It’s expected that by fiscal year 2025, six billion consumers will interact with data every day. Further, “each connected person will have at least one data interaction every 18 seconds.” If we just look at Internet of Things (IoT) devices, it’s expected to create over 90 zettabytes (ZB) of data by FY2025. This is a big enough reason to consider some possible exposure to big data stocks.
Looking further, the International Data Corporation (IDC) estimated that 59ZB of data “will be created, captured, copied and consumed” in FY2020. Estimates suggest that global data storage is projected to exceed 200ZB by FY2025. Clearly, with the growth of 5G and IoT, among others, the amount of data is surging.
This implies strong potential growth for companies that are involved in data storage, management and analytics. This article will discuss seven big data stocks that are worth considering to benefit from positive industry tailwinds.
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