BVM June 2016 - page 11

Business View Magazine - June 2016 11
Management Tools. Hardware spending will grow to
nearly $28 billion in 2019.
The industries that present the largest revenue op-
portunities are Discrete Manufacturing ($22.8 billion
in 2019), Banking ($22.1 billion), and Process Manu-
facturing ($16.4 billion). Four other industries – Fed-
eral/Central Government, Professional Services,
Telecommunications, and Retail – will generate rev-
enues of more than $10 billion in 2019. The indus-
tries experiencing the fastest revenue growth will be
Utilities, Resource Industries, Healthcare, and Bank-
ing, although nearly all of the
industries profiled in the new
Spending Guide will see gains
of more than 50 percent over
the five year forecast period.
Large and very large compa-
nies (those with more than
500 employees) will be the
primary driver of the big data
and business analytics oppor-
tunity, generating revenues
of more than $140 billion in
2019. However, small and me-
dium businesses (SMBs) will
remain a significant contribu-
tor with nearly a quarter of the
worldwide revenues coming from companies with
fewer than 500 employees.
“Organizations able to take advantage of the new gen-
eration of business analytics solutions can leverage
digital transformation to adapt to disruptive changes
and to create competitive differentiation in their mar-
kets,” said Dan Vesset, Group Vice President, Analyt-
ics and Information Management. “These organiza-
tions don’t just automate existing processes – they
treat data and information as they would any valued
asset by using a focused approach to extracting and
developing the value and utility of information.”
“There is little question that big data and analytics
can have a considerable impact on just about every
industry,” added Jessica Goepfert, Program Director,
Customer Insights and Analysis. “Its promise speaks
to the pressure to improve margins and performance
while simultaneously enhancing responsiveness and
delighting customers and prospects. Forward-think-
ing organizations turn to this technology for better
and faster data-driven decisions.”
From a geographic perspective, more than half of all
big data and business analytics revenues will come
from the United States. By 2019, IDC forecasts that
the U.S. market for big data and business analytics
solutions will reach more than $98 billion. The second
largest geographic region will be Western Europe,
followed by Asia/Pacific (excluding Japan) and Latin
America. The two regions with the fastest growth
over the five year forecast period will be Latin Ameri-
ca and the Middle East & Africa.
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