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

Nigeria’s forex policy hurts ICT business: Spectranet

Spectranet’s David Venn, Davendra Singh and Mike Ogor in Lagos The Central Bank of Nigeria policy that has taken the dollar out of circulation is hurting business, says Spectranet. Read More

Global Tech Investor Techstars selects its first company from East Africa

US accelerator TechStars believes Kenya's Bamba Group could be the next AirBnB or Dropbox within the next five years. Read More

WorldRemit raises $45m to drive next phase of growth

Money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. Pioneering a mobile-first approach to remittances, WorldRemit will use the funds to support its rapidly growing transfer volumes. Read More

Jumia, AXA partner to provide insurance products and services to African customers

AXA will become the exclusive provider of insurance products and services through Jumia and other AIG online and mobile platforms in Africa. Read More

Orange to acquire Millicom subsidiary in DRC

Orange and Millicom have signed an agreement leading to Orange’s acquisition of Millicom’s operations in the DRC. Read More

Ringier Africa and Asia Pacific get new structure and leadership

Ringier is restructuring its international market set-up for the beginning of the new year, with four dedicated teams established for each of the African business models.  Read More

Travelstart secures strategic partnership with MTN

Amadeus, the global technology investor, has announced a $40m investment in Travelstart in partnership with MTN, Africa’s leading mobile and digital life services operator.  Read More

VMware appoints new Regional Director of SSA

VMware has announced the appointment of Matthew Kibby as regional director of Sub-Saharan Africa (SSA). Read More

More than 700 delegates at Sage’s first African Business Partner Conference in South Africa

Sage’s first African Business Partner Conference in SA marks a milestone in Sage’s journey towards becoming the global market leader for integrated accounting, payroll and payment systems. Read More

SweepSouth secures funding from top SA Venture Capitalists

Vumela Fund has backed online home cleaning services platform SweepSouth. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks Unlimited

FEATURED STORY

Viber Spreads Good Vibes in Africa with the introduction of public chats Viber Spreads Good Vibes in Africa with the introduction of public chats

Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East. 

IN DEPTH

Poised for greater heights – Roshi Motman, AfricaCom CEO of the Year WinnerPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner

Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation. 

COMPANY NEWS

DStv Eutelsat Star Awards winners named

Students from Ghana and Zimbabwe have scooped top honours at 5th edition of DStv Eutelsat Star Awards organised by MultiChoice Africa and Eutelsat.