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TECH SUPPLIER Oct 2018 - Market Forecast - Doc # EMEA43323118

Western Europe Big Data and Analytics Forecast, 2018-2022

By: Helena Schwenk

Abstract

This IDC study presents a view of BDA revenue in Western Europe from historical year 2017 through to the 2018–2022 forecast period.

"The Western Europe BDA software market, which in 2017 reached $14.1 billion, is expected to grow with a five-year CAGR of 9.2%. At a time of digital transformation, we see three significant developments impacting the BDA market: the increasing interest in machine learning and advanced analytics technologies as organizations look to drive deeper value and insight from data; the need to embrace different architectural and cloud deployment options to support the volume, variety, and distributed nature of data; and the move to facilitate greater access to business insights to support data-driven decision making at all levels of the organization," said Helena Schwenk, research manager, IDC's European Intelligent Big Data and Analytics.


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