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How much is the data analytics market worth in 2023?

You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. GlobalData estimates the total data analytics market to have been worth $112.3bn in 2023 and expects it to hit $190bn by 2028.

Why should Startups use data analytics?

Intuition is no longer enough, and we need to find effective means to use data to help unlock insights into user preferences and trends. Overall, by leveraging data analytics, startups can make better-informed decisions that enhance user experiences and drive growth.

Is the data analytics market mature?

GlobalData’s Data Analytics report notes that the data analytics market is relatively mature but that capabilities for prescriptive analytics – the most advanced of the four primary types of data analytics – are still maturing.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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