TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from IDC

Tracker

New IDC Forecast Shows Worldwide Business Analytics Services Spending Will Surpass $100 Billion in 2019

Via IDC

Nov 24, 2015

24 Nov 2015

FRAMINGHAM, Mass., November 24, 2015 – . In a newly released study, International Data Corporation (IDC ) forecasts that worldwide business analytics services spending will reach $58.6 billion in 2015 and $101.9 billion in 2019, representing a compound annual growth rate (CAGR) of 14.7%. Adoption of new technologies and lack of internal skill sets will drive increased external spending on business analytics services throughout the forecast period.

Additional key research findings include:

• The overall five-year CAGR for project-based business analytics services will be 14.3%. Within the project-based services segment, IT consulting (ITC) services will realize strong growth at 15.1% in 2015.

• The five-year CAGR for the outsourcing segment will be 13%. Growth in business process outsourcing (BPO) services will lead within the segment at 13.6% in 2015.

• 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.

"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. 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," said Ali Zaidi , Research Manager, IT Consulting and Systems Integration Services .

The study, Worldwide Business Analytics Services (IDC #US40549515), presents IDC's worldwide business analytics services market by key IT service categories. A forecast and historical sizing are provided, beginning in 2010 and extending through 2019. The total worldwide market is assessed.

Related Topics
  • AI, Analytics & Automation ,
  • Data & Analytics,
  • IDC,
  • News,
  • North America,
  • Research and Trials,
  • Tracker

More Like This

Access Evolution

DISH to acquire Republic Wireless

Mar 8, 2021

Open RAN

Casa Systems unveils revolutionary 5G O-RAN mid-band radio

Mar 8, 2021

Access Evolution

Nokia to supply Cibicom with mission critical LTE network across Denmark

Mar 8, 2021

Sustainability

IBM study finds advancing women is not a top priority for 70 percent of global organizations surveyed

Mar 8, 2021

Sustainability

Cloud Computing could eliminate a billion tons of CO2 emissions over the next four years, claims IDC

Mar 8, 2021

This content extract was originally sourced from an external website (IDC) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

15:12

Deutsche Telekom's Abdurazak Mudesir on the expanding Open RAN ecosystem

38:41

The pros and cons of open DSP architectures

10:32

Vodafone UK's Andrea Dona on Open RAN's progress

49:54

Open RAN: what’s the plan for 2021?

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices