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Sybase Leads Business Analytics Software Market In Revenue: IDC
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Sybase grew its revenue in worldwide business analytics software revenue, from $104 million in 2006 to $148 million in 2007, up 41.7 per cent.
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Friday, December 19, 2008:
IDC has named Sybase as an industry leading vendor in revenue growth for the business analytics software market for 2007. According to the IDC research, Sybase grew its revenue in worldwide business analytics software revenue, which includes data warehouse platform software, from $104 million in 2006 to $148 million in 2007, an increase of 41.7 per cent.
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The company's growth rate substantially outpaced the rate of increase for the expanding overall business analytics software market as a whole, which grew 12.7 per cent to reach $22.1 billion for the worldwide market, reveals IDC.
Dan Vesset, programme vice president, business analytics research, IDC, said, "Although there are already over 1,300 customers of Sybase IQ, the products’ market penetration is still much lower than that for Sybase Adaptive Server Enterprise database, providing the company with an opportunity to further expand sales of IQ into its own user base as well as into net new accounts."
According to IDC, the worldwide business analytics software market is expected to continue to grow at a compound annual growth rate of 9.7 per cent over the next five years. IDC is also expecting continued growth in the packaged performance management applications market, which is likely to serve as a driver for the growth of the data warehousing market.
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