IT News from
Enterprise Product Reviews from
Enterprise Software News from
IT Security News from
Enterprise Storage News From
VoIP News from
IT Management Insights from
Business News from
SEARCH

April 28, 2003 (3:43 PM EDT)

Analytics Market Expected To Grow Over Next Five Years

Analytics Market Expected To Grow Over Next Five Years

By

The market for analytical software designed to measure various business departments is expected to increase to $2.5 billion in 2007 from $1.4 billion last year, a market research firm said Monday.

Revenue from so-called enterprise performance management analytics will increase at a compound annual growth rate of 11.9 percent over the next five years, ARC Advisory Group said.

EPM software is designed to measure the performance of key business departments, including finance; sales and marketing; operations such as supply-chain management; and human resources.

While ARC projects solid growth for the software, it warns that vendor hype may dampen future revenue.

""ARC has seen other software solutions that were primarily sold to CEOs and CFOs and promised strategic differentiation,"" ARC analyst Steve Banker said in a statement. ""In the early years, those over-hyped markets grew very fast. Then, the word got out that suppliers were over-promising and under-delivering. A sharp market contraction resulted. The fear is that the EPM segment may share the same fate.""

Following its five-year project, ARC expects the EPM growth rate to slow to less than the rate of inflation.


   Try TechWeb's RSS Feed!
(Note: The feed delivers stories from TechWeb.com only, not the entire TechWeb Network.)

Top ten search terms from the TechWeb TechEncyclopedia

How does your pay rate? Check the InformationWeek Salary Survey

10 Steps to Mobile Security

Systems Management for the Scalable Enterprise

Managing the Mobile Enterprise

Related White Papers

CAREER CENTER
Ready to take that job and shove it?
SEARCH
Function:

Keyword(s):

State:
SPONSOR

RECENT JOB POSTINGS
CAREER NEWS
If you're thinking about establishing yourself in Second Life -- or are wondering whether you should -- we've got five rules that will help your new venture be a success.

The global defense and tech company is seeking tech professionals skilled in Web site development, general software development, database administration, digital manufacturing, SAP/ABAP, complex CAD/CAM and PLM activities.

Advertisement






Specialty Resources

Featured Microsite


Microsites

Featured Topic

Additional Topics

Crush The Competition

TechWeb's FREE e-mail newsletters deliver the news you need to come out on top.

Techencyclopedia

Get definitions for more than 20,000 IT terms.