The advent of social media has resulted in unprecedented volumes of user data, which has become a valuable resource in and of itself. Corporations are willing to pay a high price for access to this data to use it for targeted advertising and a better understanding of a specific group of people. According to MarketsandMarkets, the big data industry will be worth $229.4 billion by 2025, with a CAGR of 10.6%. The proliferation of the Internet of Things (IoT) devices and organizations’ greater reliance on their own data are the key drivers of this expansion. By 2027, the big data market is anticipated to be worth $116 billion. By 2023, machine-to-machine (M2M) connections will be the most popular. By the end of 2023, the total number of internet users worldwide is expected to reach 5.3 billion, with a CAGR of 6%.
Here is Insider Monkey’s list of the 15 Most Valuable Data Companies In The World. The first enterprise data cloud, Cloudera, was presented to the market. Customers can use its platforms to get services like data storage and machine learning to help them make decisions. The company’s products are compatible with popular platforms like Amazon Web Services and Microsoft Azure. Alteryx, Inc. is one of the most well-known data management companies. In the first quarter, 35 hedge funds held a position in Alteryx. However, in the second quarter, 33 hedge funds held a holding. Bares Capital Management is the company’s largest shareholder, owning 4.4 million shares worth $377.3 million. Web and application owners can track their goods with New Relic, Inc. Its services provide customers with less expensive options to well-known market participants. For its SaaS platform, the firm has partnered with AWS, Azure, IBM, and other major vendors. Workiva Inc. is a software company that focuses on the financial and accounting industries. It is well-known for being the first company to submit electronic corporate filings to the Securities and Exchange Commission in the XBRL format. Elastic N.V. is a company that specializes in big data analytics. Elasticsearch is the company’s own search engine, which it built and runs. This engine is a component of the company’s Elastic Stack, which allows clients to store data. For more details, click 15 Most Valuable Data Companies In The World.