Ahead of the Fed meeting this week, the stock market is witnessing significant volatility, and tech stocks have been on a downtrend on investors’ concerns over looming interest rate hikes. However, the big data segment of the broader technology sector is well-positioned to continue growing as enterprises rely more on data-driven decision-making, analytics, and artificial intelligence (AI).
With remote lifestyles becoming the new normal and with continuing technological advancements, the demand for big data should continue increasing. According to a Fortune Business Insights report, the global big data analytics market is expected to reach $549.73 billion in 2028, growing at a 13.2% CAGR.
