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News >> Technology >>
Business intelligence software market up
By agencies
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Friday, 12 August 2005, 19:30 IST
NEW DELHI: The size of Business Intelligence software market in India has grown to $10.55 million with SAS leading the pack, cornering a share of 23 percent in 2004, according to research firm IDC.
IDC said the business intelligence software market was growing at compound annual growth rate of 27.09 percent. SAS India has a strong customer base in India with over 150 installations in the country including companies like Novartis, Standard Chartered Bank, Hindustan Lever Ltd, HDFC Bank, Reserve Bank of India.
According to IDC, the banking, financial services and insurance dominate the market spends on BI software with 35 percent of total spend in the country. The telecom sector (21 percent), manufacturing sector (15 percent) and services industry (10 percent), including the ITES sector, are other key spenders on business intelligence software.
The study mentions that the Government will be a major adopter of BI with huge amount of unstructured data and there will be a rise demand from medium and large enterprises.