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European Predictive, Advanced and Visual Analytics Software Forecast, 2024–2028

Publisher IDC
Published Nov 14, 2024
Length 21 Pages
SKU # IDC19325012

Description

European Predictive, Advanced and Visual Analytics Software Forecast, 2024–2028


This IDC Market Forecast presents the value of the European predictive, advanced, and visual analytics software market in 2023 and projects revenues over the 2024–2028 period. This document, produced in September 2024, includes the macroeconomic and market implications of geopolitical developments, including the Russia-Ukraine war."The predictive, advanced, and visual analytics software market is expected to outperform both the GDP growth rate and overall IT market growth rate in Europe over the coming years. The rapid adoption of data-driven strategies, the focus on digital transformation, and the increasing role of AI and machine learning in analytics are driving this growth trajectory." — Senior Market Analyst Wiktor Markiewicz, IDC EMEA

Table of Contents

21 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Predictive, Advanced, and Visual Analytics Software Market Breakdown

End-User Query, Reporting, and Analysis Tools

Advanced and Predictive Analytics Tools

Spatial and Location Analytics Tools

Regional Distribution

Deployment Type

Market Context

Drivers and Inhibitors

Drivers

The Increasing Volume of Data Generated and the Positive Impact of Generative AI

Lowered Costs of Integration and Customization

Democratization of Analytics

Inhibitors

Geopolitical Situation

Lack of Data-Skilled Personnel

Significant Market Developments

Changes from Prior Forecast

Market Definition

End-User Query, Reporting, and Analysis Software

Advanced and Predictive Analytics (APA) Software

Spatial and Location Analytics Tools

Methodology

Related Research

Pricing

Currency Rates
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