The expectations and opportunities are huge within the Big Data and Business Analytics industry in our digital-driven era, where the United States will be the largest market for big data and business analytics solutions with spending forecast to reach $78.8 billion in 2017, according to IDC.
The firm forecasts worldwide revenues for big data and business analytics (BDA) to reach $150.8 billion in 2017. Commercial purchases of BDA-related hardware, software, and services are expected to maintain a compound annual growth rate (CAGR) of 11.9% through 2020 when revenues will be more than $210 billion.
Research, findings and data converge on the trend that, the second largest region will be Western Europe with spending of $34.1 billion in 2017, followed by Asia/Pacific (excluding Japan) at $13.6 billion. Latin America and APeJ will experience the fastest growth in BDA spending.