The size of the Data Engineering market in India is USD 18.2 billion in 2022. This is predicted to grow at a CAGR of 36.7% in the next five years to reach USD 86.9 billion by 2027.
The analytics industry recorded a substantial increase of 34.5% on a year-on-year basis in 2022, with the market value reaching USD 61.1 billion.
The data science/analytics jobs figure for April 2022 witnessed a 30.1% increase in open jobs compared to last year (April 2021).
There has been a considerable growth in median salary to INR 16.8 lakhs per annum, up by 25.4% compared to last year.
The attrition rate for data science/analytics professionals for the year 2021 stood at 28.1%, up from 16.0% in 2020.
The total funding in 2021 was $1,108 Mn, a growth rate of 32.5% on a Y-o-Y basis. This growth indicates a strong outlook of start-ups in the AI and Analytics ecosystem.
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