Business intelligence (BI) software revenue in India is forecasted to reach US$113 million in 2013, a 16 percent increase over 2012 revenue of US$98.1 million, according to Gartner. This forecast includes revenue for BI platforms, analytic applications and corporate performance management (CPM) software.
“Pressures from consumers, environmental policies, government and industry regulations, international standards of quality, and internal operational efficiency are forcing enterprises to improve their operations and processes to become both agile and efficient in a volatile marketplace, “ said Bhavish Sood, Research Director at Gartner. “These internal and external pressures are driving increased adoption of analytics solutions across the country.”
India BI Software Software Forecast Estimates (US$m)
| Subsegment | Data |
2012 |
2013 |
2014 |
2015 |
2016 |
|
Analytic Applications and Performance Management |
Sum of Revenue (M) |
14.2 |
16.8 |
20.0 |
23.6 |
27.8 |
|
Growth (%) |
14.24 |
18.94 |
18.45 |
18.07 |
17.87 |
|
|
CPM Suites |
Sum of Revenue (M) |
18.6 |
22.0 |
26.0 |
30.7 |
36.1 |
|
Growth (%) |
11.97 |
18.32 |
18.03 |
17.85 |
17.62 |
|
|
BI Platforms |
Sum of Revenue (M) |
65.3 |
74.1 |
84.0 |
95.1 |
107.4 |
|
Growth (%) |
13.86 |
13.43 |
13.40 |
13.11 |
12.93 |
|
|
Total Sum of Revenue (M) |
|
98.1 |
113.0 |
130.0 |
149.3 |
171.2 |
|
Total Growth (%) |
|
13.55 |
15.15 |
15.05 |
14.82 |
14.67 |
Gartner (June 2013)
“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 Ian Bertram, Managing Vice President at Gartner. “There is an increased emphasis on the metrics management and growing use of performance management. Software and service providers are increasing marketing spend on BI thus leading to higher visibility. In many industries, especially the regulated ones, such as telecom and financial services, clients are setting up dedicated competency centers focused on the use of information.”
Indian CIOs are gaining a better understanding of the non-IT competences required for successful BI implementation; however, a general lack of talent across all fields of information management in organizations will continue to be the critical barrier to their successful adoption of Business Analytics initiatives. The increasing interest in big data creates new challenges across these areas..
“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 advanced technologies, such as interactive visualization, mobile BI,cloud and in-memory technologies, “said Sood.
Entelechy Asia 