Business intelligence market up - Gartner
Worldwide business intelligence (BI) platform, analytic applications and performance management software revenue reached $8.8bn in 2008, a 21.7 per cent increase from 2007 revenue of $7.2bn, according to analyst Gartner.
Its report, ‘Market Share: Business Intelligence, Analytics and Performance Management Software, Worldwide 2008’, says that following SAP’s acquisition of Business Objects, the company was the No. 1 vendor in combined worldwide BI, analytics, and performance management software revenue in 2008, accounting for 24 per cent of the market, followed by SAS Institute (14.6 per cent), Oracle (14.6 per cent), IBM (11.3 per cent), and Microsoft (7.7 per cent).
Both the BI platform and the analytic applications and performance management (including corporate performance management) areas performed strongly with growth rates of 20.4 per cent and 24.3 per cent, respectively.
“In tough times, the first step is to increase transparency which helps identify cost-centers, and then to more tightly align strategy with execution,” says Gartner senior research analyst Dan Sommer. “This is why demand for BI, analytics, and performance management is relatively strong even in a bearish economy.”
However, Sommer adds: “We don’t expect these two markets to sustain the same high growth rate in 2009, as much of it came from the lowest-hanging fruit in up-selling products of an acquired company to an existing installed base, and because the first half of 2009 was softer due to the recession.”
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