cl-au logo
Story image

Double digit growth expected for big data analytics market - report

The global Big Data Analytics (BDA) market will witness double-digit growth in the post-pandemic COVID-19 era, according to new research from Frost & Sullivan.

The analyst firm's new report, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market examines what global markets could look like under the scenario of the COVID-19 virus being contained by August 2020, and that global markets will be able to recover by the end of the year.

In that scenario, Frost & Sullivan forecasts the market is to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. 

Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. 

Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

"BDA use will continue to grow because it is currently being utilised to manage, diagnose, and develop a cure for COVID-19," says Deviki Gupta, Information & Communication Technologies senior industry analyst at Frost & Sullivan. 

"Additionally, considering the benefits of BDA solutions in both the government and intelligence (G&I) and non-governmental organisation (NGO) sectors, there will be an increase in demand for analytics as it has promising features, such as mitigating risk in business planning, improving operations, and better serving customer needs," he says.

"Despite the current crisis, BDA continues to be among the top three deployment priorities for enterprises, after data security and replacing legacy systems. 

"Further, major competitive factors will include a vendors ability to serve advanced use cases and its ability to play a consultative role for customers, such as helping them better understand their hardware and software needs to achieve these use cases in both BDA market segments data discovery and visualisation (DDV) and advanced analytics (AA)."

According to the report, the lengthening of sales cycles and decrease in customer spending on BDA solutions as budgets are frozen or diverted to meet urgent operational needs are likely to restrain the growth of the BDA market. 

However,  Frost & Sullivan says market participants should consider the following key growth opportunities:

  • Organisations aim to reduce latency and take timely action, especially during the pandemic, will encourage vendors to focus more on intuitive searchability powered by a deeper metadata schema and machine learning. 
  • Increasing BDA investment in disaster preparedness, operational management, and diagnostic use cases across the globe will create exponential growth prospects for vendors. 
  • Big Data, cloud computing, and consumer demand for personalised and context-based services are driving the implementation of AI/ML applications. 
  • APAC presents continued high potential for growth with the increasing use of BDA, AI, and robotics in China, Singapore, Taiwan, and Japan to contain COVID-19.
Story image
Ivanti achieves Leader status in IDC's UEM vendor assessment
It follows Ivanti’s recent acquisition of MobileIron, a provider of mobile-centric UEM solutions. Ivanti senior director of product management Alan Braithwaite says the acquisition may have played a central role in being recognised by IDC.More
Story image
The current state of ransomware — and its future
Discoveries made by analysts at Sophos have unearthed a new development: ransomware code appears to have been shared across ‘families’, and some of the ransomware groups seemed to work in collaboration more than in competition with one another. More
Story image
Kiwi company builds AI assistant with IBM Watson
Replikr, an IBM partner, is working with global quality assurance organisation Exemplar Global on Emma, a new AI that represents the first phase of scalable, personalised advice to Exemplar Global's user base. More
Story image
APAC contact centre application market to reach $966.5 million by 2026
Deployments of more sophisticated, cloud-based applications are expected in the more ‘mature’ markets in the region, including Australia, New Zealand, Japan, Singapore and South Korea. More
Story image
Citrix partners with Cloud4C, with eye on improving virtual desktop infrastructure
Cloud4C’s expertise in VDI solutions will complement the efforts of Citrix experts who simplify implementation, reduce deployment time, and help in leveraging the full benefits of virtualised desktops.More
Story image
Country-wide phishing reports up 75% in 2020
In total, Australians lost $176 million to scams in 2020, 23% higher than the previous year, with phishing the most reported type.More