Business Objects tops BI market

MUMBAI, INDIA: Business Objects has been named the business intelligence (BI) market share leader, according to the 2006 market share numbers issued by IDC.

The IDC report, "Worldwide Business Intelligence 2006 Vendor Shares (June 2007,)" combines software license and maintenance revenue data from query, reporting, and analysis tools, as well as advanced analytics software.

With 2006 BI software license and maintenance revenues of $893.6 million, Business Objects owns a 14 per cent share of the business intelligence software tools market.

In the report, IDC notes that in 2006, the BI market grew 11.5 per cent to reach $6.25 billion in worldwide software revenues.

In addition, IDC reported that Business Objects BI tools revenue is now 30 per cent larger than the next closest vendor. Business Objects also continues to lead the end-user query, reporting, and analysis tools category, the largest segment of the BI market, capturing nearly 18 per cent of that market, an IDC statement said.

"Business Objects has been on top of the business intelligence market for more than a decade now," said John Schwarz, chief executive officer at Business Objects. "Through continuous innovation and strong execution of our vision, Business Objects has set standard within the industry for what a complete BI platform must deliver to customers.”