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SAS leads BI software Market in India

SAS, the global leader in the business intelligence & analytical software and services market on Thursday announced that it has emerged as the leader in the business intelligence software market in India.

According to IDC, the Indian BI market is growing at a CAGR of 27.09% and is expected to be over US$ 10.55 mn market by the end of 2005 (Source: IDC India Packaged Software Market Tracker 2004). IDC India's report brings out that SAS India is the leader in the Business Intelligence (BI) software market in India for the year 2004, with a 23% market share.

In its report, IDC has classified the Business Intelligence software market into Data Mining Software, End-user Query, Reporting & Analysis Software and Packaged Data-mart/Datawarehouse Software markets.

Commenting on the BI Software market, Praveen Sengar, Analyst - Packaged Software Market, IDC India said: "The BI market in India has tremendous potential, with the market growing at 27%. With 2005 revenues expected to touch over US$ 10 mn, we believe that enterprises are considering BI as a strategic tool for investment. The market is still in the evolving stage and forward looking Indian enterprises are adopting BI to overcome challenges resulting from competition and globalisation; paving the way for increased revenue and profitability outcomes."