Indian business intelligence software revenue forecast to reach $245 million in 2017, says Gartner

Gartner said the forecast includes revenue for BI platforms, data science platforms, analytic applications and corporate performance management suites.

Indian business intelligence software revenue forecast to reach $245 million in 2017, says Gartner
MUMBAI: Indian business intelligence (BI) software revenue is forecast to reach US$245 million (in constant currency) in 2017, a 24.4 percent increase over 2016 revenue of US$206 million, according to research firm Gartner.

Gartner said the forecast includes revenue for BI platforms, data science platforms, analytic applications and corporate performance management suites.

"The data and analytics market is undergoing a significant change. Adoption of machine learning techniques for data management and analytics, the settling of hype around big data through more mature data storage, and processing and analysis solutions are a few of the changes," said Ehtisham Zaidi, principal research analyst at Gartner.

He added that Garner is also seeing the rapid shift to the cloud and hybrid data management through focused offerings, and the emergence of modern BI platforms, smart data discovery and self-service data preparation solutions, which are all fuelling the next round of investments.

“We are also seeing a huge focus on Internet of Things (IoT) data integration, data management and analytics by Indian companies, particularly in the consumer packaged goods (CPG) and manufacturing sector, who are determined the lead the market through competitive differentiation in these key areas,” Zaidi said.

Gartner wrote it sees signs of the emerging importance of data management and analytics in India as senior executives are increasingly exploring the different styles of analytics to resolve their business imperatives.
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Business News › Tech › Software › Indian business intelligence software revenue forecast to reach $245 million in 2017, says Gartner
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