Tracking Business Intelligence in India
According to an IDC India report, the Indian market for Business Intelligence
(BI) is growing at a CAGR of 27 percent and is expected to be $10.55 million
market by end-2005.
Praveen Sengar, Analyst-Packaged Software Market, IDC India says, the
BI market in India has tremendous potential. With 2005 revenues expected to
touch $10 million, we believe that enterprises are considering BI as a strategic
tool for investment.
The market is still in the evolving stage and progressive Indian enterprise
are adopting BI to overcome challenges resulting from competition and globalisation,
paving the way for increased revenue and profitability outcomes.
Some of the other findings of the report are given below.
Banking, financial services, and insurance dominates the market spends on BI
software with 35 percent of the total spend in the country.
The telecom sector (21 percent), manufacturing sector (15 percent) and services
industry (10 percent) which includes the ITeS sector are the key spenders on
BI software. Some of the emerging trends are that BI is taking off in the enterprise
space and users are beginning to look beyond simple reporting. Companies are
also looking to complex reporting, as they are consolidating data from different
Verticalisation seems to be an upcoming trend. Value added reseller vendors
are moving towards providing endto-end complete BI solutions, and also
moving from a direct to a partner-centric model. Content management, workflow,
and business process management also have tremendous potential in the near future.