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Worldwide Business Analytics Software Forecast, 2016–2020

This IDC study presents the historical view of the worldwide business analytics software market from 2011 to 2015 and the forecast of the market from 2016 to 2020. The study includes a breakdown of the market by 12 subsegments, three geographic regions, and public cloud versus other deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance to vendors."The business analytics software market, which in 2015 stood at $41.4 billion worldwide, grew 6.5% in 2014 to reach just over $40 billion worldwide. IDC expects the business analytics software market to grow at an 8.0% CAGR over the next five years," said Dan Vesset, group vice president for IDC's Analytics and Information Management Practice.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Belief in the Superiority of Data-Driven Decision Making
Availability of Data
Demand for Self-Service
Inhibitors
Transition from On-Premises to Cloud Deployments
Open Source Technology Options
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Historical Market Values and Exchange Rates
Forecast Market Values and Exchange Rates
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