TECH SUPPLIER Mar 2020 - Market Forecast - Doc # EUR146136720

Nordic Big Data and Analytics Software Forecast, 2019-2023

By: Martin SundbladResearch Manager


This IDC Market Forecast study presents a view of BDA revenue in Nordics from historical year 2018 to the 2019–2023 forecast period.

"The Nordic market for Big Data and analytics software reached $1.8 billion in 2019, and it is expected to continue growing. Recent developments in COVID-19 strains all predictions, and we will update this forecast as soon as there is a possibility to have a reasonable basis for a new forecast. The current and most likely scenario is a reasonably swift return to growth. Growth drivers for BDA software and services is strong. Suppliers must look beyond the current crisis and prepare for different growth scenarios, taking the opportunity to overcome their shortcomings that were previously inhibitors to growth," said Martin Sundblad, research manager, IDC Nordics.



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