target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # US50117823
Worldwide Big Data and Analytics Software Forecast, 2023–2027
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Abstract
This IDC study presents the historical view of the worldwide BDA software market for 2018–2022 and the forecast of the market for 2023–2027. The study includes a breakdown of the market into five segments. Each of these segments are further categorized into subsegments, three geographic regions, and two deployment methods (public cloud and on premises/others). The study also includes a discussion of key market drivers and inhibitors as well as guidance to vendors.
"The size and complexity of the data environment are expanding alongside the demand to activate all the data and derive value from it to ensure differentiation in the digital business era," said Dan Vesset, group VP of IDC's Data and Analytics market research practice. "We expect to see continued strong demand across big data and analytics market segments, from platforms for data management to tools for BI and data science and packaged analytics applications and decision intelligence solutions."