SAP Owns 23 Percent BI MarketMay 2, 2011 No Comments
SAP has been named the overall market share leader in the worldwide business intelligence (BI) market, owning nearly a quarter of the market according to the April 2011 According to a Gartner report titled: “Market Share Analysis: Business Intelligence (BI), Analytics and Performance Management, 2010, Worldwide,” the combined BI market encompasses BI platforms, corporate performance management (CPM) suites, analytic applications and performance management. In the report, SAP ranks No. 1 with 23 percent share of the worldwide market based on revenue, reflecting a 16.8 percent growth from 2009.
“Our business analytics solutions help people, teams and entire organizations run smarter,” said Steve Lucas, General Manager, Business Analytics, SAP. “We believe our performance – which is ahead of the market growth rate – demonstrates how customers are looking to SAP as a trusted business partner to help their return to growth.”
According to the Gartner report, the global recession that swept the world had a major impact on markets and for a period of time, especially the first half of 2009, paralyzed them. While IT spending overall was negative during that time, the BI market managed to grow 4.2 percent in 2009. In 2010, the global resurgence from stimulus packages, general improvement in the macroeconomy and new product releases contributed to a surge in spending. As a result, BI software growth accelerated to 13.4 percent in 2010.DATA and ANALYTICS , News