The Asia-Pacific information management software market will reach revenues of $6.01 billion in 2015, a compound annual growth rate of 11.57 percent from the $3.88 billion it will reach at the end of 2011, predicts Ovum.
The analyst finds that the strong growth will be driven by enterprises realising information management software’s vital role in their corporate performance.
“The information management market has been growing steadily over the past five years, with enterprises continuing to make investments despite the global recession," comments Ovum lead analyst Nishant Singh. However, the next five will see the market really starting to take off, with strong growth across the globe.
“There are several reasons why information management has become increasingly important to enterprises. Chief among them are shrinking business cycles, increasing process and quality control issues, brought about by globalisation, and the fact that most organisations have by now extracted the benefits of their ERP implementations.”
According to Singh, most of the data generated by IT investments has now overgrown the existing systems that were supposed to capture and accurately portray it, driving a strong need for information management tools such as content management and business intelligence systems.
"These systems enable enterprises to extract content and information hidden in their diverse data sources, such as transactional and operational systems, manage that data effectively, and apply sophisticated predictive analytics to improve their processes and decision-making,” says Singh.
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