India is the world biggest democracy, the second most populated country (1.27 billion inhabitants), the third largest economy in the world (in PPP terms), the fastest-growing large economy with around 7% GDP growth p.a., and nominal GDP per capita of around €1,800 (roughly 24% the EU average in PPP terms).
Big data in education can help universities and colleges transform their business models, students’ academic outcomes, and professors’ effectiveness. Additionally, insights derived from big data can help educational institutions improve their technology systems. Professionals with a knowledge of data science and analytics are key participants in transforming the education field. Individuals interested in helping universities and colleges understand the value of data and analytics may benefit from various degrees.
The article offers a detailed analysis of how the data science education sector in India is shaping the country. It likewise gives authoritative information concerning the market, its size, forecast, top institutes, top hiring companies, top roles and job profiles along with salaries, different platforms, etc. of the industry.
The popularity of data science education has soared over the last few years. Subsequently, the field’s job prospects have also gone up, with companies worldwide looking to hire skilled professionals to drive business processes.
Universities rely on different technology systems to run various aspects of their organization. This can result in siloed systems that do not communicate with each other. Data Science provides academic institutions with opportunities to integrate critical systems, applications, and platforms. This in turn allows them to create efficiencies and reduce costs.
This article concludes that the market size of the Data Science Education Sector in India is estimated to grow from US$143.48 million in 2021 to US$928.55 million in 2026, with a CAGR of 57.52%.The Compound Annual Growth Rate (CAGR) is the annualized average rate of revenue growth between two given years, assuming growth takes place at an exponentially compounded rate.
The popularity of data science is elevating, and it’s easy to understand why. A skilled data science graduate who can interpret and extract meaning from data has become more important as data becomes more valuable to businesses across the globe. Statistics and computer science are both components of data science, so it is an excellent choice for those with an analytical mind, a love of computing, and a fascination with numbers.
The article also analyzed both online and offline platforms of educational training. On-campus education training is estimated to grow at a CAGR of 56.73% to US$572.28 million in 2026. Similarly, the online education market will grow from US$52.81 million in 2021 to US$356.27 million in 2026, at a CAGR of 58.82%.
Even though the education industry is ceaselessly producing huge amounts of information, the use of big data analytics is yet to pick up force compared to areas like media, healthcare, digital marketing, and more. There is a flourishing eagerness in the big data education sector in India to infer value that can be applied for the all-encompassing advancement of the economy.