IDC also reported that SAP has grown faster than the market for financial performance and strategy management (FPSM) applications for the fourth consecutive year.
Two IDC analyses Worldwide Business Intelligence Tools 2009 Vendor Shares1 and Worldwide Financial Performance and Strategy Management Applications 2007-2009 Vendor Shares2 found that SAP leads the BI market with revenues of $1,557.1 million and a 19.5 percent market share while revenue for FPSM exceeded $535 million to deliver a market share of 23.7 percent. The BI and FPSM solutions are part of the overall business analytics market, which also includes customer relationship management (CRM), supply chain, workforce and service operations analytics.
Despite decreased IT spending in general, we continue to see opportunity and growth for vendors in both the BI and the FPSM markets, said Dan Vesset, vice president, Business Analytics Solutions, IDC. SAP is well positioned to address the BI and financial performance management requirements, as well as broader business analytics needs of organizations of all sizes.
BI solutions from the SAP BusinessObjects portfolio continue to lead the 2009 market, capturing almost 20 percent of market share. IDC reports that the BI market continued to grow in 2009, despite negative growth for the overall IT market. In the past year SAP launched SAP BusinessObjects Explorer software, which allows people to navigate through any type of data from SAP or non-SAP sources quickly and intuitively. The company also released the SAP BusinessObjects BI OnDemand solution, which gives casual BI users a complete BI toolset that is easy to use and has a pricing model that scales based on business need.
SAPs continued growth in the FPSM applications market is due in part to its broad portfolio of enterprise performance management (EPM) solutions, including strategy management, profitability and cost management, planning and consolidation, and risk management. In addition, the reports says, With SAPs sustainability management and expanded portfolio of enterprise performance management offerings seeing improved integration with business intelligence tools, the company is well positioned to grow revenue in 2010 and beyond. SAP continues to push the boundaries of EPM with new solutions introduced over the past year, such as the SAP BusinessObjects Spend Performance Management and capital-expenditure starter kit for the SAP BusinessObjects Planning and Consolidation applications.