Business Analytics Software Market to Punch Above US$3 Billion by 2013

by CFO Innovation Asia Staff, 13 July 2012

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business analytics software IDC supply chain analytics

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Despite a backdrop of increasing global volatility, the business analytics (BA) software market in the Asia-Pacific excluding Japan (APEJ) region has grown by 20.1% to be worth US$2,479.1 million in 2011, according to the new IDC Asia-Pacific Semiannual Business Analytics Software Tracker.

The BA software market is expected to slow down but still grow in 2012, followed by a recovery in 2013.

Overall, the market is forecasted to grow at a 5-year CAGR of 12.3% to reach US$4,432.7 million in 2016.

“Certain analytic applications such as supply chain analytics applications that can, for example, analyze historical data and identify demand signals to predict demand levels and assist in supply planning, are expected to have strong growth potentials driven by organidations that are seeking to focus on projects that can quickly bring results,” says Sharon Tan, Research Manager of IDC’s Asia-Pacific Information Management and Analytics Software Research Group.

“The use of in-memory technology will increasingly permeate business analytics software products over the forecast period to boost speed and performance capabilities,” she further adds.

From a country perspective, Singapore’s BA software market in 2011 was valued to be US$149.8 million and is forecasted to have a 12.2% 5-year CAGR.

Hong Kong’s BA software market grew by 18.4% in 2011 and is forecasted to hit above US$100 million in 2012.

For markets that are worth above US$100 million in 2011, the PRC and India are forecasted to hold the greatest growth potential with 5-year CAGRs of 17.1% and 16.5%, respectively.

Despite stronger growths from emerging countries, IDC expects Australia to remain the largest market for APEJ’s business analytics software during the next 5 years and is predicted to breech the US$1 billion dollar mark by 2014.

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CFO Innovation Asia Staff

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This new segment would

Submitted by Prabir Banik on 9 May 2013 - 7:48pm

This new segment would definitely grow up further. However, the security issues are there too, when you buy new laptop computer you should immediately install security software to keep it safe.

That is a good news for the

Submitted by Pradipta Dutta on 6 March 2013 - 5:22pm

That is a good news for the business in the region. They certainly have come a long way and soon they would be able to grab the top position in the market. However, there is also need for software that help the users stay protected against targeted threats.

Many companies have decided

Submitted by Victor Brejnev on 26 November 2012 - 9:39pm

Many companies have decided that living on the cloud is going to help them progress in the future to come. Business analytics have no choice but to follow trends. The trend right now is cloud technology.

The sector would continue to

Submitted by Prabir Banik on 19 October 2012 - 3:32pm

The sector would continue to experience new growth. When any sector or industry goes through volatile times it feels really scary. But old trends and old practices have to be discarded so that, new trend could surface. Post Google updates it has become necessary for the SEO industry to recognize and adopt new trends in link development.

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