Jul 2017 - Market Forecast - Doc # US42891017
Worldwide Big Data and Analytics Software Forecast, 2017–2021
By: Chandana GopalResearch Manager, Business Analytics, Dan VessetGroup Vice President, Analytics and Information Management, Carl W. OlofsonResearch Vice President, Data Management Software, David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems, Stewart BondResearch Director, Data Integration and Data Integrity Software, Maureen FlemingProgram Vice President, Integration and Process Automation
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.