Editor's Note: This article appeared in the Analytic Applications Supplement in the April 2001 issue of DM Review.
IDC created the analytic applications category in 1997 to call attention to a growing class of packaged software designed to understand and improve business performance. Analytic applications now represent over $2 billion in total software license and maintenance revenues, projected to grow to $6.7 billion by 2004. This represents a compound annual growth rate of 28 percent, significantly higher than the overall growth rate for business applications.
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