Indian BI, analytics revenue seen at $150m in 2015

Staff writer
25 Jun 2015
00:00

Indian business intelligence (BI) software revenue is forecast to reach $150 million in 2015, a 15% increase over 2014 revenue of $133.8 million, according to Gartner.

This forecast includes revenue for BI platforms, advanced analytics, analytic applications and corporate performance management (CPM) software.

“The BI and analytics market is undergoing significant change,” said Bhavish Sood, research director at Gartner. “The development of mobile, information, cloud and social media technologies has disrupted the market and shifted it toward self-service, cloud and analytics applications tailored for business users and information workers.”

The BI platforms segment continues to lead the BI software market in India, as BI platforms revenue is forecast to reach $92.7 million in 2015.

All segments of the BI software market are expected to experience double-digit growth this year.

“We see signs of the emerging importance of BI in India as senior executives are increasingly exploring the different styles of analytics to resolve their business imperatives,” said Sood.

“There is an increased emphasis on metrics management and the growing use of performance management,” he added. “Early big data use cases have started emerging and have executive visibility. This is leading to more investments in BI and information management.”

Two major trends are further shaping the BI and analytics market. One is the inexorable move to the cloud and software-as-a-service (SaaS). The other is the widening of access to analytics.

Gartner research shows that more than half of the employees in many organizations now have access to BI. The buying of analytics is becoming influenced by business departments.

Indian enterprises adopting BI have the advantage of benefiting from earlier adopters in developed markets, rather than needing to build their approaches from the ground up.

In order to increase adoption, enterprises should evaluate data discovery, geospatial and mobile based approaches.

Related content

Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.