Business analytics market to grow at CAGR 7% over 2009-14: IDC

The business analytics market is expected to grow at a compound annual growth rate (CAGR) of 7% over the 2009-2014 period with even greater growth expected over the next ten years, according to report by International Data Corporation (IDC).

IDC said that its research showed that end users are hearing more about the benefits of business analytics from widely publicised cases about large retailers, social networking sites, search engines, intelligence agencies, and other organisations that generate and analyse vast amounts of data.

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