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Worldwide Advanced and Predictive Analytics Software Forecast, 2018–2022

Worldwide Advanced and Predictive Analytics Software Forecast, 2018–2022

This IDC study presents the historical view of the worldwide APA software market for 2013–2017 and the forecast of the market for 2018–2022. The study includes a breakdown of the market by three geographic regions and public cloud versus on-premises/other software deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance for vendors."The APA software market, which in 2017 reached $3.1 billion worldwide, is expected to grow at a five-year CAGR of 9.4%. Sophisticated analytical techniques are being embedded into more and more applications," said Chandana Gopal, research manager, Analytics and Information Management. "Forward-looking analytics is going to become much more mainstream, as enterprises are able to harness more and more data from a variety of sources."


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation Is Driven by Data and Analytics
The Increasing Volume and Variety of Data Will Require APA Techniques
Inhibitors
Open Source Will Erode Commercial Software Usage
Shortage of Data Scientists Will Impede Growth
Significant Market Developments
Changes from Prior Forecast
Market Definition
Advanced and Predictive Analytics Software
Methodology
Historical Market Values and Exchange Rates
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