Analytics sector to touch $16 bn by 2025: NASSCOM

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Indian analytics industry is expected to touch $ 16 billion by 2025 from the current level of $2 billion, Nasscom vice-president KS Viswanathan has said. He was speaking at the fourth edition of the two-day Big Data & Analytics Summit 2016 which was inaugurated by the National Association of Software and Services Companies (NASSCOM) here on Thursday. ‘’India is currently amongst the top 10 analytics destinations in the world with over 600 analytical firms, of which 400 are start-ups. Our aspiration is to be amongst the top 3 destinations in the world by 2025,” Viswanathan said.

 

There are currently 90,000 analytics professionals in India working across HR, marketing, risk & security, healthcare and other sectors. The analytics sector is predicted to witness eight-fold growth by 2025, a growth that NASSCOM says will reflect in job creation. “The growth trajectory shows that India will soon emerge as a big data and analytics hub of the world,” NASSCOM former chairman BVR Mohan Reddy said.

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