BVM June 2016 - page 10

10 Business View Magazine - June 2016
According to the new Worldwide Semiannual Big
Data and Analytics Spending Guide from Internation-
al Data Corporation (IDC), worldwide revenues for
big data and business analytics will grow from nearly
$122 billion in 2015 to more than $187 billion in 2019,
an increase of more than 50 percent over the five-year
forecast period. The new Spending Guide expands
on IDC’s previous forecasts by offering greater rev-
enue detail by technology, industry, and geography.
The services-related opportunity will account for
more than half of all big data and business analytics
revenue for most of the forecast period, with IT Ser-
vices generating more than three times the annual
revenues of Business Services. Software will be the
second largest category, generating more than $55
billion in revenues in 2019. Nearly half of these rev-
enues will come from purchases of End-User Query,
Reporting, and Analysis Tools and Data Warehouse
Worldwide Big Data and Business
Analytics Revenues Forecast to
Reach $187 Billion in 2019,
According to IDC
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