According to Gartner, worldwide business intelligence (BI) platforms, analytic applications and performance management (PM) software revenue reached $12.2 billion in 2011, a 16.4% increase from 2010 revenue of $10.5 billion.
The BI, analytics and PM software market was the second-fastest growing sector in the overall worldwide enterprise software market in 2011, Gartner reports. IDC reports the global market for business analytics software grew roughly 14% in 2011, and between now and 2016, this market will grow at a compound annual rate of 9.8%, reaching US $50.7 billion.
To be sure, analytics/BI will continue its strong uptake in 2012 and beyond, but the nature of BI deployments is rapidly changing. Gone are the complex, costly, resource-intensive and IT-controlled BI deployments of the 80s and 90s.
Today’s analytics/BI deployments must be less costly and complex, faster, address specific business needs, include a wealth of intuitive, easy-to-use-tools, extend to mobile devices, and empower a greater number of business users to access, model and analyze data from across the enterpriseRead article by Optimal Solutions President Sam Sliman: Not Your Father’s Analytics/BI