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BI and BPM Market in Asia/Pacific Escalates

The size Business Intelligence (BI) and Business Performance Management/Financial Analytics (BPM) market of the Asia/Pacific region, excluding Japan (APEJ), was USD 340 million in 2005. This represented a healthy annual growth rate of 22.5%. The market is expected to remain on the fast growth track with a 5-year CAGR of 13.5%, reaching USD 639 million by 2010, estimates IDC.

“The early adopters of BI and BPM software were those with the largest amounts of data, have a relatively mature deployment of enterprise applications, and require increasingly real-time insight on their business operations. The need for industry compliance, as well as increased global competition, also pressured such companies to invest in software that provides better insight into a company’s operations, and that supports decision making,” says Sharon Tan, Senior Market Analyst, Asia/Pacific Application Tools Software Research, IDC Asia/Pacific.

“The three largest industry adopters in the APEJ region currently are the banking, communications and media, and the government sectors. IDC’s BI and BPM tracker research indicates that, in 2005, these industries contributed more than USD135 million worth of BI and BPM software in the region", Sharon further reveals. The figure below depicts the proportion of revenue size adoption in these three industries, broken down by country.