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Worldwide Big Data and Analytics Software Forecast, 2019–2023

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.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation Is Impacting Enterprises of All Sizes
Availability of AI/ML Technology to Embed in Other Software
Demand to Extend Across More Analytics and Decision Support Use Case Patterns
Inhibitors
Data Management Complexity
Pricing Pressure
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Historical and Forecast Market Values and Exchange Rates
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