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

EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
EDGE 2019: Thought leaders share how to build a channel of the future

EDGE 2019: Thought leaders share how to build a channel of the future

Day 2 of EDGE was opened by in-depth research from TRA's Tim Dillon, which outlined the partner view on the channel's future. The following day saw Forrester's Jay McBain and Odgers Berndtson's Tim Sleep conclude the keynote line-up, while HPE and Cisco rounded off the thought leadership.

EDGE 2019: Thought leaders share how to build a channel of the future
Show Comments