Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era. Under an aspirational forecast scenario, which assumes that the COVID-19 virus is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

In the modern world characterized by connectivity and different devices, making intelligent use of big data is turning out to be a breakthrough for many industries. With the increasing damage meted on humanity and economy by COVID-19, the need to have access to big data and technology in general due to social distancing and lockdown has changed many things in different industries. With the changes, some of which may appear temporary but will be permanent going into the future, a company that manages to utilize data will rule.

Big data has emerged as one of the leading areas that people hope will give a solution in the fight against the coronavirus pandemic. This is happening at a time when professionals in healthcare and other sectors are trying to bring their heads together to identify the solution to one of the biggest pandemics of our generation. Researchers are banking on big data to help in limiting the spread of the virus even as the number confirmed cases keep rising every minute.