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Gartner Says Worldwide Business Intelligence, Analytics and Performance Management Software Market Surpassed the $10 Billion Mark in 2010

Wednesday, April 20, 2011

Worldwide business intelligence (BI) platform, analytic applications and performance management (PM) software revenue reached $10.5 billion in 2010, a 13.4 percent increase from 2009 revenue of $9.3 billion, according to Gartner, Inc.

“In 2010, the global resurgence from stimulus packages, general improvement in the macro-economy, and new product releases contributed to a surge in BI software spending,” said Dan Sommer, principal research analyst at Gartner. “BI spending has far surpassed IT budget growth overall for several years, and it is clear that BI continues to be a technology at the center of information-driven initiatives in organizations. Vendors aggressively market their capabilities in this area, so revenue growth is as much a function of vendor push as a demand pull.”

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

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