This IDC Market Forecast study provides an analysis and sizing of the European analytic data management and integration platform market for 2016-2018 and a forecast for 2019-2023. The study analyzes the market by segment (four major segments), deployment model (PCS and on-premise), and European country (21 countries, plus Central and Eastern Europe)."In 2019, the European market for analytic data management and integration platforms grew 12% to reach $4.8 billion. We expect continuing strong growth for this market, mostly driven by the increasing need for data analytics, rising interest in cloud applications and analytics, and uptake of nonrelational analytic data stores," said Erica Spinoni, research analyst, European Software. "The increasing volume and variety of data, coupled with the need for real-time analytics, is leading the market toward an impressive cloud deployment growth. Continuous analytics tools and nonrelational analytics data stores will gain importance in the coming years. Furthermore, platform proliferation - coupled with increasing velocity of data collection and data analysis - will increase the demand for end-to-end integrated platforms and for integration software."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
- Drivers and Inhibitors
- Drivers
- Automation and Semi-Automation of BDA Processes
- Real-Time and Near-Real-Time Decision Making
- Hybrid and Multicloud
- Inhibitors
- Competition, Price Pressure, and Open Source Software
- Opportunities and Challenges for Centrally Curated Data
- Significant Market Developments
- Changes from Prior Forecast
Market Definition
Methodology
- Historical and Forecast Market Values and Exchange Rates
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