February 21, 2013 – Business intelligence spending will get billions of dollars from big data and as-a-service investment, but lag behind the explosive growth rates from a few years ago, according to a new market forecast from Gartner Research.
Gartner puts business intelligence software spending at $13.8 billion worldwide for 2012, a 7 percent increase from last year that solidifies BI and analytics as the fourth-largest applications software segment. That growth rate ranks below the spending rise in 2011, which was 16 percent higher than the year prior. Through 2016, Gartner put the global BI market at $17.1 billion, a modest expansion of nearly 24 percent from the firm’s projection for this year that still ranks below the double-digit percentage growth in annual spending of the early 2000s.
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