New
Delhi: 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,
according to an IDC study.
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).
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.
|