Oracle is the fastest growing stand-alone business intelligence (BI) platform vendor in Asia Pacific, excluding Japan , according to Gartner. Based on a recent Gartner report Source: Gartner, "Market Share: Business Intelligence Platforms, Asia/Pacific, 2005", 15 January 2007., Oracle registered 64.8% revenue growth in the stand-alone BI market in Asia Pacific in 2005, compared to the previous year. Average market growth in the stand-alone BI platform market was 12.1%. In India , Oracle grew fastest, registering 115.9 percent year-on-year (2004-2005) total software revenue growth in 2005 for stand-alone BI platforms, surpassing the average market growth of 29.2 percent.
"This report shows we are clearly the BI platform of choice in open,
heterogeneous environments across Asia Pacific," said Ricky Kapur, General
Manager, Business Intelligence, Oracle Asia Pacific. "Leading organizations
in the region are leveraging the Oracle Business Intelligence platform to
exploit their information assets more efficiently for sustainable
competitive advantage. More and more, organizations are transforming
insights into actions to leverage the right opportunities, maximize revenues, and increase operational efficiency."
"Early adopters of business intelligence solutions in India have been telecom and financial services organisations," said SPS Grover, Vice President Technology Sales, Oracle India . "Banking has been a major growth driver for BI applications due to Basel II compliance and increasing competition which is forcing banks to focus on customer analytics, services and fraud management."
The increasing price wars and customer churn are forcing telecom providers to introduce value added services, which are best addressed through BI," Grover added. "The boom in knowledge process outsourcing centres, IT enabled services companies and the retail sector will also see a demand for BI rise in the country."
IDC predicts that in 2006-2007, a new wave of investment in BI applications will appear as demand grows for "BI for the masses," requiring more scalable applications with easier-to-use interfaces. IDC, Information Access Predictions 2006-2007, Doc #34951, Feb 2006 IDC forecasts that the BI software and Business Performance Management & Financial Analytics (BPM) markets in Asia Pacific excluding Japan (APEJ) will jointly reach at least US$670 million by 2010.
"Pervasive business intelligence will drive the next wave of BI deployments in Asia Pacific including in India ," said Kapur. "Traditionally, business intelligence is limited to tactical reporting and typically deployed in silos. Globalization, volatile markets, deregulation, intensified competition is increasing the demand for timely and relevant data for effective decision-making across all levels of the organization."
As the global leader in business analytics software and data warehousing tools IDC, Worldwide Business Analytics Software 2006-2010 Forecast and 2005 Vendor Shares, Doc #203468, September 2006 & Worldwide Data Warehousing Tools 2005 Vendor Shares, Doc #203229, August 2006, Oracle
brings considerable expertise coupled with a comprehensive, hot-pluggable portfolio of BI technology and applications, to help organizations across the region become insight-driven enterprises.
Using insights to drive actions is a business imperative and an increasing number of organizations are putting business intelligence on the top of their priorities. According to Gartner, the Asia Pacific BI market is expected to grow at a compound annual growth rate (CAGR) of 13.6% from 2004 to 2009, compared to the worldwide growth at 7.3%. Gartner Press Release, February 2006 Gartner Says Business Intelligence Software Market to Reach $3 Billion in 2009.
With a comprehensive, unified portfolio of integrated business analytics software, Oracle is uniquely positioned to improve business visibility, while helping to reduce the cost and complexity of deploying and maintaining enterprise BI solutions.
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