Central and Eastern Europe Big Data and Business Analytics Market Spending

Expectations and forecasts around Big Data and Business Analytics Market remain very interesting and very exciting on the fact that, worldwide revenues for big data and business analytics (BDA) will grow from $130.10 billion in 2016 to more than $203 billion in 2020, according to IDC.

In the Central and Eastern Europe (CEE) region, BDA revenues are expected to reach $2.73 billion by the end of 2016, representing an increase of 8.9% over the previous year.

I can observe that, in terms of technologies used in BDA deployments, a large portion of spending is focused on IT and business services and hardware (servers and storage), which collectively account for more than 70% of spending.

It is clear that, we are still in the early stages of deployment, and the use cases become more mature.

Among software technologies, the largest share of total spending is for end user query, reporting, and analysis tools (7.8%), followed by data warehouse management tools (6.2%). The remainder of BDA spending was spread thinly among a number of other analytic applications, according IDC.

Currently, more than 50% of big data and analytics spending worldwide is generated in the Unites States.

The Central and Eastern Europe region accounts for a mere 2.1% of global revenues. Among CEE countries, Russia is the clear leader in terms of spending, accounting for more than 36% of the regional total, followed by Poland with more than 26%. The Czech Republic is the third-largest investor in the region and accounts for nearly 13% of the total market.