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Hong Kong (June 2, 2008) – SAS, the global leader in
business intelligence, is pleased to announce that IDC has
continued to rank SAS as Number One in the combined business
intelligence (BI) and financial performance and strategy
management (FPSM) market in Hong Kong, with 27.0 percent market
share in 2007.
According to IDC’s Asia Pacific Semi-Annual Business
Intelligence Tracker, 2H07, SAS has achieved the largest market
share in the combined BI and FPSM market in Hong Kong, and is
the clear leader in
advanced analytics, with over two-thirds (68.1 percent) of
market share in 2007, greatly outperforming other vendors in the
market.
“SAS in Hong Kong has consistently enjoyed strong leadership in
the advanced analytics market locally,” said Sharon Tan, Senior
Analyst, Software Research, IDC Asia/Pacific.
Alex Wong, president of SAS Greater China, welcomed the fact
that SAS has retained its top position in the highly competitive
local BI and FPSM market. “IDC’s ranking of SAS as the Number
One business intelligence vendor in Hong Kong demonstrates the
expertise and very real benefits that we bring to companies in
Hong Kong,” he said. “SAS analytics provides an integrated
environment for predictive analytics and descriptive modelling,
data mining,
forecasting and more, leading to new insights for fact-based
business decision making." “We are glad to have sustained our
leadership in the local market, especially when the market is
experiencing its first major transformation, with a series of
acquisitions taking place,” added Wong.
Increasing Demand for Advanced Analytics
According to the IDC tracker, the demand for advanced analytics
is increasing in Hong Kong. The financial services industries
(banks, insurance and financial markets) have
the largest contribution to the advanced analytics
market, accounting for 45.0 percent of total market share in
Hong Kong during 2007.
Meanwhile, the adoption of advanced analytics has also
experienced a significant growth in other sectors. The total
revenue spent on advanced analytics in retail/wholesale and
travel and transportation sectors has increased by 30.6 percent
between 2006 and 2007.
“It is gratifying to see that more companies from different
sectors are beginning to realize the important role advanced
analytics can play in helping their enterprises’ business
performance,” said Wong.
“In 2008, we will continue to focus on meeting the increasing
demand for advanced analytics, including through identifying
suitable strategic partners to provide one-stop services that
build on SAS’ advanced analytics technology and industry
expertise to meet our customers’ individual needs,” added Wong.
“Also, since financial performance and strategic management are
being increasingly used to enhance business management, we will
further strengthen our efforts in these areas, to allow more
companies to reap the benefits they deliver.”
About SAS
SAS is the leader in business
intelligence and analytical software and services. Customers at
more than 44,000 sites use SAS software to improve performance
through insight from data, resulting in faster, more accurate
business decisions; more profitable relationships with customers
and suppliers; compliance with governmental regulations;
research breakthroughs; and better products and processes. Only
SAS offers leading data integration, storage, analytics and
business intelligence applications within a comprehensive
enterprise intelligence platform. Since 1976, SAS has been
giving customers around the world THE POWER TO KNOW®.
www.sas.com
SAS and all other SAS Institute Inc. product or service names
are registered trademarks or trademarks of SAS Institute Inc. in
the USA and other countries. ® indicates USA registration. Other
brand and product names are trademarks of their respective
companies Copyright © 2008 SAS Institute Inc. Cary, NC, USA. All
rights reserved.
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