Indian BI Software Revenue to Touch $140 Million in 2014: Gartner

Computerworld October 23, 2013
Indian BI Software Revenue to Touch $140 Million in 2014: Gartner

The analysts pointed out that the general lack of talent across all fields of information management in organizations will continue to be the critical barrier to the successful adoption of business analytics initiatives by Indian CIOs.

There will be a 16 percent increase in Indian business intelligence (BI) software revenue over 2013, amounting to around $139.5 million in 2014, according to Gartner analysts.

Gartner analysts were discussing the key issues facing the business analytics and information management market during Gartner Symposium/ITxpo, which is taking place inGoathrough Thursday.

BI and analytics have grown to become one of the larger application software segments. End users continue to prioritize BI and information-centric projects and spending to improve decision making and analysis.

As more information is generated, business models need reinvention, and it's increasingly clear that mastering analytics on big data will be a central area of focus over the coming decade. While these are fundamental drivers in the near term, growth will be hampered by sluggish macro indicators, as well as confusion around big-data and how to tie that to ROI. 

“We will see a change in the focus of type of BI deployments to areas that will help reduce cost like spend analysis, and profitability forecasting, along with reporting for achieving regulatory compliance. These internal and external pressures are driving increased adoption of analytics solutions across the country,“ said Bhavish Sood, research director at Gartner. 

India BI Software Software Forecast Estimates (Millions of Dollars)

Subsegment

2012 Revenue

2013 Revenue

2014 Revenue

13.4

16.3

19.3

Analytic Applications and Performance management

20.1

24.3

28.7

CPM Suites

69.8

80.6

91.5

BI Platforms

103.4

121.2

139.5

Total Growth (%)

 

17.25

15.15

Gartner (October 2013)

Indian CIO's are gaining a better understanding of the non-IT competences required for successful BI implementation; however, a general lack of talent across all fields of information management in organizations will continue to be the critical barrier to their successful adoption of business analytics initiatives. The increasing interest in big data creates new challenges across these areas.

“Business users are increasingly influencing selection of BI technology, and as such, advanced technologies, such as interactive visualization, mobile BI, geospatial and in-memory technologies will increasingly play an important part in selection criteria,” said Mr. Sood. 

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