You are here: Home » International » News » Markets
Business Standard

Global biz intelligence, analytics market to hit $18 bn in 2017: Gartner

The modern BI and analytics platform meets new organisational requirements of accessibility

Press Trust of India  |  New Delhi 


(BI) and analytics revenue globally is likely to reach $18.3 billion this year, an increase of 7.3 per cent from 2016, research firm on Friday said.

By the end of 2020, the market is expected to touch $22.8 billion as modern and analytics continue to expand more rapidly, said in a report.

The modern and analytics platform, emerged in the last few years, meets new organisational requirements of accessibility, agility and deeper analytical insight.

This has helped shift the market from IT-led system-of-record reporting to business-led agile analytics, including self-service.

"Purchasing decisions continue to be influenced heavily by business executives and users who want more agility and the option for small personal and departmental deployments to prove success," research vice president said.

Enterprise-friendly buying models have become more critical to successful deployments, she added.

First Published: Fri, February 17 2017. 17:51 IST