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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
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Worldwide Big Data and Analytics Software Forecast, 2019-2023
Published: September 4, 2019 Content info: 14 Pages
Description

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.

Table of Contents
Product Code: US44803719

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

Related Research

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