IDC Forecasts Business Analytics Software Market to Continue on Its Strong Growth Trajectory Through 2017 Business Wire FRAMINGHAM, Mass. -- June 25, 2013 The worldwide business analytics software market is expected to grow at a 9.7% compound annual growth rate (CAGR) through 2017, according to a new forecast from International Data Corporation (IDC). Demand for business analytics solutions will continue to be driven by the promise of better and faster decision-making and competitive advantage that results from the ability to analyze and act upon information in a timely manner. "There is growing quantifiable evidence that data-driven decision making enabled by business analytics solutions provides a competitive difference," said Dan Vesset, Program Vice President, Business Analytics at IDC. "This, along with broad interest in big data, has pushed the technology to the top of many executive agendas and ushered it into the mainstream market." In 2012, the worldwide business analytics software market grew 8.7% year over year with revenues reaching $34.9 billion. This was significantly lower than the 15% year-over-year growth experienced in 2011, and is attributable to the macroeconomic issues plaguing the global economy and the weak performance of European markets. Despite the slower growth, the business analytics software market outperformed the overall software market, which grew 3.6% year over year in 2012. On a regional basis, the emerging regions of Asia/Pacific (excluding Japan) and Latin America that showed the best performance in 2012, with 13.4% year-over-year growth each. The recovering U.S. economy helped North America to keep pace with the emerging regions in 2012 with a 12.1% growth rate. Latin America is forecast to have the highest growth rate through 2017 – a 12.4% CAGR – followed by North America with 10.9% and Asia/Pacific (excluding Japan) with 10.5%. Of the three primary segments of the business analytics software market, the data warehousing platform software segment experienced the fastest growth in 2012, growing 10.8% over the previous year. The business intelligence and analytic tools segment and the performance management and analytic applications segment each grew 7.7% year over year in 2012. In this diverse and highly competitive market, the six largest vendors – Oracle, SAP, IBM, Microsoft, SAS, Teradata – accounted for 64% of worldwide revenues in 2012. The IDC study, Worldwide Business Analytics Software 2013-2017 Forecast and 2012 Vendor Shares (IDC #241689), examines the business analytics software market for the period from 2008 to 2017, with vendor revenue trends and market growth forecasts. Worldwide market sizing is provided for 2012, with trends from 2008. A five-year growth forecast for this market is shown for 2013-2017. Revenue and market share of the leading vendors are provided for 2012, with trends from 2010. The IDC Semiannual Business Analytics Software Tracker provides total market size and vendor share for the three primary business analytics software market segments as well as the 12 sub-segments. Measurement for this Tracker is total software revenue, which includes license plus maintenance plus SaaS and other subscription revenue. The Tracker covers up to 49 nations in total. Annual five-year market forecasts for this Tracker are updated semiannually and include five-year annual market projections. Forecasts are available at worldwide, regional, and country levels. For more information about IDC's Worldwide Semiannual Software Trackers, please contact Kathy Nagamine at 650-350-6423 or email@example.com. About IDC Trackers IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app, available at iTunes, allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad. About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 49 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events' company. You can learn more about IDC by visiting www.idc.com. All product and company names may be trademarks or registered trademarks of their respective holders. Contact: IDC Dan Vesset, 508-935-4257 firstname.lastname@example.org or Patrick Melgarejo, +51-996328641 email@example.com or Michael Shirer, 508-935-4200 firstname.lastname@example.org
IDC Forecasts Business Analytics Software Market to Continue on Its Strong Growth Trajectory Through 2017
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