Worldwide Big Data and Analytics Software Forecast, 2020-2024

This IDC study presents the historical view of the worldwide BDA software market for 2014-2019 and the forecast of the market for 2020-2024. 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 worldwide BDA software market represented about 11.9% of the total worldwide software market in 2019 and is forecast to grow 3.5 percentage points faster than the worldwide software market during the 2019-2024 period." - Chandana Gopal, research director, IDC's Business Analytics

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

• Drivers and Inhibitors
  • Drivers
    • Digital Transformation Continues to Spur Growth Across All BDA Software Markets
    • Demand for Cloud-Based Software Services Continued at a Strong Pace
    • Increased AI/ML-Infused BDA Offerings Broadens User Base
  • Inhibitors
    • COVID-19 Has Increased Demand for Flexible Pricing and Bundling Options with BDA Technologies
    • Lack of Trust in AI/ML Will Inhibit Adoption
• Significant Market Developments
• Changes from Prior Forecast

Market Definition

Methodology

• Historical and Forecast Market Values and Exchange Rates

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