BI and Analytics a $10 Billion Market, says Gartner

April 22, 2011 No Comments

SOURCE:  Information Age

The global market for business intelligence, analytics and corporate performance management grew by 13.4% in 2010 to reach $10.5 billion, according to IT industry analysts Gartner.

Analyst Dan Sommer remarked that the growth reflected uptake of an “information-driven” approach to management and strategy. ““It is clear that BI continues to be a technology at the center of information-driven initiatives in organizations,” he said

But Sommer also acknowledged that it also reflects the emphasis the software industry has placed on BI in recent times, (arguably because the applications market has become so saturated). “Vendors aggressively market their capabilities in this area, so revenue growth is as much a function of vendor push as a demand pull.”

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