KDnuggets : News : 2003 : n13 : item23 < PREVIOUS | NEXT >

Briefs

IDC says data mining market was $486 million in 2002; says SAS is the leader

CARY, N.C.--(BUSINESS WIRE)--June 30, 2003--

According to a recent IDC report ranking vendors based on worldwide revenue for business intelligence (BI) tools, SAS(R) maintained its leadership of the data mining segment with 36 percent market share, while continuing to be one of the leaders of the overall BI tools market.

Worldwide revenue for the BI software tools market increased by 1.6 percent over 2001 with a forecasted 2002-2007 compound annual growth rate of 4.1 percent. SAS' growth rate remained positive this year, exceeding its performance from the previous year, largely as a result of the breadth of SAS' data warehousing, business intelligence and analytical software.

"While continuing to invest heavily in R&D, SAS continues to provide one of the broadest portfolios of BI tools, which the company sells along with its data warehousing tools and analytic applications," said Dan Vesset, research manager for IDC's Analytics and Data Warehousing practice. "SAS' long term leadership of the growing data mining software market positions the company well for the increasing importance of predictive analytics in BI."

IDC states that the BI market is composed of end-user query, reporting and analysis tools; data mining tools; and packaged data mart/warehouse tools. The data mining market, the fastest growing segment of the BI market per IDC, increased 5.1 percent to reach $486 million in 2002.


KDnuggets : News : 2003 : n13 : item23 < PREVIOUS | NEXT >

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