Worldwide revenues for big data and business analytics will grow from nearly $122 billion in 2015 to more than $187 billion in 2019, according to a new report from International Data. Corp. (IDC). That represents an increase of more than 50 percent over the five-year forecast period.
The industries that will spend the most on big data and analytics technologies include discrete manufacturing ($22.8 billion in 2019), banking ($22.1 billion) and process manufacturing ($16.4 billion). Four other sectors, federal/central government, professional services, telecommunications and retail, will spend more than $10 billion in 2019.
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