Asia Pacific Big Data analytics solutions revenue grows 12%: IDC

Singapore: Revenues for Big Data and Analytics (BDA) solutions to reach $22.6 billion in 2020, with a year-over-year growth of 12 per cent over 2019 in Asia-Pacific, according to a report by industry tacker International Data Corporation (IDC).

This is mainly due to decision-makers increasing confidence that investments in data and analytics will be necessary in achieving digital and business resiliency amid the pandemic, according to the IDC Worldwide Big Data and Analytics Spending Guide forecasts.

IDC expects big data technology and service-related revenues to grow with a five-year CAGR of 15.6 per cent over the forecast period of 2019-24.