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Turkey’s Big Data & Analytics Market to Top $477 Million by 2022, says IDC

Istanbul – WEBWIRE

Spending on big data and analytics (BDA) in Turkey is set to total $292 million this year, up 15.2% on 2017, according to the latest forecast announced today by International Data Corporation (IDC). The global ICT research and consulting services firm’s newly released Worldwide Semiannual Big Data and Analytics Spending Guide tips annual spending to reach $477 million by 2022, with the market expanding at a compound annual growth rate (CAGR) of 13.5% over the 2017–2022 forecast period.

To view the accompanying Big Data & Analytics Spending Forecast infographic, please visit:

“A growing number of Turkish enterprises are finding value in data-driven decision making as they look for differentiated insights from the large variety and volume of internal and external data available to them,” says Eren Eser, principal analyst at IDC Turkey. “While the primary short-term objective of utilizing big data and analytics is to improve business operations, many Turkish organizations are also looking to use BDA to develop new business and revenue streams in the longer term.”

The top three industries in terms of BDA investment in 2018 will be banking, telecommunications, and central government. Combined, these three industries will invest around $132 million in BDA solutions this year, accounting for more than 45% of total BDA spending in Turkey. IDC expects these industries to remain the largest spenders in 2022 when their combined investments will total $215 million. However, construction, insurance and local government will see the fastest growth over the coming years, with IDC forecasting respective CAGRs of 15.6%, 15.5%, and 15.0% for the 2017–2022 period.

In terms of software, relational data warehouse management tools will be the biggest BDA segment in Turkey this year, with spending forecast to reach $29 million, accounting for 9.9% share of the market. IDC expects spending on this group of software tools to pass the $38 million mark by 2022.

IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide   is designed to address the needs of organizations assessing the big data and business analytics opportunity by geography, industry, and company size. The Spending Guide provides subscribers with revenue projections for 19 technology and service categories across 19 industries, 5 company size bands, and 53 countries. Unlike any other research in the industry, the comprehensive Spending Guide was designed to help IT decision makers clearly understand the industry-specific scope and direction of big data and business analytics opportunities today and over the next five years.

About IDC Spending Guides

IDC’s Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.

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. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. To learn more about IDC, please visit Follow IDC on Twitter at @IDC

IDC in the Middle East, Africa, and Turkey

For the Middle East, Africa, and Turkey region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit You can follow IDC MEA on Twitter at @IDCMEA.

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