April 2, 2012 – Business intelligence, analytics and performance management revenue took on double-digit growth in 2011, and the expanded role of analytics and the cloud are expected to solidify sales for big-name vendors and smaller startups alike over the next decade, according to Gartner Research.
In a new report, entitled, “Market Share: All Software Markets, Worldwide, 2011,” Gartner put BI, analytics and PM at $12.2 billion in 2011, or 16.4 percent growth over 2010, making the combined areas the second-fastest growing in enterprise software. Two-thirds of that market revenue stems from BI platform software, which hit $7.79 billion in 2011, up 16.3 percent from the previous year, according to Gartner. Enterprise performance management suites revenue tallied $2.51 billion in 2011, up 16.4 percent from 2010 and taking up a few more notches of the overall market share (20.5 percent in 2011). Analytic applications and performance management software took in $1.93 billion in revenue in 2011, up 17.3 percent from the previous year.
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