This IDC study presents the historical view of the worldwide BDA software market for 2012–2016 and the forecast of the market for 2017–2021. The study includes a breakdown of the market by 14 subsegments, 3 geographic regions, and public cloud versus on-premises/other software deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance to vendors.
"The BDA software market, which in 2016 reached $49.1 billion worldwide, is expected to grow at a five-year CAGR of 10.6%. There are three significant shifts happening in the BDA market that are reflected in this forecast: first, the rapid growth of data management software based on nonrelational databases; second, the ongoing shift to public cloud; and third, growth in automation reflected in the high growth rate of cognitive/AI software," said Chandana Gopal, research manager, IDC's Business Analytics.
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