Thursday, June 24, 2021

BI Buoys Software Sales

The business intelligence (BI) market continued to see healthy growth in 2005, and it shows no signs of languishing, according to an annual report from research firm IDC.

The BI market grew 11.5 percent last year, topping $5.7 billion for query, reporting, analysis and advanced analytics software.

Such products help companies get a better understanding about how their businesses are performing, potentially improving the way managers make decisions or predict future performance.

The BI market has undergone a steady stream of consolidation in the past few years, as larger vendors, such as Business Objects (Quote, Chart), Cognos (Quote, Chart), Microsoft (Quote, Chart) and Hyperion (Quote, Chart) have sought to fortify their positions in a competitive market.

These upper-echelon vendor acquisitions help them increase their revenues and market share. IDC said it expects this buy-to-gain-share trend to continue.

Business Objects continued to lead the market in 2005, netting $795.3 million, good for 13.9 percent of the market.

At more than $200 million less for the year, SAS Institute was next at $582.4 million with a 10.2 percent share.

Cognos (9.9 percent), Microsoft (6.2 percent) and Hyperion (5 percent) rounded out the top five BI software makers.

Microsoft, which saw a 125 percent growth in 2004 thanks to the uptake in SQL Server Reporting Services, experienced some carry over from that product, sporting the most growth in 2005 at 25.5 percent.

The company could boost that growth after acquiring analytics server specialist ProClarity, which grew 21 percent in 2005, earlier this year.

In other trends, BI server products embedded in databases, such as OLAP (define), data mining and reporting servers, led the growth spurt at 19.9 percent, with standalone products notching 10.7 percent.

This article was first published on InternetNews.com. To read the full article, click here.

Similar articles

Latest Articles

3 AI Implementations That...

I was on a joint educational call for the World Talent Economic Economic forum on mobile computing this week. We drifted to topics that...

Survey of Site Reliability...

NEW YORK — Site reliability engineers (SREs) are warning of a looming scalability ceiling and saying the adoption of AIOps isn’t happening at a...

Druva Integrates sfApex to...

SUNNYVALE, Calif. — A maker of software for cloud data protection and management is helping companies safeguard essential customer data that their sales and...

Best Data Science Tools...

Data science has transformed our world. The ability to extract insights from enormous sets of structured and unstructured data has revolutionized numerous fields —...