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APAC BI market to reach US$1.4 Bn in 2014: Gartner

Says increasing interest in big data solutions to positively impact BI spending across APAC

The market for business intelligence (BI) platforms in Asia Pacific is expected to grow 7.4 percent to reach almost US$1.4 billion in revenue in 2014 and more than $1.6 billion by 2017, as data discovery and mobility create a revival in spending by business users, according to Gartner, Inc.

The author of a new report on the competitive landscape for BI platforms in Asia Pacific, Gartner research director Bhavish Sood, said growing interest in big data solutions will continue to positively impact BI spending across Asia Pacific in 2014 and beyond.

“Information intensive initiatives are popular in organizations in Asia Pacific’s accelerating economies, because information is a competitive differentiator,” Sood said. “We expect this to continue as organizations pursue regulatory compliance, performance management and overarching enterprise information management initiatives.”

In Asia Pacific, the top four “megavendors” — SAP, Microsoft, Oracle and IBM — controlled 72.2 percent of the BI platform market in 2012, up from 65 percent in 2011. However, Gartner analysts said that business units increasingly prefer data discovery solutions, such as Tibco Spotfire, QlikTech and Tableau Software, while their counterparts in IT are still more comfortable procuring from megavendors.

Australia will remain the region’s biggest BI platform software market in the next few years, reaching $386.2 million (A$372.9 million) in 2014 (up 5.4 percent over last year) and growing to US$443.5 million in 2017. Growth in Australia’s BI platform software market is driven by maintenance and new license revenue, with many clients in Australia looking at vendor consolidation as part of their overall BI competency center initiatives.

As a developed market, Australia will maintain a more-stable revenue stream from existing maintenance revenue, despite fears of another economic downturn due to China and Eurozone issues. The midmarket is also showing healthy signs of BI technology adoption.

China will remain the second-largest BI software market in Asia Pacific through 2017, reaching US$217.3 million.

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