Global Data Volume to Reach 163ZB in 2025
In recent years, with the impetus of artificial intelligence, AIoT, cloud computing and other technologies, the global data volume is expanding and increasing without limit. According to the statistics and forecasts of international authority Statista
, the global data volume will reach about 41ZB1 in 2019.
Statistics from international data company IDC show that nearly 90% of the world's data will be generated in these years, and it is expected that the global data volume will increase tenfold to 163ZB by 2025 compared with 16.1ZB in 2016.
Note: ZB, i.e., ten trillion billion bytes
Big Data Market Size to Grow at a CAGR of about 15.33%
A report released by Statista, an international authority, in August 2019, shows that the revenue size of the global big data market is projected to reach US$56 billion by 2020, growing from the expected level in 2018 by about 33.33%, doubling the market revenue size from 2016. With the growing maturity of the market as a whole and the continuous integration and development of emerging technologies, the big data market is expected to show steady growth in the future, with the growth rate maintained at around 14%. During the forecast period of 2018-2020, the overall revenue size of the big data market will maintain an annual growth of about $7 billion, with a CAGR of about 15.33%.
From the perspective of the legal and regulatory system, China's data security laws and regulations are still not perfect, showing a lack of comprehensive and unified laws, a lack of explanation of the details of the law, and insufficient coordination between the protection and development, etc. In 2018, the "draft laws that are more mature in terms of conditions and that are to be put forward for consideration during the term of office" in the legislative plan of the Standing Committee of the 13th National People's Congress (NPC) " includes two parts of the Personal Information Protection Law and the Data Security Law. The era of comprehensive legislation on personal information and data protection is approaching.
For more data and analysis, please refer to China's Big Data Industry Development Prospect and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.