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Big data and analytics spending to hit US$187 billion

Thor Olavsrud | May 25, 2016
In its new "Worldwide Semiannual Big Data and Analytics Spending Guide," research firm IDC forecasts revenues in the market will increase more than 50 percent over its five-year forecast period.

Big data rocking in U.S.A.

Geographically, IDC says more than half of all big data and business analytics revenues will originate in the U.S. By 2019, IDC forecasts the U.S. market will reach more than $98 billion. Western Europe will be the second largest geographic region, followed by Asia/Pacific (excluding Japan) and Latin America. Latin America and the Middle East & Africa will experience the fastest growth over the forecast period, according to IDC.

 

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