According to Gartner, global business intelligence (BI) and analytics software revenues are to reach $18.3 billion in 2017-- a 7.3% increase from 2016, before growing to $22.8bn by end 2020.
The analyst says modern BI and analytics is expanding more rapidly than the overall market, offsetting declines in traditional BI spending. The modern BI and analytics platform emerged recently to meet new requirements for accessibility, agility and deeper analytical insight, shifting the market from IT-led, system-of-record reporting to business-led, agile analytics including self-service.
Mind, modern BI and analytics growth will eventually decelerate-- from 63.6% in 2015 to 19% in 2020. Such decline reflects data and analytics becoming mainstream, since pricing pressures will affect revenues despite growth in terms of seat expansion.
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