New Delhi, Jun 9 (PTI) : Business intelligence (BI) software revenue in India is expected to grow 15 per cent to reach USD 150 million this year, research firm Gartner said today.
The spending on BI platforms — advanced analytics, analytic applications and corporate performance management (CPM) software — stood at USD 133.8 million in 2014, Gartner said in a statement.
“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,” Gartner Research Director Bhavish Sood said.
The BI platforms segment would continue to be the largest chunk of the Indian BI software market with revenue forecast to reach USD 92.7 billion in 2015, up 10.2 per cent from 2014.
“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,” Sood said.
There is an increased emphasis on metrics management and the growing use of performance management and early big data use cases have started emerging and have executive visibility, he added.
“This is leading to more investments in BI and information management,” he said.
Analytic applications and performance segment is expected to grow 16 per cent from USD 15.3 million in 2014 to USD 17.7 million in 2015.
Similarly, CPM Suites is expected to grow 14.9 per cent to USD 30.3 million in 2015 from USD 26.4 million last year. Advanced analytics segment is forecast to touch USD 9.3 million this year, up 15.8 per cent from USD 8.1 million last year.
Gartner said 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 organisations now have access to BI. The buying of analytics is becoming influenced by business departments,” the research firm said.