Sybase #1 vendor in revenue growth

BANGALORE, INDIA: Sybase, Inc. announced that in a recent report, titled 'Worldwide Business Analytics Software 2008-2012 Forecast and 2007 Vendor Shares', IT market research advisory firm IDC released figures that placed Sybase as an industry leading vendor in revenue growth for the business analytics software market for 2007. 

The IDC figures revealed that 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 percent.

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 percent to reach $22.1 billion for the worldwide market.

Dan Vesset, program vice president of IDC's business analytics research, said: “The future of the data warehouse platform software market remains bright. As various business intelligence (BI) and analytics projects remained high on the priority lists of organisations of all sizes, the demand for DW platform software to support these BI and analytics projects has continued to grow."

“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,” he added.

The current IDC report reinforces the firm’s previous analysis that Sybase continues to develop a leadership position in the data warehousing market. A recent IDC report (Worldwide Data Warehouse Platform Software 2007 Vendor Shares; IDC #213671, August 2008) showed that Sybase grew its DW platform software revenue by 46 percent to $138 million. The increase was driven by a 77 percent growth rate for the Sybase IQ column-based analytics server and the Sybase Analytic Appliance, which combines best-of-breed products including Sybase IQ, PowerDesigner and Extract, Transform and Load (ETL) solutions.