Data specialist is thriving in a booming market (Updated)
The growth potential of this provider of sophisticated data solutions seems considerable as it expands around the world adding new technology and service partners. News of further significant contract wins and a positive full year results bodes well and the shares look poised to move higher. The launch of a new fraud data platform also expands its activities into a market, worth $18bn+ annually. Our updated research here highlights the appeal and covers the most recent trading update.
The data and analytics market encompasses 'big data', artificial intelligence, machine learning and the business intelligence market. It is estimated to be valued at U$189 billion by the global independent analyst International Data
Corporation (IDC), with projected growth of 13.2% annually until 2022, by which time it will have grown to U$274 billion.
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