Editor’s note: Jennifer Hamel is Professional Services Senior Analyst at Technology Business Research.

HAMPTON, N.H. – Recently, TBR published its Analytics & Insights Professional Services Market Forecast 2015-2020. Here are a few high-level takeaways from the report:

  • Overall Forecast

The analytics & insights (A&I) professional services market will grow at a CAGR of 11.4% through 2020 as customers expect vendors to go beyond just implementing software to enabling enterprises to capture deeper business insights from their data to drive business outcomes.

  • Vendor Landscape

IBM will remain the market leader but will increasingly combat consulting and systems integration (C&SI) peers that emulate its solutions-focused approach and surpass the company in growth by promoting product-agnostic analytics solutions to cater to hybrid IT demand.

  • Associated Technologies

Increasing cloud-based A&I consumption will give rise to the need for cloud application integration, user-focused design and managed services. Combined with analytics, artificial intelligence (AI) and the Internet of Things (IoT) can significantly accelerate enterprises’ ability to transform raw data into insights for use by both humans and machines, transforming how businesses operate and deliver value over the next three to five years. IoT and AI go hand in hand, as wrangling the deluge of IoT data requires intelligent machines to observe patterns, extract insights, and send notifications or adapt behavior in real time. Vendors must maintain or increase investments in each of these areas to stay competitive as the A&I market evolves and matures.

Learn more at: http://www.tbri.com