Friday, May 7, 2010

Healthy Growth of BI Market

According to a new report from market research firm Gartner, Inc., the business intelligence software market was one of the segments that significantly outperformed the overall enterprise software market in 2009.

The study revealed that the worldwide market for business intelligence, analytic applications and performance management software saw revenues exceed $9.3 billion last year, a rise of more than four per cent compared with 2008 revenues of $8.9billion.

“Even though growth was nowhere near the levels of 2008, and by no means immune to the recession, BI showed that it is not as cyclical as many other software areas, recording healthy growth in one of the toughest years recorded in software history," said Dan Sommer, a senior research analyst at Gartner.

BI was one area of IT that businesses were not prepared to push aside due to cost pressures. Mr. Sommer explained that “organizations have generally continued their BI projects, hoping that the resulting transparency will allow them to cut costs and improve productivity in a bid to remain competitive”.

Source: ihotdesk

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