The BI (business intelligence) software market cooled off a bit in 2012 after ?a few historic banner years? of spending growth, due to difficult economic conditions and even confusion over industry buzzwords such as ?big data,? according to a report from analyst firm Gartner.
Global spending on BI software was $13.1 billion last year, a 6.8 percent rise over 2011?s $12.3 billion total, but the pace of growth slowed considerably from the approximately 17 percent rate experienced in 2011, Gartner said in the report released Thursday.
?While this seems a dramatic drop, it was in line with our forecasts published during 2012,? analysts Dan Sommer and Bhavish Sood wrote in the report.
However, ?global macroeconomic conditions cannot be ignored,? the report adds. ?They led to increased budget scrutiny of both net-new as well as maintenance spending across the entire IT space, and BI was no exception.?
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