Worldwide Big Data and Analytics Software Forecast, 2018–2022
This IDC study presents the historical view of the worldwide BDA software market for 2013–2017 and the forecast of the market for 2018–2022. The study includes a breakdown of the market by 16 subsegments, 3 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 to vendors."The big data and analytics software market, which in 2017 reached $54.1 billion worldwide, is expected to grow at a five-year CAGR of 11.2%. There are three significant shifts happening in the BDA software market that are reflected in this forecast: First, the increasing importance of data in the modern enterprise; second, the ongoing shift to public cloud; and third, growth of artificial intelligence (AI)/machine learning (ML) embedded within enterprise applications," said Chandana Gopal, research manager, IDC's Business Analytics Solutions.
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