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- Robust expansion trajectory: The global data management and analytics market is set for significant growth, projected to expand from 409.3B in 2024 to 876.6B by 2029, showcasing a strong compound annual growth rate (CAGR) of 16.5%.
- AI as a core catalyst: This sustained growth is heavily influenced by the integration of AI into foundational data layers, with enterprises increasingly adopting AI-native architectures, AI-specific data tool chains, and generative AI itself to drive modernization and real-time decision-making.
- Resilient demand despite headwinds: Despite current macroeconomic pressures and geopolitical disruptions, the market demonstrates resilience, particularly fueled by demands in sectors like communication, media & telecom, banking, financial services, and insurance, and product-based industries seeking to activate data for competitive advantage.