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Indian business intelligence (BI) software revenue is forecast to touch $150 million in 2015, a 15 per cent rise over the 2014 revenue of $133.8 million. This forecast by Gartner includes revenue for BI platforms, advanced analytics, analytic applications, and corporate performance management (CPM) software.
“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 the revenue from BI platforms is forecast to reach $92.7 billion in 2015. All segments of the BI software market are expected to experience double-digit growth this year.
“We see signs of the emerging importance of BI in India as senior executives are increasingly exploring different styles of analytics to resolve their business imperatives,” said Sood. “There is an increased emphasis on metrics management and a growing use of performance management. Early big data use cases have started emerging and have executive visibility. This is leading to higher investments in BI and information management.”
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