PRAGUE / FRAMINGHAM, Mass, – November 27, 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. (TZ)
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.
About IDC – International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 46 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.Follow IDC on Twitter at @IDC.