BIG DATA & ANALYTICSTECH NEWSTRENDING

Gartner Forecasts Indian Business Intelligence and Analytics Software Revenue to Reach $150 Million in 2015

Analysts Discuss the Latest Business Intelligence and Analytics Trends at the Gartner Business Intelligence & Information Management Summit 9-10 June 2014 Mumbai, India

Mumbai, India, June 9, 2015 — Indian business intelligence (BI) software revenue is forecast to reach US$150 million in 2015, a 15 percent increase over 2014 revenue of $133.8 million, according to Gartner, Inc. This forecast includes revenue for BI platforms, advanced analytics, analytic applications and corporate performance management (CPM) software.

Gartner analysts are examining the key issues facing the business analytics and information management market during the Gartner Business Intelligence and Information management Summit, which is taking place here through Tuesday.

“The BI and analytics market is undergoing significant change. 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,” said Bhavish Sood, research director at Gartner.

The BI platforms segment continues to lead the BI software market in India, as BI platforms revenue is forecast to reach $92.7 billion in 2015 (see Table 1). All segments of the BI software market are expected to experience double-digit growth this year.

Table 1 India BI Software Revenue Forecast Estimates (Millions of Dollars)

Segments 2014 Revenue 2015 Revenue 2015 Growth Rate (%)
Analytic Applications and Performance 15.3 17.7 16.0
CPM Suites 26.4 30.3 14.9
BI Platforms 84.1 92.7 10.2
Advanced Analytics 8.1 9.3 15.8
Total 133.8 150.0 12.1

Source: Gartner (June 2015)

“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 Mr. Sood. “There is an increased emphasis on metrics management and the growing use of performance management. 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. 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.

BI and analytics trends are being discussed in more detail at the Gartner Business Intelligence, Analytics & Information Management Summit 2015, June 9-10 in Mumbai. Members of the media can register to attend the event by contacting [email protected].

Information from the Summits will be shared on Twitter at http://twitter.com/Gartner_inc using #GartnerBI.

 

Brian Pereira

Brian Pereira is an Indian journalist and editor based in Mumbai. He is Editor-in-Chief of Digital Creed, which he founded in 2015. A technology buff, former computer instructor, and software developer, Brian has 27 years of journalism experience (since 1994). He is sound and confident about his knowledge of business technology concepts. And he is a believer in continual education/learning. Brian is the former Editor of CHIP and InformationWeek magazines (India). He has written hundreds of technology articles for India's leading newspaper groups such as The Times of India and Indian Express Newspapers (among others). And he has conducted more than 300 industry interviews during his journalism career. Brian also writes on Aviation, cybersecurity, startups, and topics directed at small and medium businesses. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. Follow Brian on Twitter (@creed_digital) and LinkedIn.

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