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
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Abstract
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.