Big Data, Analytics Sales Will Reach $187 Billion By 2019

IDC’s most recent forecast for the big data and business analytics market shows significant revenue growth for the next five years. Revenue from the sales of big data and business analytics applications, tools, and services is expected to increase more than 50%, from nearly $122 billion in 2015 to more than $187 billion in 2019. Service-related opportunities are expected to account for more than half of all revenue during the forecast period, while software is the next biggest revenue generator. Organizations are expected to spend on hardware specifically in the big data and business analytics realm, with spending expected to hit nearly $28 billion in 2019.