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Worldwide Big Data, Business Analytics Revenues to Hit $260 Billion By 2022: IDC

A new update to the Worldwide Semiannual Big Data and Analytics Spending Guide from International Data Corporation (IDC) forecasts 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 percent over the 2017-2022 forecast period. BDA revenues are expected to total $166 billion this year, an increase of 11.7 percent over 2017.

Lane CooperAugust 17, 2018IDC, Big Data, Business analytics, BDA, banking, discrete manufacturing, process manufacturing, professional services, government