IDC Forecasts the Worldwide Data Warehouse Tool Market Will March Toward $17 Billion in 2004
FRAMINGHAM, MA – MARCH 15, 2001 – The market for data warehouse tools is growing strongly. According to IDC, worldwide revenue in this industry will increase at a compound annual growth rate (CAGR) of 26%, from $5 billion in 1999 to $17 billion in 2004.
"All segments of the data warehouse tool software market are contributing to the overall market's healthy growth," said Dan Vesset, senior analyst for IDC's Datawarehousing and Information Access program. "However, information access is leading the charge. The gradual shift of revenue from warehouse generation and management to information access tools is a factor of the maturation of data warehousing. As buyers move from the initial stages of use to full deployment, spending priorities will shift from capturing and storing the data toward delivering the information to a wider range of users."
IDC segments data warehousing tools into the following areas: generation tools, management tools, and information access tools. With worldwide revenues increasing at a 1999-2004 CAGR of 35% to $8.8 billion, the data warehouse information access market will overtake the data warehouse management segment, grabbing more than half of the overall data warehousing tools market in 2004. By comparison, its share in 1999 was 36%.
IDC believes North America is and will continue to be the largest market for data warehouse tools despite its share dipping a couple of points during the forecast to 50%. Western Europe and Asia/Pacific will account for market shares of 31% and nearly 13%, respectively, in 2004. The Windows environment will continue to be the dominant platform.
IDC's recently published report Data Warehousing Tools: Market Forecast and Analysis, 2000-2004 (IDC #B23712) analyzes the data warehousing tools market. This report is divided into the following three sections: the data warehouse generation tool market, the data warehouse management tool market, and the data warehouse information access tool market. Revenue and market share for leading software vendors worldwide are provided, as well as five-year forecasts by region, platform, and vendor class. Key factors affecting the growth of each market segment are examined. Forecasts are accompanied by an analysis of the major trends observed in 1999 as well as the conceptual model for the five-year forecast.
To purchase this 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 700 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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