target audience: TECH SUPPLIER Publication date: Jul 2022 - Document type: Market Forecast - Doc Document number: # US48083022
Worldwide Big Data and Analytics Software Forecast, 2022–2026
This IDC study presents the historical view of the worldwide BDA software market for 2017–2021 and the forecast of the market for 2022–2026. The study includes a breakdown of the market by five segments. Each of these segments are further categorized into subsegments, three geographic regions, and two deployment methods (public cloud and on premises/other). The study also includes a discussion of key market drivers and inhibitors as well as guidance to vendors.
"Big data and analytics software and cloud services market reached $90 billion in 2021, and it is expected to more than double by 2026. Demand for decision support, decision augmentation, and decision automation technology remains very strong despite short-term macroeconomic and geopolitical headwinds," said Raymond Huo, senior research analyst, and Dan Vesset, group vice president, Business Analytics and Decisioning Software.