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The large-scale analytics and intelligent automation services market has been generating robust growth over the past few years. The global big data market is projected to reach $234.6 billion by 2026, growing at a 10.2% CAGR. Furthermore, the big data market in the United States is expected to hit an estimated $50.1 billion this year. The industry’s robust growth prospects should drive IBM and AYX’s performance in the coming months.
IBM stock has gained 3.1% in price over the past six months, while AYX has shed 17.7% over this period. Also, IBM’s 7% gains year-to-date compare with AYX’s 42.6% slump. And in terms of their past year’s performance, IBM is the clear winner with 11.7% gains versus AYX’s 36.8% slump.
