New license revenue in the worldwide business intelligence (BI) software market is forecast to reach $2.5 billion in 2006, a 6.2 percent increase from 2005, according to Gartner, Inc. The market is poised for continued growth through 2009, when new license revenue is projected to reach $3 billion.
"Companies around the world have purchased more than $40 billion worth of enterprise applications, including ERP, CRM and HR, during the past few years," said Colleen Graham, principal research analyst at Gartner. "This has generated significant volumes of data in support of the operational processes they automate. By investing in BI, companies can further leverage their enterprise application investments and turn the torrent of data into meaningful insight to better measure performance, respond more quickly to market changes and opportunities and comply with an increasingly complex regulatory environment."
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