IDC: Data Warehouse Tool Market Will March Toward $17 Billion in 2004
The market for data warehouse tools is growing strongly. According to IDC, worldwide revenue in this industry will increase at a compound annual growth rate (CAGR) of 26 percent from $5 billion in 1999 to $17 billion in 2004.
"All segments of the data warehouse tool software market are contributing to the overall market's healthy growth," said Dan Vesset, Senior Analyst for IDC's Datawarehousing and Information Access program. "However, information access is leading the charge. The gradual shift of revenue from warehouse generation and management to information access tools is a factor of the maturation of data warehousing. As buyers move from the initial stages of use to full deployment, spending priorities will shift from capturing and storing the data toward delivering the information to a wider range of users."
IDC segments data warehousing tools into the following areas: generation tools, management tools, and information access tools. With worldwide revenues increasing at a 1999-2004 CAGR of 35 percent to $8.8 billion, the data warehouse information access market will overtake the data warehouse management segment, grabbing more than half of the overall data warehousing tools market in 2004. By comparison, its share in 1999 was 36 percent.
IDC believes North America is and will continue to be the largest market for data warehouse tools despite its share dipping a couple of points during the forecast to 50 percent. Western Europe and Asia/Pacific will account for market shares of 31 percent and nearly 13 percent, respectively, in 2004. The Windows environment will continue to be the dominant platform.
For more information, visit www.idc.com.