The Hindu Business Line : India, China to fuel demand for BI tools software: IDC

FUELLED by growth in China and India, the Asia Pacific business intelligence (BI) tools software market is projected to grow at a compounded annual growth rate (CAGR) of 12.3 per cent to touch $417.3 million by 2009.

The BI tools software market was valued at $233.2 million in 2004, according to research firm International Data Corporation's (IDC) report on business intelligence market outlook for 2004-2009 in Asia Pacific (excluding Japan).

"Despite the mergers and acquisitions in recent years, the BI tools market in Asia Pacific is relatively immature and fragmented with both international and local vendors in the scene," said Ms Sharon Tan, Market Analyst, Software Research, IDC Asia Pacific.

"Moreover, there is downward price pressure as both database vendors and enterprise application vendors incorporate BI functionalities in their product offerings in these related markets at little or no additional costs. "Many users in this region are expected to get their first taste of the benefits that BI can offer from these products. IDC expects that this will pave the way for further investments in more sophisticated BI tools software in the later years of the forecast period," she said.

Much of the growth in the region is expected to come from China and India. The more robust economic conditions in these countries and the increasing application deployments are setting the stage for BI tools adoption in the next five years. However, IDC expects that Australia — with its matured IT infrastructure and developed economy - would remain the largest market for BI tools software throughout the forecast period.

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