Indian business intelligence( BI) software revenue is forecast to |
and information management.” |
reach US $ 213.8 million in 2016, a 18.6 percent increase over |
Purchasing decisions continue to move from IT leaders to line- |
2015 revenue of $ 180.2 million, according to Gartner, Inc. This |
of-business executives and users who want more agility and |
forecast includes revenue for BI platforms, advanced analytics |
more flexible personalized options— making the land-andplatforms |
, analytic applications and corporate performance |
expand model the new norm. This is in stark contrast to the |
management( CPM) software. |
large, enterprise-scale deals that fueled double-digit growth at |
“ The BI and analytics market is undergoing significant change. |
a time when IT had larger budgets and wielded much more |
Adoption of machine learning techniques, and the emergence |
influence in buying decisions. The primary drivers of new |
of smart data discovery solutions are fueling next round of |
growth in this rapidly evolving market are being influenced by |
investments,” said Bhavish Sood, research director at Gartner. |
the following dynamics: |
The BI platforms segment continues to lead the BI software |
Ÿ |
The increased need for governance will serve as the |
market in India, as BI platforms revenue is forecast to reach |
catalyst for renewed IT engagement as business-user-led |
|
$ 136.8 million in 2016( see Table 1). All segments of the BI |
deployments expand. |
|
software market in India are expected to experience double- |
Ÿ |
Market awareness and adoption of smart data discovery |
digit growth in the next 2 years. |
will extend data discovery to a wider range of users, |
|
“ We see signs of the emerging importance of BI in India as |
increasing the reach and impact of analytics. |
|
senior executives are increasingly exploring the different styles |
Ÿ |
Indian enterprises adopting BI have the advantage of |
of analytics to resolve their business imperatives,” said Mr. |
benefiting from earlier adopters in developed markets, |
|
Sood.“ There is an increased emphasis on metrics |
rather than needing to build their approaches from the |
|
management and the growing use of performance |
ground up. They are increasing BI adoption through data |
|
management. Big data use cases are maturing and have |
discovery, geospatial and mobile based approaches. |
|
executive visibility. This is leading to more investments in BI |
Market Segment |
2015 YR |
2016 YR |
||
Analytic Applications and Performance Management |
Revenue |
21.1 |
25.1 |
|
Growth(%) |
18.94 % |
|||
CPM Suites |
Revenue |
28.5 |
33.3 |
|
Growth |
16.76 % |
|||
Advanced Analytics Platforms |
Revenue |
15.0 |
18.6 |
|
Growth |
23.59 % |
|||
BI Platforms |
Revenue |
115.6 |
136.8 |
|
Growth |
18.33 % |
|||
Total Revenue |
180.2 |
213.8 |
||
Total Growth(%) |
18.59 % |
|||
Source: Gartner( June 2016) |