The Hindu Business Line : Business intelligence market to grow at 29%

THE business intelligence market in India, which was at $33 million (Rs 140 crore) in 2004, is expected to grow at a compounded aggregate growth rate of 29 per cent over the next few years.

The market is expected to reach $70 million (Rs 300 crore) in 2007, according to Mr Alok Shende, Director, Information Communication & Technology Practice, Frost & Sullivan, India.

"The maximum contribution to the market comes from data warehouse at 36 per cent, followed by On-line analytical processing (OLAP) & reporting tools at 34 per cent, extract transformation & load (ETL) at 18 per cent and analytics at 12 per cent," he said.

IT/telecom, along with manufacturing verticals is expected to fuel demand for BI adoption in India, said a statement from Frost & Sullivan.

The pharmaceutical vertical is the most mature vertical for BI adoption in India and hence the contribution from this vertical is expected to decrease. All large companies in this sector already have BI solutions in place from a host of vendors. Other sectors such as transportation, hospitality, logistics, retailing etc are expected to implement BI solutions in the future and an immense opportunity exists there. Reporting & OLAP in enterprises across all verticals allows the companies to look at implementing enhanced capabilities to meet their reporting needs

Microsoft is the leading vendor of BI software with 18 per cent of the Indian market, said the findings of the Frost & Sullivan's latest report on the Indian BI market. Frost & Sullivan has given the company an award for the same.

Business Intelligence is an umbrella term for a set of tools and applications that allow corporate decision makers to gather, organise, distribute, and act on critical business information. In India, the market for BI tools is still in the development stage, said Frost & Sullivan. Companies that have implemented applications such as ERP, supply chain management, or data warehouses, often face a situation where they have a huge amount of data and information but no helping tool or clearly defined map, which can be put to use for making strategic decisions, said a Frost & Sullivan statement.

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