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Hyperion Leads Business Performance Management/Financial Analytic Applications Market

Published
  • August 02 2004, 1:00am EDT
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Hyperion is the market share leader for financial and business performance management analytic applications based on 2003 software license and maintenance revenue, as reported by IDC, a global market intelligence and advisory firm. These applications, as defined by IDC, are designed to measure and optimize financial performance and/or establish and evaluate an enterprise business strategy and include financial consolidation, budgeting/planning and dashboard/scorecarding applications.

According to the IDC report, Hyperion has 20.4 percent of the worldwide market based on 2003 software license and maintenance revenues for financial/business performance management software. The second ranked company has 6.6 percent. IDC forecasts that this market will increase to $2.1 billion in 2008 with an 11.2 percent compound annual growth rate (CAGR) for the period from 2003 through 2008.

IDC states in the report that Hyperion's momentum in the financial and business performance management space continues due to rapid customer adoption of Hyperion Financial Management, driven in part by compliance challenges, as well as the growing adoption of Hyperion Planning as a budgeting and forecasting solution. The firm also attributes Hyperion's acquisition of Brio to support Hyperion's dashboard strategy as a factor, which should contribute to continued momentum in the business performance management space.

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