This IDC study examines the Canadian big data and analytics (BDA) software market in terms of software spending and market drivers and inhibitors, and it replaces our previous forecast.
"The Canadian big data and analytics software market reached $2,641.0 million in 2020 and is expected to grow at a five-year CAGR of 10.0%. As real-time monitoring data becomes pervasive in infrastructure and operations, BDA is a critical market, but addressing poor data maturity and synching analytics initiatives with useful business outcomes are things that Canadian organizations need a huge amount of help with," says Warren Shiau, research vice president, Business Insights, IDC Canada.
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