Big data and analytics revenues continue to rise

The next few years should bring a steady growth in the big data and analytics market, with most customer spending happening on-prem. Big data and business analytics (BDA) has been identified as a major source of income for the channel and the market continues to grow by double digits.

An analysis of the market from IDC indicated that last year saw 12% growth over last year and forecasts have that level, 13.2% on a compound annual rate, will continue through to 2022. IT services will be the largest category in the big data and analytics market, followed by hardware and then business services. “Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data and related analytics and insights,” said Dan Vesset, group vice president, analytics and information management at IDC.

Author: Simon Quicke

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