DUBLIN, Calif.--December 17, 2008 --Providing further evidence of the company’s continuing growth within the expanding analytics and data warehouse (DW) software market, Sybase, Inc. today announced that in a recent report, titled Worldwide Business Analytics Software 2008-2012 Forecast and 2007 Vendor Shares (IDC #214904, November 2008), IT market research advisory firm IDC released figures that placed Sybase as an industry leading vendor in revenue growth for the business analytics software market for 2007.
The IDC figures reveal Sybase grew its revenue in worldwide business analytics software revenue, which includes data warehouse platform software, from $104 million in 2006 to $148 million in 2007, an increase of 41.7 percent. The company’s growth rate substantially outpaced the rate of increase for the expanding overall business analytics software market as a whole, which grew 12.7% to reach $22.1 billion for the worldwide market.
“The future of the data warehouse platform software market remains bright. As various business intelligence (BI) and analytics projects remained high on the priority lists of organizations of all sizes, the demand for DW platform software to support these BI and analytics projects has continued to grow,” said Dan Vesset, program vice president of IDC's business analytics research. “Although there are already over 1,300 customers of Sybase® IQ, the products’ market penetration is still much lower than that for Sybase Adaptive Server® Enterprise database, providing the company with an opportunity to further expand sales of IQ into its own user base as well as into net new accounts.”
The current IDC report reinforces the firm’s previous analysis that Sybase continues to develop a leadership position in the data warehousing market. A recent IDC report (Worldwide Data Warehouse Platform Software 2007 Vendor Shares; IDC #213671, August 2008) showed that Sybase grew its DW platform software revenue by 46 percent to $138 million. The increase was driven by a 77 percent growth rate for the Sybase IQ column-based analytics server and the Sybase Analytic Appliance, which combines best-of-breed products including Sybase IQ, PowerDesigner® and Extract, Transform and Load (ETL) solutions.
According to IDC, the worldwide business analytics software market is expected to continue to grow at a compound annual growth rate of 9.7% over the next five years. The continued upward trend will be driven by an increased awareness of the potential benefits of business intelligence technology to affect organizational performance and competitiveness, leading to a broader shift in decision-making power for business intelligence and analytics technology purchases from IT to business. IDC is also expecting continued growth in the packaged performance management applications market, which is likely to serve as a driver for the growth of the data warehousing market.
“Smart businesses of all kinds are increasingly relying on Sybase IQ’s column-based approach to power high-quality, timely data analysis to win new customers and grow revenue in today’s competitive world,” said Dan Lahl, director of Sybase Intelligent Enterprise Solutions. “As our customers demand analytics solutions that deliver top line business results through faster and better answers to more knowledge workers in the areas of mission-critical business intelligence, enterprise data warehousing and Key Performance Indicators, Sybase will continue to respond with innovative, high-performance enterprise analytics and data warehousing products that deliver dramatically faster results at a lower total cost of ownership.”
Full reports can be obtained at www.idc.com.
About Sybase, Inc.
Sybase is the largest global enterprise software company exclusively focused on managing and mobilizing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers to create an information edge. The world’s most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site: http://www.sybase.com.
Jeff Neal, 925-236-5035
Incisor Communications for Sybase, Inc.
Crystal Dahlen, 415-365-0487