Big Data, Business Analytics revenue to hit $260 billion in 2022

Date posted: Friday 17 August 2018

Worldwide revenues for Big Data and Business Analytics (BDA) solutions will reach $260 billion in 2022 with a compound annual growth rate (CAGR) of 11.9 per cent over the 2017-2022 period, according to a new forecast from International Data Corporation (IDC). The industries making the largest investments in Big Data and Business Analytics solutions throughout the forecast period are banking, discrete manufacturing, process manufacturing, professional services, and federal/central government. The US is by far the largest geographic market, delivering nearly $88 billion in BDA revenues this year and more than half of the worldwide total throughout the five-year forecast. Western Europe is the second largest geographic market with 2018 revenues expected to reach $35 billion, followed by the Asia/Pacific region with $23.9 billion.

(Financial Express)

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