Worldwide Big Data and Analytics Software Forecast, 2019–2023
This IDC study presents the historical view of the worldwide BDA software market for 2013–2018 and the forecast of the market for 2019–2023. The study includes a breakdown of the market by 14 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 2018 reached $60.7 billion worldwide, is expected to grow at a five-year CAGR of 12.5%. 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/machine learning (ML) as enabling technology within data management and analytics software," said Chandana Gopal, research director, IDC's Business Analytics Solutions.
Please Note: Extended description available upon request.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook