TECH SUPPLIER Dec 2019 - Market Forecast - Doc # EUR145727619

European Analytic Data Management and Integration Platform Forecast, 2019-2023

By: Erica SpinoniResearch Analyst, European Software, David WellsSenior Research Manager, European Big Data and Analytics, Philip CarnelleyAVP, European Software Group

Abstract

This IDC Market Forecast study provides an analysis and sizing of the European analytic data management and integration platform market for 2016-2018 and a forecast for 2019-2023. The study analyzes the market by segment (four major segments), deployment model (PCS and on-premise), and European country (21 countries, plus Central and Eastern Europe).

"In 2019, the European market for analytic data management and integration platforms grew 12% to reach $4.8 billion. We expect continuing strong growth for this market, mostly driven by the increasing need for data analytics, rising interest in cloud applications and analytics, and uptake of nonrelational analytic data stores," said Erica Spinoni, research analyst, European Software. "The increasing volume and variety of data, coupled with the need for real-time analytics, is leading the market toward an impressive cloud deployment growth. Continuous analytics tools and nonrelational analytics data stores will gain importance in the coming years. Furthermore, platform proliferation — coupled with increasing velocity of data collection and data analysis — will increase the demand for end-to-end integrated platforms and for integration software."


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