Big data and analytics market size will reach $187 billion in 2019

The market for big data and analytics will grow from $122 billion in 2015 to $187 billion in 2019. Manufacturing, banking and process manufacturing will be the main investment industries, but the growth rate is the fastest in public utilities, natural resources, medical and banking.

Research firm IDC predicts that the global Big Data and Analytical market will grow by more than 50% in five years from $122 billion in 2015 and reach $187 billion by the end of 2019.

Service-related expenditures will account for the bulk of the overall market, with IT services as the top priority, more than three times the size of commercial services, and software next to services. It is estimated to reach $550 in 2019, while software-related expenditures In the end, end-user queries, reporting and analysis tools, data warehousing, etc. will account for nearly half of the overall software expenditure. Big Data's analysis-related hardware market is estimated to reach $28 billion.

Big data and analytics market size will reach $187 billion in 2019

From the perspective of the types of industries that invest in Big Data and analytical applications, discrete manufacturing, banking and process manufacturing will be the three major investment industries, with estimated purchases of $22.8 billion, $22.1 billion, and $16.4 billion, respectively. In terms of growth rate, utilities, natural resources industries, medical and banking industries will grow the fastest, but in the current market, the growth of all industries will grow more than 50 in five years. %.

From the perspective of enterprise scale, large enterprises are undoubtedly still the main consumers. The Big Data analysis expenditure of up to 140 billion US dollars will come from large enterprises, while the small and medium-sized enterprises with less than 500 people will only account for the overall market. One of the strong.

Like other IT solution categories, the US will remain the largest market for Big Data and analytics applications, followed by Western Europe, Asia Pacific and Central and South America.

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