TECH SUPPLIER Mar 2021 - Market Forecast - Doc # EUR145314420

European Big Data and Analytics Software Forecast, 2020-2024

By: Philip CarnelleyAVP, European Software Group, Wiktor MarkiewiczSenior Research Analyst, Erica SpinoniResearch Analyst, European Digital Transformation Practice

Abstract

This IDC Market Forecast study presents a view of analytics software revenue in Europe from historical year 2019 through to the 2020–2024 forecast period.

"The complexity and scale of data being produced and used by businesses across sectors are more than humans can handle," said Wiktor Markiewicz, senior market analyst, IDC EMEA. "Much of the data already resides in the cloud, and the cloud is the best place for data storage. Also, many organizations have started adopting AI for cloud-based Big Data analytics to tackle data and improve their processes."


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