Click Fraud Protection

Connecting...

IDC: Business analytics software to continue strong growth to 2017

News | Compound annual growth | Better decision making | Competitive advantages

W1siziisijiwmtcvmduvmdqvmdkvntcvntmvnjexl2j1c2luzxnzlwfuywx5dgljcy1zb2z0d2fyzs10by1jb250aw51zs1zdhjvbmctz3jvd3rolxrvltiwmtcuanbnil0swyjwiiwidgh1bwiilcixmdawedqwmcmixv0

Business analytics software is set to continue its strong growth through to 2017, one expert has suggested.

The International Data Corporation (IDC) found that the market is expected to grow at a 9.7 per cent compound annual growth rate to the year, with demand for business analytics solutions to be driven by the promise of better decision making and competitive advantages.

As data becomes more widespread and important for businesses, it is vital that new workers are able to understand the information and use it to better inform their strategies.

Recruiters in IT should look for individuals who are comfortable using large amounts of data to find patterns in consumer purchases.

Last year, the worldwide business analytics software market grew 8.7 per cent year-over-year as revenues reached $34.9 billion (£22.8 billion), which is much lower than the 15 per cent year-over-year growth recorded in 2011.

These figures can be attributed to the macroeconomic issues plaguing the global economy, along with the weak performance of the European markets.

Even though there is slower growth, the business analytics software market outperformed the overall software market, where growth of 3.6 per cent year-over-year was seen in 2012.

Dan Vesset, program vice president of business analytics at IDC, said: “There is growing quantifiable evidence that data-driven decision making enabled by business analytics solutions provides a competitive difference.

“This, along with broad interest in big data, has pushed the technology to the top of many executive agendas and ushered it into the mainstream market.”

In the three primary segments of the business analytics software market, the data warehousing platform segment recorded 2012’s fastest growth, as it rose 10.8 per cent over the previous year.


Posted by Jon Aspinell on 28th June 2013

SHARE

LATEST JOBS
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Client Services Manager (Real Estate)

London, England

Up to £75000 per annum + excellent bens inc. bonus

A market leading Private Equity/Real Estate fund administration company based in central London is seeking a Client S...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Network and Security Engineer

City of London, London

£35000 - £45000 per annum + good benefits

A successful and growing media company is seeking a Network Infrastructure and Security Engineer. This role is a key ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavntavmdavnde5l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznemd2tkrzdk1qttjmmjfoy21zeuxtlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

PA

Wembley

£28,000

Do you have great administrative and organisational skills and are interested in building your career as a PA? This s...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

ASP.Net MVC Full-Stack Web Developer ...

City of London, London

Up to £65000 per annum + bonus, 25 days holiday, PMI, Gym

Full-Stack Web Developer - Financial Services A large and well established financial services company is looking for ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Software Development Manager - Warrin...

Warrington, Cheshire

£40000 - £50000 per annum + benefits

Software Development Manager / Development Team Manager - Warrington The Ashdown Group has been selected to assist a ...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmjavmjcvmtyvahixlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Head of HR

Guildford, Surrey

£60,000 - £70,000

A successful business with an ambitious growth plan are now looking for a commercially driven HR professional to head...

READ MORE
W1siziisijiwmtgvmdqvmtgvmtmvmjmvnduvnza0l1jlbw90zs1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

How can you ensure cohesive communication with a team of remote workers?

Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...

READ STORY

W1siziisijiwmtgvmdevmjqvmdgvntkvmtavndyyl2ltywdlmtqtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Can HR tech ease workplace conflict?

Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...

READ STORY

W1siziisijiwmtgvmdevmtyvmdgvntcvmzcvmtk5l1dlbgwxyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

What to prioritise in your employee experience

The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...

READ STORY

W1siziisijiwmtgvmdevmtavmtyvmdavntmvmtyzl0ltywdlntatbwluicgxks5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Insight

What can HR expect in 2018?

HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...

READ STORY

W1siziisijiwmtcvmtevmjgvmtcvmdevndqvnzivaw1hz2uyni1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

From communication to drive: The importance of soft skills

Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavntqvmzivotuvaw1hz2uxns1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Only one in three workers say their employers offer training

Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...

READ STORY