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Gartner Forecasts India Business Intelligence Market to Grow 16 Percent in 2011

Wednesday, April 6, 2011

The market for business intelligence (BI) software in India is forecast to reach revenue of $65.4 million in 2011, up 15.7 percent over 2010, according to Gartner, Inc. Worldwide BI software market revenue is forecast to grow 9.7 percent to reach $10.8 billion in 2011.

BI ranked number five on the list of the top 10 technology priorities  in 2011, according to Gartner's annual global CIO survey*.

“It's a sign of the strategic importance of BI that investment remains strong,” said Bhavish Sood, research director at Gartner. “This market segment has remained strong because the dominant vendors continued to put BI, analytics and performance management at the centre of their messaging, while end-user organisations largely continued their BI projects, hoping that resulting transparency and insight will enable them to cut costs and improve productivity and agility down the line.”

Article sourced from www.gartner.com, click here to read full story.

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