IDC APAC research manager Ashutosh Bisht calls big data a game changer for enterprises and governments in the region. However he warned that while organizations see the adoption as driving advantage, most are yet to take-off with full scale implementation and the vast majority are currently taking an ad-hoc and opportunistic approach.

"Financial sector observes the highest spend for the overall forecast period but other industries too are adopting to retain and gaining new customers as well as for their strategy planning and resource optimization," Bisht added.

Banking, telecommunications, discrete manufacturing, federal/central government, and professional services are the five potential and leading industries which will make the largest investments in big data and analytics solutions in 2018.

Combined, these five industries will spend around US$8.3 billion on BDA solutions this year, accounting for more than 55% of the total spending. They will also be the largest spenders in 2021 when their total investment will be US$12.6 billion.

Not surprising China leads the region in terms of big data and business analytics solutions, with spending forecast to reach US$5.5 billion in 2018 with 37.3% share. Domestic BDA purchases will be led by banks and telecom players, each accounting for 14.6% of total spend in 2018.

Australia is in second spot with 18.2% share in 2018. IDC noted, however, the fastest growth in BDA spending over the five-year forecast period will be the Indonesia (19.7% CAGR), Philippines (19.0% CAGR) and Thailand (18.2% CAGR).

“Many organizations of APeJ have come to realize the importance of having big data solutions seamlessly integrated with business processes, so that insi