QlikTech, the world's leading provider of In Memory Reporting and Analysis solutions, has been recognized by IDC as the fastest growing of the top 20 worldwide business intelligence software providers. In a recent competitive analysis report, "Worldwide Business Intelligence Tools 2005 Vendor Shares," Dan Vesset, research director, analytics and data warehousing software at IDC, reports that "Over the past three years, QlikTech has seen unequaled acceleration of the acceptance of its technology in business intelligence market. QlikTech's expansion from its European base into North America has been received well and has helped the company achieve over a 70 percent growth rate in software license and maintenance during the past two years."
"IDC continues to see healthy demand for business intelligence tools as they remain an attractive market for software vendors and one of the top investment priorities for end-user organizations. This is exemplified by a 11.5 percent growth rate in 2005 which yielded a total market size of $5.7 billion in worldwide software revenue," according to Vesset. "Solutions such as QlikView from QlikTech, take a very different approach to data management from other major BI vendors by providing what amounts to 'infinite' dimensional ad-hoc query and analysis to end-users - something that traditional OLAP vendors cannot provide with their existing products."
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