Oracle Named Worldwide Vendor Share Leader in Business Analytics Software by Market Research Firm
Leads Combined Performance Management Tools and Applications and Data Warehouse Platform Software Segments with 14.2 Percent Vendor Share.
REDWOOD SHORES, Calif.- Oracle today announced that it has been named the leading business analytics software vendor for the fourth consecutive year based on 2006 software revenues by analyst firm IDC.
IDC defines the business analytics software market as comprising performance management (PM) tools and applications and data warehouse (DW) platform software for accessing, transforming, storing, analyzing, modeling, delivering, and tracking information to enable fact based decision making and extend accountability by providing all decision makers with the right information at the right time using the right technology. In its report, “Worldwide Business Analytics Software 2007-2011 Forecast Update and 2006 Vendor Shares,” IDC determined that Oracle was the business analytics industry leader with $2.7 billion in software revenue for 2006, and 14.2 percent vendor share -- more than one and a half times the share of its nearest competitor at 8.2 percent. Overall, IDC estimates that total business analytics software revenues grew by 11.2 percent in 2006 to reach $19.3 billion. IDC expects total revenues to continue to grow at a healthy compound annual growth rate of 10.3 percent over the next five years.
“Once again, Oracle was the market share leader in business analytics software for 2006,” said Dan Vesset, program vice president of IDC’s Business Analytics research. “With continued acquisition and innovation, Oracle showed increasing growth across several segments of the business analytics market. The company’s related business analytics offerings and relative size in all segments of the market resulted in Oracle having the broadest solution diversity ranking and the highest momentum in the market.”
IDC comments that Oracle will further extend its leadership gap in 2007 due to the acquisition of Hyperion. The Hyperion solution stack, coupled with Oracle’s BI applications and tools, continues to drive Oracle’s revenue beyond its data warehouse platform roots, and according to IDC gives Oracle the broadest solution diversity amongst all vendors in the study. IDC notes that additional investments in the latest release of Oracle’s query, reporting, and analysis tools are also likely to start contributing more revenue to Oracle in 2007 and beyond.
An excerpt of IDC’s “Worldwide Business Analytics Software 2007-2011 Forecast Update and 2006 Vendor Shares” report is available for review at: http://www.oracle.com/corporate/analyst/reports/infrastructure/bi_dw/208699e.pdf .
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