP: Growth: Volume: Total Domestic Expenditure data is updated yearly, averaging 8.444 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 15.359 % in 1993 and a record low of 2.062 % in 2020. China GDP: Growth: Volume: Total Domestic Expenditure data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. TDDV_ANNPCT - Total domestic expenditure, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The global data center virtualization market size reached USD 11.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.8 Billion by 2033, exhibiting a growth rate (CAGR) of 13.91% during 2025-2033. The rising need to reduce cost and enhance operational efficiency among organizations, the increasing focus on business continuity and disaster management, and the surging need to consolidate and centralize data centers are some of the major factors propelling the data center virtualization market.

IMARC Group provides an analysis of the key trends in each segment of the global data center virtualization market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type, component, organization size, and end use.

Data Governance Market Report is Segmented by Deployment (Cloud and On-Premise), Organization Size (Large-Scale Business and Small- and Medium-Scale Business), Component (Software and Service), Business Function (Operation and IT, Legal, Finance, and Other Business Functions), End-User Industry (IT and Telecom, Healthcare, Retail, Defense, BFSI, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Data Discovery Market size was valued at 10.77 USD Billion in 2024 and is projected to reach 34.12 USD Billion by 2031, growing at a CAGR of 15.50% from 2024 to 2031.

Global Data Discovery Market Drivers

Growing Importance of Data-Driven Decisions: Businesses are increasingly recognizing the limitations of intuition and gut feeling. Data-driven decision-making, fueled by insights from data discovery, leads to more informed strategies and improved outcomes.

Exponential Growth of Data Volume: The amount of data organizations generate is exploding, driven by factors like social media, IoT devices, and sensor networks. Data discovery tools are essential for navigating this vast data ocean and extracting valuable insights.

Rise of Self-Service Data Discovery (SSDD): Traditionally, data analysis was the domain of IT experts. SSDD tools empower business users to explore data independently, fostering a data-driven culture and enabling faster decision-making across the organization.

Demand for Improved Operational Efficiency: Data discovery helps identify inefficiencies and bottlenecks in processes. By analyzing operational data, businesses can optimize workflows, reduce costs, and streamline operations for overall performance improvement.

The Data Center Market is segmented by Data Center Size (Large, Massive, Medium, Mega, Small), by Tier Type (Tier 1 and 2, Tier 3, Tier 4), by Absorption (Non-Utilized, Utilized) and by Region (APAC, Africa, Europe, Middle East, North America, South America). Market Volume in Megawatt (MW) is presented. Key Data Points observed include IT load capacity for existing and upcoming data centers, current and upcoming hotspots, average mobile data consumption, volume of fiber cable connectivity in KM, existing and upcoming submarine cables, rack space utilization, and number of data centers by tier.

The United States Data Center Market is segmented by Hotspot (Atlanta, Austin, Boston, Chicago, Dallas, Houston, Los Angeles, New Jersey, New York, Northern California, Northern Virginia, Northwest, Phoenix, Salt Lake City), by Data Center Size (Large, Massive, Medium, Mega, Small), by Tier Type (Tier 1 and 2, Tier 3, Tier 4) and by Absorption (Non-Utilized, Utilized). Market Volume in Megawatt (MW) is presented. Key Data Points observed include IT load capacity for existing and upcoming data centers, current and upcoming hotspots, average mobile data consumption, volume of fiber cable connectivity in KM, existing and upcoming submarine cables, rack space utilization, and number of data centers by tier.

The Italy data center market size reached US$ 7.05 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.80% during 2024-2032. There are various factors that are driving the market, which include the rising focus on market expansion among key players, increasing utilization of smartphones and internet facilities, and adoption of cloud services.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, type, enterprise size, and end user.

The size and share of the market is categorized based on Application (Data centers, Cloud computing, Enterprise IT infrastructure, AI and machine learning) and Product (Servers, Storage systems, Networking equipment, Data processing software, Cloud services) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The data catalog market size was valued at USD 3.51 billion in 2024 and is expected to cross USD 152.27 billion by the end of 2037, expanding at more than 33.3% CAGR during the forecast period i.e., between 2025-2037. North America industry is projected to hold largest share of 33% by 2037, owing to increasing penetration of business intelligence tools in the region.

Global Data Mesh Market Share size & share value expected to touch USD 3,375.87 Million by 2032, to grow at a CAGR of 16.3% during the forecast period.

From 2020 to 2022, the total enterprise data volume will go from approximately one petabyte (PB) to 2.02 petabytes. This is a 42.2 percent average annual growth over these two years. It is worth noting that internally managed data centers will continue to be the locations in which most of the data will be stored.

Costa Rica CR: GDP: Growth: Volume: Final Consumption Expenditure: Private: Double Hit Scenario data was reported at 1.341 % in 2021. This records an increase from the previous number of -1.995 % for 2020. Costa Rica CR: GDP: Growth: Volume: Final Consumption Expenditure: Private: Double Hit Scenario data is updated yearly, averaging 3.987 % from Dec 1992 (Median) to 2021, with 30 observations. The data reached an all-time high of 9.586 % in 1992 and a record low of -1.995 % in 2020. Costa Rica CR: GDP: Growth: Volume: Final Consumption Expenditure: Private: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Costa Rica – Table CR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

China GDP: Growth: Volume: Double Hit Scenario data was reported at 4.505 % in 2021. This records an increase from the previous number of -3.670 % for 2020. China GDP: Growth: Volume: Double Hit Scenario data is updated yearly, averaging 9.135 % from Dec 1993 (Median) to 2021, with 29 observations. The data reached an all-time high of 14.229 % in 2007 and a record low of -3.670 % in 2020. China GDP: Growth: Volume: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Costa Rica CR: GDP: Growth: Volume: Gross Fixed Capital Formation data was reported at 6.565 % in 2026. This records an increase from the previous number of 6.181 % for 2025. Costa Rica CR: GDP: Growth: Volume: Gross Fixed Capital Formation data is updated yearly, averaging 4.838 % from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 28.731 % in 1992 and a record low of -12.619 % in 2009. Costa Rica CR: GDP: Growth: Volume: Gross Fixed Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Costa Rica – Table CR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. ITV_ANNPCT - Gross fixed capital formation, total, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Costa Rica CR: GDP: Growth: Volume: Final Domestic Expenditure data was reported at 3.575 % in 2026. This records an increase from the previous number of 3.074 % for 2025. Costa Rica CR: GDP: Growth: Volume: Final Domestic Expenditure data is updated yearly, averaging 4.067 % from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 11.974 % in 1992 and a record low of -5.044 % in 2020. Costa Rica CR: GDP: Growth: Volume: Final Domestic Expenditure data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Costa Rica – Table CR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. FDDV_ANNPCT - Final domestic expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.