Information management software to top USD37bn by 2015

BUSINESS

-
Image: By BiztechAfrica
Information management software to top USD37bn by 2015

The global information management software market will reach revenues of USD37.4 billion in 2015, a compound annual growth rate of 10% from the USD25.5 billion it will reach at the end of 2011, predicts Ovum. However, EMEA growth will not be as strong.

In a new forecast, the independent technology analyst finds that the strong growth will be driven by enterprises realising information management software’s vital role in their corporate performance.

Ovum lead analyst Nishant Singh commented: “The information management market has been growing steadily over the past five years, with enterprises continuing to make investments despite the global recession. However, the next five will see the market really starting to take off, with strong growth across the globe.

“There are several reasons why information management has become increasingly important to enterprises. Chief among them are shrinking business cycles, increasing process and quality control issues brought about by globalisation, and the fact that most organisations have by now extracted the benefits of their ERP implementations.”

According to Ovum’s forecast, although starting from a lower base the Asia-Pacific region will see some of the strongest growth, reaching a CAGR of 11.57% from 2011 to 2015. The North American market will also grow rapidly, with a CAGR of 10.65% for the same period. Meanwhile Europe, the Middle East and Africa will grow by 7.68%.

Singh continued: “Most of the data generated by IT investments has now overgrown the existing systems that were supposed to capture and accurately portray it, driving a strong need for information management tools such as content management and business intelligence systems. These systems enable enterprises to extract content and information hidden in their diverse data sources, manage that data effectively, and apply sophisticated predictive analytics to improve their processes and decision-making.”

According to Ovum, the top three global information management vendors by market share are EMC, SAS and IBM. Singh commented: “While SAS’ revenues are driven to a large extent by its premium pricing, EMC and IBM have drawn on their market presence in storage and infrastructure software to cross-sell their offerings.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

Econet rejects base station report

Econet Wireless has released a statement refuting recent media reports around its importation of base stations. Read More

Nigeria: potential to become major economic force

Acha Leke A new McKinsey report finds that Nigeria has the potential to expand its economy by roughly 7.1 percent per year through 2030. Read More

Call for pan-African contact centre association

Interactive Intelligence has called for the creation of a call centre association for Nigeria and other African countries as a way of promoting a standard for call centres. Read More

AMI, Strathmore launch free online courses for managers and entrepreneurs in Africa

Managers and entrepreneurs in Africa can now gain advanced skills for free, with the launch of free online courses courtesy of the African Management Initiative (AMI). Read More

Bytes, NCR and Barclays in ATM deal

Bytes Managed Solutions, the exclusive distributor of NCR technology solutions in Southern Africa had signed a deal with Barclays Bank of Botswana (BBB) for the installation of intelligent cash deposit ATMs. Read More

Orange reports 8% revenue growth

Integrated telecommunications service provider Orange has announced an 8% revenue growth for the overall business for the first half of this year, compared to the same period last year. Read More

Business Connexion appoints CEO

Business Connexion Group Limited has announced that Mr. Isaac Mophatlane has been appointed Chief Executive Officer of the company. Read More

Managed service support key to growth for iWayAfrica

Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica business will be partnering with managed services company, SevenC Computing to grow its foothold in key Africa territories.  Read More

Dire need for top IT leadership

There is a huge demand for top leaders with high-level information technology skills, but there are very few candidates who can fill these positions, one of SA’s leading executive search experts says. Read More

AccTech Systems moves strategically into Africa

AccTech Systems has signed an Independent Software Vendor (ISV) agreement with Microsoft to provide solutions to the Microsoft Dynamics NAV and GP Dynamics channel in Africa. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Widening ICT skills gap: Cause for concernWidening ICT skills gap: Cause for concern

Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.

COMPANY NEWS

Schneider Electric introduces Smart-UPS fifth generation range to Southern Africa

Schneider Electric has announced that two next-generation models of its Smart-UPS uninterruptible power supply (UPS) units are now available locally.

VMware reports second quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced financial results for the second quarter of 2014.

New Sage ERP X3 version puts business information at your fingertips

Sage ERP Africa has announced the availability of Sage ERP X3 version 7, the latest version of its global business management solution for midsized companies.