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RESEARCH, ANALYSIS & TRENDS

IDC’s big data and analytics spending

guide

According to the latest release of IDC's
Worldwide Big Data and Analytics (BDA) ing 17% over the forecast period.
Spending Guide, spending on BDA solutions will
grow by 19% in the Asia Pacific region in 2022 The federal and central government's focus on critical
and will rise 1.6 times to $53.3 billion by 2025. infrastructure management and health/wellness moni-
Enterprises' evolving need to gain operational toring will lead investment to grow by 16% until the end
efficiency and operational resilience is driving of the forecast period. The top four industries, banking,
investments. Building operational resilience telecommunication, federal/central government, and
stems from providing a real-time response to professional services registered cumulative spending of
external market disruptions such as the $15.0 billion, nearly 46% of the total spending share in
pandemic, supply chain vulnerabilities, or rapidly 2022 captured by the 19 industries mapped by IDC.
evolving customer needs.
"Organizations’ priority area for investment in data and
analytics varies by industry," says Abhik Sarkar, Market
“From covid to the Russia-Ukraine war, the level of dis- Analyst at IDC Asia/Pacific IT Spending Guides, Cus-
ruptions that we have experienced in the past two years tomer Insights & Analysis. "Finance and government
have been unprecedented,” says Jessie Danqing Cai,
Associate Research Director at IDC Asia/Pacific, Big sectors prioritize automation and cybersecurity, while
retail and wholesale focus more on customer experi-
Data & Analytics Practice. “Organizations need to have
a clear strategy to extract value from their data asset, to ence, and manufacturing focuses on worker productivi-
enable evidence-based decision making, data science ty/quality. Hence, it is imperative that vendors target
explorations, and actionable insight delivery at scale,” outcomes of their solutions by industries," Sarkar adds.
Cai adds. The services technology group captured the highest
spending share at 43.4% in 2022 followed by software,
Over the next five years, banking will continue to be the then hardware. For the software technology group, con-
largest investor in big data analytics solutions, captur- tent analytics tools, continuous analytics tools, and non-
ing 15.3% in 2022, the highest BDA spending, focusing relational analytics tools are the major technology cate-
on fraud detection and improved customer experience gories driving spending growth. By deployment type,
to ensure increased customer loyalty.
the on-premises deployment type captured a maximum
Second, telecommunication will retain its position revenue share of $6.0 billion in 2022. However, this
across the forecasted period ending in 2025. At 12.6% trend is expected to change in the future with Public
in 2022, investments are directed toward infrastructure Cloud Services capturing a lion’s share of the spending
and networks to generate insight to improve the effi- at 52.6% in 2025 at $9.17 billion. ◊
ciency and effectiveness of network operations, im- By MediaBUZZ
prove throughput, and reduce downtime. Both these
industries will grow with a CAGR (2020–2025) exceed-

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