APEJ business analytics market to punch above $3B by 2013

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The BA software market is expected to slow down but still grow in 2012, followed by a recovery in 2013. Overall, the market is forecasted to grow at a 5-year CAGR of 12.3 percent to reach $4,432.7 million in 2016. ?Certain analytic applications such as supply chain analytics applications that can, for example, analyze historical data and identify demand signals to predict demand levels and assist in supply planning, are expected to have strong growth potentials driven by organizations that are seeking to focus on projects that can quickly bring results,? said Sharon Tan, research manager at IDC. ?The use of in-memory technology will increasingly permeate business analytics software products over the forecast period to boost speed and performance capabilities,? she added. From a country perspective:

? Singapore?s BA software market in 2011 was valued to be $149.8 million and is forecasted to have a 12.2 percent 5-year CAGR. ? Hong Kong?s BA software market grew by 18.4 percent in 2011 and is forecasted to hit above $100 million in 2012. ? For markets that are worth above $100 million in 2011, China and India are forecasted to hold the greatest growth potential with 5-year CAGRs of 17.1 percent and 16.5 percent respectively. ? Despite stronger growths from emerging countries, IDC expects Australia to remain the largest market for APEJ?s business analytics software during the next 5 years and is predicted to breech the $1 billion dollar mark by 2014.

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