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Q4 2023
Launch Report: Data Analytics
March 28, 2024
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Table of contents
Mining the data analytics vertical
The data analytics vertical has reliably produced some of the largest, highest-growth new companies of recent decades, from Snowflake to Palantir. Our first-ever Data Analytics report outlines the trends and critical opportunities that will define the industry in years to come.
- We estimate that the data analytics market attracted $201.8 billion in spending in 2023 and will grow at an 18.1% CAGR through 2026.
- Since 2019, data analytics companies have raised between 19% and 22% of global software funding each year—demonstrating consistent investor commitment to the space.
- Generative AI offers new opportunities for innovation and investment in conventional data analytics categories such as data lakes and business intelligence.
Table of contents
| Vertical overview | 3 |
| 2023 timeline | 6 |
| Data analytics landscape | 7 |
| Data analytics VC ecosystem market map | 8 |
| VC activity | 9 |
| Segment overview | 11 |
| Data infrastructure | 12 |
| Analytics platforms | 20 |
| Vertical applications | 27 |
| Appendix | 35 |