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Mumbai, India, June 7, 2016

Gartner Forecasts Indian Business Intelligence and Analytics Software Revenue to Reach $214 Million in 2016

Analysts Discuss the Latest Business Intelligence and Analytics Trends at the Gartner Business Intelligence & Information Management Summit 7-8 June 2016 Mumbai, India

Indian business intelligence (BI) software revenue is forecast to reach US$ 213.8 million in 2016, a 18.6 percent increase over 2015 revenue of $180.2 million, according to Gartner, Inc. This forecast includes revenue for BI platforms, advanced analytics platforms, analytic applications and corporate performance management (CPM) software.

Gartner analysts are examining the key issues facing the business analytics and information management market during the Gartner Business Intelligence and Information management Summit, which is taking place here through Wednesday.

"The BI and analytics market is undergoing significant change. Adoption of machine learning techniques, and the emergence of smart data discovery solutions are fueling next round of investments," said Bhavish Sood, research director at Gartner.

The BI platforms segment continues to lead the BI software market in India, as BI platforms revenue is forecast to reach $136.8 million in 2016 (see Table 1). All segments of the BI software market in India are expected to experience double-digit growth in the next 2 years.

Table 1 India BI Software Revenue Forecast Estimates (Millions of Dollars)

Market Segment

 

2015 YR

2016 YR

Analytic Applications and Performance Management

Revenue

21.1

25.1

 

Growth (%)

 

18.94%

CPM Suites

Revenue

28.5

33.3

 

Growth

 

16.76%

Advanced Analytics Platforms

Revenue

15.0

18.6

 

Growth

 

23.59%

BI Platforms

Revenue

115.6

136.8

 

Growth

 

18.33%

Total Revenue

 

180.2

213.8

Total Growth (%)

 

 

18.59%

Source: Gartner (June 2016)

"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 Mr. Sood. "There is an increased emphasis on metrics management and the growing use of performance management. Big data use cases are maturing and have executive visibility. This is leading to more investments in BI and information management."

Purchasing decisions continue to move from IT leaders to line-of-business executives and users who want more agility and more flexible personalized options — making the land-and-expand model the new norm. This is in stark contrast to the large, enterprise-scale deals that fueled double-digit growth at a time when IT had larger budgets and wielded much more influence in buying decisions. The primary drivers of new growth in this rapidly evolving market are being influenced by the following dynamics: 

  • The increased need for governance will serve as the catalyst for renewed IT engagement as business-user-led deployments expand.  
  • Market awareness and adoption of smart data discovery will extend data discovery to a wider range of users, increasing the reach and impact of analytics.  
  • 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. They are increasing BI adoption through data discovery, geospatial and mobile based approaches. 

BI and analytics trends are being discussed in more detail at the Gartner Business Intelligence, Analytics & Information Management Summit 2016, June 7-8 in Mumbai. Members of the media can register to attend the event by contacting sony.shetty@gartner.com.

Information from the Summits will be shared on Twitter at http://twitter.com/Gartner_inc using #GartnerBI.

About Gartner

Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow.

Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

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