Market Research Report
Worldwide Big Data and Analytics Software Forecast, 2019-2023
|Published by||IDC||Product code||535167|
|Published||Content info||14 Pages
Delivery time: 1-2 business days
|Worldwide Big Data and Analytics Software Forecast, 2019-2023|
|Published: September 4, 2019||Content info: 14 Pages||
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.