Indian BI, analytics software revenue to rise 15 per cent in 2015

09 Jun 2015

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Indian business intelligence (BI) software revenue, including BI platforms, advanced analytics, analytic applications and corporate performance management (CPM) software, is expected to touch $150 million in 2015.

This is a 15-per cent rise over 2014 revenue of $133.8 million, according to a study by global research and analysis firm Gartner.

The BI platforms segment continues to lead the BI software market in India, as BI platforms revenue 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.

''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.

''We see signs of the emerging importance of BI in India as senior executives are increasingly exploring the different styles of analytics to resolve their business imperatives,'' said Sood.

Two major trends are further shaping the BI and analytics market. One is the inexorable move to the cloud and software-as-a-service (SaaS), while the other is the widening of access to analytics.

More than half of the employees in many organisations now have access to BI. The buying of analytics is becoming influenced by business departments.

''There is an increased emphasis on metrics management and the growing use of performance management. Early big data use cases have started emerging and have executive visibility. This is leading to more investments in BI and information management,'' he added.

Indian enterprises adopting BI have the advantage of benefiting from earlier adopters in developed markets, rather than needing to build their approaches from the ground up. In order to increase adoption, enterprises should evaluate data discovery, geospatial and mobile-based approaches.

Table India BI Software Revenue Forecast Estimates (Millions of Dollars)

Segments
2014 Revenue
2015 Revenue
2015 Growth Rate (%)
Analytic Applications and Performance
15.3
17.7
16.0
CPM Suites
26.4
30.3
14.9
BI Platforms
84.1
92.7
10.2
Advanced Analytics
8.1
9.3
15.8
Total
133.8
150.0
12.1
Source: Gartner (June 2015)

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