So-called “modern BI and analytics platforms” outpace traditional business intelligence, but rate will slow down.
Gartner is forecasting a 7.3% increase in the business intelligence (BI) and analytics software market this year to $18.3bn, with what it calls “modern BI and analytics” expanding more rapidly than the overall market.
The research and advisory system last year refocused its Magic Quadrant from “IT-led reporting to modern business-led analytics”. This had the effect of putting Tableau, Qlik and Microsoft in the leaders part of the quadrant, while Microstrategy, SAP, IBM and SAS were all downgraded, and Oracle dropped out completely.
However, Gartner is now saying that the “modern BI and analytics market is expected to decelerate” from 63.6% growth in 2015 to a projected 19% by 2020. It stated its belief that this reflects data and analytics becoming mainstream in a press statement ahead of its forthcoming slew of data and analytics summit, which takes place in Sydney, Texas, London , Tokyo, Mumbai and Sao Paulo.
