Menu
​Business analytics becomes backbone of business as market spending skyrockets

​Business analytics becomes backbone of business as market spending skyrockets

“Talent shortage coupled with the high interest in adoption of new technologies will continue to drive high growth in business analytics services spending at the worldwide level."

Worldwide business analytics services spending will reach $US58.6 billion in 2015 and $US101.9 billion in 2019, representing a compound annual growth rate (CAGR) of 14.7 percent.

In a newly released study, IDC forecasts the adoption of new technologies and lack of internal skill sets will drive increased external spending on business analytics services throughout the forecast period.

“Talent shortage coupled with the high interest in adoption of new technologies will continue to drive high growth in business analytics services spending at the worldwide level,” says Ali Zaidi , Research Manager, IT Consulting and Systems Integration Services, IDC.

“In addition, the desire to consume the entire lifecycle of business analytics services will drive high spending growth across all business analytics services lines in the near future.”

Zaidi says the overall five-year CAGR for project-based business analytics services will be 14.3 percent. Within the project-based services segment, IT consulting (ITC) services will realise strong growth at 15.1 percent in 2015.

Going forward, IDC forecasts that the five-year CAGR for the outsourcing segment will be 13 percent - growth in business process outsourcing (BPO) services will lead within the segment at 13.6 percent in 2015.

For Zaidi, business analytics has become a backbone technology when it comes to implementing 3rd Platform technologies.

“Few 3rd Platform initiatives can be carried out without involving business analytics solutions in some form,” Zaidi adds.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Cloudbig dataanalyticsIDCInternet of Things

Featured

Slideshows

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments