Interest in Business Intelligence Tools Remains Strong, According to IDC
FRAMINGHAM, MA – JUNE 20, 2002 – As users seek to gain more insight into their operations, the interest and demand for business intelligence (BI) tools, a segment of the information access tools (IAT) market, is expected to grow with revenue reaching $7.5 billion by 2006, according to IDC.
"Although the slowing economic environment impacted the business intelligence market, there is strong evidence that interest in business intelligence tools remains strong," said Dan Vesset, research manager for IDC’s Data Warehousing and Information Access program. "As organizations look to optimize the performance of their operations, they are turning to BI tools to provide them with actionable insight into their customer and supplier relationship management and internal operations/production processes."
According to IDC, SAS Institute continues to lead the overall IAT market with a 9.9% market share while the largest gain of 1.8% in the overall IAT market was achieved by SAP AG by virtue of its success for its packaged data warehouse product.
IDC defines business intelligence tools as a subset of the overall IAT market, comprising five individual segments: end-user query/reporting, multi-dimensional analysis, data mining, packaged data warehouse, and EIS software. Cognos leads the business intelligence tools market, based on combined 2001 total worldwide software license and maintenance revenue for these five segments.
End-user query and reporting is expected to continue to be the largest segment of the business intelligence market and increase its current market share of 46.6% to 47.8%. Business Objects continues to be the leading vendor in this segment. The packaged datamart/warehouse market is expected to achieve the fastest growth rate at 25.9% through 2006.
IDC’s recently released document, Worldwide Information Access Tools Forecast and Analysis, 2002-2006 (IDC #27345) examines the information access tools market and leading vendor performance and profiles for 2001-2006. Characteristics of successful vendors are also identified and explored.
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IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world’s leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.
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