The most recent market share report from IDC, "Western European Business Intelligence Tools Forecast and Analysis, 2002-2006," forecasts the business intelligence (BI) market in Western Europe to grow to approximately $2.5 billion in the year 2006, representing an average annual growth rate of 14.9 percent. According to Christina Steensboe, program manager with IDC's European Software Group, the increased interest in BI at a strategic level in organizations combined with new ways of accessing the software will cause growth to accelerate, particularly in the packaged data mart/warehouse and end- user query and reporting tools market. IDC expects the increased demand for analytic applications and for intranet and extranet deployments will bring business intelligence to broader classes of users inside and outside the enterprise.
IDC sees the BI tools market as comprised of five related segments: online analytical processing (OLAP), executive information systems (EIS), end-user query and reporting, packaged data marts/warehouses and data mining tools.
In addition, the report predicts a growing need for tools that help companies understand and predict customer and supplier behavior, thus fueling data mining and analytic applications adoption.
IDC is a provider of technology intelligence, industry analysis, market data and strategic and tactical guidance to builders, providers and users of information technology. IDC forecasts worldwide markets and trends and analyzes business strategies, technologies and vendors, using a combination of rigorous primary research and in-depth competitive analysis. IDC provides global research with local content through more than 720 analysts in 43 countries worldwide.
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