
TECH SUPPLIER Nov 2019 - Market Forecast - Doc # EUR145601519
Western Europe Big Data and Analytics Software Forecast, 2018-2023
By: David Wells Senior Research Manager, Erica Spinoni Research Analyst, European Software
Abstract
This IDC Market Forecast study presents a view of BDA revenue in Western Europe from historical year 2017 through to the 2018–2023 forecast period.
"The Western Europe BDA software market, which in 2018 reached $14.6 billion, is expected to grow with a five-year CAGR of 8.2%. At a time when digital transformation is becoming an increasingly mandatory course of action, significant developments impact the BDA market. First, investments in BDA will be boosted by the availability of functionality to semi-automate and offer users automated guidance in many steps of the analytics life cycle, from data location and ingestion through to advanced analytics, improving adoption speed and business value. Second, the availability of end-user-comprehensible repositories of information about data that is being analyzed and how it is already being used — and could be used in the future — will become a key differentiator. Third, as organizations are increasingly adopting hybrid and multicloud solutions, either as a strategic decision or organically, vendors will need to offer good multicloud support," said David Wells, senior research manager, European Big Data & AI.
Coverage
Subscriptions Covered
European Intelligent Big Data and Analytics
Regions Covered
Topics Covered
Analytic applications, Big data analytics and discovery, Cognitive/artificial intelligence
Content
List of Tables
List of Figures
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