Asia/Pacific (Excluding Japan) Business Analytics Software Forecast, 2016–2020
This IDC report presents a historical view of the Asia/Pacific (excluding Japan) (APEJ) business analytics software market in 2015 and a forecast of the market from 2016 to 2020. The study also includes a breakdown of the market by 16 subsegments and 5 subregions, namely, Australia/New Zealand (ANZ), India, Korea, Greater China, and Southeast Asia. It also includes a discussion of developing trends, key market drivers and inhibitors, and guidance to vendors."The business analytics software market in APEJ region grew modestly by only 1.8% in 2015. A greater momentum was achieved in the first half of 2016 in which it grew by 4.3% year over year (YoY). It is expected to complete 2016 with a strong finish at $3.6 billion. IDC expects the business analytics software to be one of the fastest-growing markets in the region over the next five years with an 8.8% compound annual growth rate (CAGR)," says Chris Zhang, research manager for software, IDC Singapore."ANZ and Greater China will be the top revenue contributors, whereas high growth can be expected from India and the emerging Southeast Asian region. Key drivers include continued demand for actionable insights, continued demand for full analytics self-service, and greater availability of analyzable data," says Jessie Cai, senior research manager on big data and analytics and cognitive/artificial intelligence, IDC Singapore.
Please Note: Extended description available upon request.