IDC upbeat on Asia business intelligence software market

Apr 29, 2010
Dealers check put computer screen showing money trading at a Tokyo's foreign exchange brokerage, 2005. A report said that Asia's business intelligence software market excluding Japan should grow an annual 20.5 percent this year as economies rebound from last year's downturn

Asia's business intelligence software market excluding Japan should grow an annual 20.5 percent this year as economies rebound from last year's downturn, a report said Thursday.

Revenues from business intelligence software in the region had expanded by only 3.0 percent in 2009 from 2008 due to the global , industry consultants IDC said.

"Business intelligence software adoption surged in the second half of 2009 as decision makers' confidence on the global strengthened, and demand for greater visibility into operations grew," said Sharon Tan, a research manager at IDC.

Australia, China and accounted for 64.3 percent of the market last year, according to IDC.

China, India and Vietnam are forecast to have the highest growth potentials, it added.

IDC said Asia's banking sector remained the largest user of the software to "enable better risk management, fraud management and to support faster and fact-based decision-making for customer-related issues," among other functions.

Explore further: Uber says outside review shows customer data safe, private

add to favorites email to friend print save as pdf

Related Stories

Asia-Pacific software market seen robust

Jul 07, 2006

The content-management software market in the Asia-Pacific region excluding Japan will likely increase to $245.3 million by 2010, a research group said.

IT to generate 5.8 million new jobs by 2013: IDC

Oct 05, 2009

Information technology will be an employment machine, generating 5.8 million new jobs in the coming four years, according to International Data Corporation (IDC) research released.

PC shipments slide in 1Q, HP tops Dell in US (Update)

Apr 15, 2009

(AP) -- Global shipments of personal computers fell 7.1 percent in the first three months of the year, but the decline was smaller than expected and research group IDC on Wednesday said the industry could turn around by ...

Recommended for you

Airbnb to expand tax collection efforts

21 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

22 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.