Big data and analytics spending in MEA to reach $2.2bn in 2017; IDC
Government, finance and telecommunication sectors spent the most on BDA in 2016
The global ICT research house, International Data Corporation, has revealed that revenues for big data and analytics (BDA) in the Middle East and Africa will reach $2.20bn this year and $3.20bn by 2020.
Megha Kumar, research director for software at IDC MEA, said: "This highlights that organisations in the region clearly face challenges in finding skills to support big data and analytics deployments, and rely heavily on partners to support them until the solution goes into production. Spending on software in the BDA space is focused on solutions for end-user query and reporting and databases."
"Organisations in the region acknowledge the need to leverage data for taking strategic decisions. There is a lot of focus around customer analytics and operational analytics to gain insights on customers and improve overall performance. While there is uptake around advanced and predictive workloads, it is very clear that many industries are still struggling to understand the use cases they can leverage within their sector," she added.
In 2016, the government sector was the largest spender (20.4%) on BDA solutions, following by the financial sector (19.2%) and then telecommunications (13.3%). Other industries with long-term BDA spending include manufacturing, healthcare, utilities and transportation.
However industries that spent less include construction, personal and consumer services and media.
From a regional perspective, more than 24% of the MEA regions BDA investment in 2016 was generated in Saudi Arabia, followed by South Africa and the UAE, with shares of 22.7% and 17.2%.
"As alluded to earlier, BDA adoption in the region is rising with organisations seeking embedded analytics within applications," says Kumar. "Advanced and predictive workloads will give rise to demand for skills such as data scientists."