Business analytics services spending will total $51.6 billion in 2014 and grow to $89.6 billion in 2018, representing a 14.7 percent compound annual growth rate, according to a new study from International Data Corp.

"Talent shortage coupled with the high interest in adoption of new technologies will continue to drive growth in business analytics services spending at the worldwide level,” Ali Zaidi, senior research analyst, IT consulting and systems integration strategies at IDC, said in a statement.

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