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'India fastest growing business intelligence market in Asia'
By siliconindia
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Friday, 02 November 2007, 19:30 IST
Mumbai: In 2005-06, the market for Business Intelligence (BI) platforms in India has ramped up by 35.6 percent, touching the fastest growing geography for business intelligence in Asia.
In India, during the period, SAP grew at 70.3 percent to replace Microsoft as the largest BI vendor in India and relegated Business Objects to the third position, said a research from Gartner.
As per Gartner, BI platforms provide the infrastructure and tools to enable users to build applications that facilitate decision making and help organizations learn, understand and improve their business.
In 2006, Business Intelligence revenues in India grew to $16.4 million from $12.1 million in 2005.
However, the Indian BI market is less than four percent of the total Asia Pacific (including Japan) market. In APAC, the BI platforms market grew at 16 percent in 2005 to reach $491.8 million in 2006, with Japan accounting for more than half of the overall market.
Currently, as India is in the implementation wave of business applications platforms such as enterprise resource planning, customer relationship management, and supply chain management, the demand for business intelligence platforms will continue to rise.