BI and SaaS: A Winning Combination

Grazed from Midsize Insider. Author: Marissa Tejada.

Business Intelligence (BI) is getting a market push thanks to Software as a Service (SaaS). A new report by Gartner found certain services, like SaaS, are helping to move the business intelligence market ahead. Midsize firms are part of this market growth because they often consider and implement SaaS, which has become a popular entry point for various BI solutions.

What’s Pushing the Market

The report, covered by Information Management found that besides SaaS, data discovery also helped support the business intelligence market. Gartner found that business intelligence, CPM, and analytic software revenue topped more than $13 billion last year. However, the research firm also found that overall spending went down approximately $700 million due to the economic climate, although it remains one of the largest IT segments. Earlier in the year, Gartner had predicted the market would grow by almost 25 percent up until 2017 to reach more than $17 billion…

Growing markets, including India and Brazil, saw a big boost in business intelligence spending in 2011. Garner analysts pointed out this is a good sign of things to come. The report also found that cloud services still hold a small part of the market but that the cloud is also seeing some significant growth when put head to head with other application market segments…

Read more from the source @ http://midsizeinsider.com/en-us/article/bi-and-saas-a-winning-combination