IDC Expects Strong Growth in the Information Access Tools Market
FRAMINGHAM, MA – JLUY 19,2000 – Revenues in the worldwide information access tool (IAT) software market climbed almost 21%, approaching $8 billion in 1999, and growth in this market will remain above 20% at least through 2004. According to IDC, the market is on track to exceed $20.6 billion by 2004.
“The overall information access tools market will earn solid growth of approximately 21% compounded annually through 2004,” said Dan Vesset, a senior analyst in IDC’s Data Warehousing and Information Access research program. “However, comparing the growth rates of each of the market's subsegments will reveal significant discrepancies. End-user query and reporting, data mining, and online analytical processing will be fast growers while executive information systems, spreadsheets, and statistical and technical data analysis will all be slow-growing markets."
In terms of vendors, IDC believes Microsoft, with its new OLAP Services for SQL/Server, will help generate IAT market growth. Already, after only one full year on the market, Microsoft's new product has reached the number 6 spot in the online analytical processing segment and 10th place in the enterprise decision support segment.
“As Microsoft OLAP service applications go into production, a positive rippling effect will occur for related OLAP clients and reporting tools,” Vesset said.
North America is and will remain the largest market for information access tool software. It will account for more than half of the market's revenues through 2004. Correspondingly, U.S. vendors will dominate the market. In 1999, they accounted for 81% of the market's wealth, and while their dominance will decrease throughout the forecast, they'll still account for almost three-fourths of the market's revenues in 2004.
The enterprise decision support segment is currently the largest segment of the market. According to IDC, it accounted for 38% of the market with more than $3 billion in revenues in 1999. Through 2004, revenues in this segment will increase at a compound annual growth rate (CAGR) of almost 34% and approach $13 billion.
“Intranet and extranet adoption will bring enterprise decision support to a broader class of users both within and outside the enterprise,” said Henry Morris, vice president of IDC’s Data Warehousing and Information research program. “Additionally, emarketplaces will provide a boost to this market.”
IDC recently published Information Access Tools Market Forecast and Analysis, 2000-2004 (IDC #B22306). The report discusses the overall market and the following submarkets: end-user query and reporting, online analytical processing, executive information systems, packaged data marts, statistical and data mining software, and other information access tools. The report forecasts revenues in each market and in each submarket through 2004 by geographic region and operating environment. Vendors’ 1999 revenue shares are also shown for the overall market and all the submarkets. Major trends in each submarket are discussed. To purchase the report, contact Cheryl Toffel at 1-800-343-4952, extension 4389 or email@example.com.
IDC delivers dependable, high-impact insights and advice on the future of ebusiness, the Internet, and technology to help organizations make sound business decisions. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies, and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 500 analysts in 43 countries worldwide. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at http://www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
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