The market for business intelligence (BI) platforms in Asia Pacific is expected to grow 7.4% to reach almost $1.4 billion in revenue in 2014 and more than $1.6 billion by 2017, according to Gartner.
Gartner research director Bhavish Sood said growing interest in big data solutions will continue to positively impact BI spending across Asia Pacific in 2014 and beyond.
“Information intensive initiatives are popular in organizations in Asia Pacific's accelerating economies, because information is a competitive differentiator,” Sood said. “We expect this to continue as organizations pursue regulatory compliance, performance management and overarching enterprise information management initiatives.”
Gartner analysts said that business units increasingly prefer data discovery solutions, such as Tibco Spotfire, QlikTech and Tableau Software, while their counterparts in IT are still more comfortable procuring from “megavendors” like SAP, Microsoft, Oracle and IBM
Australia will remain the region's biggest BI platform software market in the next few years, reaching $386.2 million in 2014 (up 5.4% over last year) and growing to $443.5 million in 2017.