This IDC study presents the historical view of the worldwide QRA software market for 2014–2018 and the forecast of the market for 2019–2023. The study includes a breakdown of the market by three 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 QRA software market, which in 2018 reached $12.7 billion worldwide, is expected to grow at a five-year CAGR of 8.4%. Data is the lifeblood of the digital enterprise," said Chandana Gopal, research director, Analytics and Information Management. "Analytics based on this data, and the insights produced by the analytics, are critical for decision making within the enterprise. Analytics have to be embedded within the applications used by knowledge workers to truly democratize access to insights."
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