PUBLISHER: IDC | PRODUCT CODE: 1317023
PUBLISHER: IDC | PRODUCT CODE: 1317023
Worldwide Big Data and Analytics Software Forecast, 2023-2027
This IDC study presents the historical view of the worldwide BDA software market for 2018-2022 and the forecast of the market for 2023-2027. The study includes a breakdown of the market into five segments. Each of these segments are further categorized into subsegments, three geographic regions, and two deployment methods (public cloud and on premises/others). The study also includes a discussion of key market drivers and inhibitors as well as guidance to vendors. "The size and complexity of the data environment are expanding alongside the demand to activate all the data and derive value from it to ensure differentiation in the digital business era," said Dan Vesset, group VP of IDC's Data and Analytics market research practice. "We expect to see continued strong demand across big data and analytics market segments, from platforms for data management to tools for BI and data science and packaged analytics applications and decision intelligence solutions."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
- Drivers and Inhibitors
- Drivers
- Availability of GenAI Functionality
- Continued Growth in Data Warehouse and Data Lakehouse Adoption
- Demand for Hybrid Cloud Architectures
- Inhibitors
- Macroeconomic and Geopolitical Disruptions
- Cloud Migration and Adoption
- Drivers
- Significant Market Developments
- Changes from Prior Forecast
Market Definition
- Business Intelligence and Analytics Tools and Platforms
- Business Intelligence Software
- Advanced and Predictive Analytics Software
- Analytic Data Management and Integration Platforms
- Relational Data Warehouses
- Nonrelational Analytic Data Stores
- Analytic Data Integration and Integrity Tools
- Continuous Analytics Tools
- Enterprise Performance Management and Analytic Applications
- Enterprise Performance Management Applications
- Analytic Applications
- Production Planning Applications
- Workforce Analytic Applications
- Supply Chain and Product Analytic Applications
- Services Operations Analytic Applications
- Customer Relationship Analytic Applications
- Artificial Intelligence Software Platforms
- Location and Geospatial Data Management and Analytics Software
Methodology
- Historical and Forecast Market Values and Exchange Rates
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