The global market for business analytics software grew roughly 14% in 2011, fueled by hype about "big data" and new technological innovations. IDC predicts the market size will be $51B by 2016.
ComputerWorld, By Chris Kanaracus, July 11, 2012
IDG News Service - The global market for business analytics software grew roughly 14% in 2011, fueled by pervasive hype about "big data" as well as new technological innovations, according to a report unveiled by analyst firm IDC on Wednesday.
Between now and 2016, the business analytics market will have a compound annual growth rate of 9.8%, reaching $50.7 billion, IDC said.
Economic uncertainties persist throughout the world, and other
analyst reports have predicted
slower growth for IT spending, particularly in Europe.
... IDC includes BI (business intelligence) tools, data warehouse platforms and various types of analytic applications within the market segment.
Growth in 2011 was faster than in 2010, when the analytics market grew 11.6%, according to IDC. That was a "rebound year" following the 2009 economic downturn, when growth was just 1.6%, the report states.
Data warehousing platform sales experienced the most growth in 2011, with 15.2%, according to the report.
Oracle is the industry's largest analytics vendor by revenue, with $6 billion, IDC said. Yet this still represents only one-quarter of its software revenue, which "suggests continued room for growth," IDC said.
Other top analytics vendors remain SAP, IBM and SAS Institute. Some 70.2% of analytics software revenue is generated by the 10 biggest vendors, but "there is a large and competitive market that represents the remaining 30%," the report states.
For comparison, IDC recently predicted that the almost brand new market for Hadoop software and services will grow at about 60 percent a year until 2016,
reaching $812.8 million up from $77 million today.
IDC predicted the market for big data overall (not including the higher-level analytics software)
will reach $16.9 billion by 2015, up from $3.2 billion in 2010.
Worldwide Business Analytics Software 2012-2016 Forecast and 2011 Vendor Shares
(IDC #235494) examines the business analytics software market for the period from 2007 to 2016, with vendor revenue trends and market growth forecasts. Worldwide market sizing is provided for 2011, with trends from 2007. A five-year growth forecast for this market is shown for 2012-2016. Revenue and market share of the leading vendors are provided for 2011, with trends from 2009. This study also provides a competitive market map and related profiles of leading business analytics software vendors.
The study covers these companies:
Autodesk, EMC, ESRI,
Intergraph, JDA Software Group, Oracle, Pitney Bowes Software,
SAS, QlikTech, SPSS, SuccessFactors, Tableau Software,
Textual Analytics Solutions (AKA: TAS), TIBCO Software, and Varicent Software