PRZOOM - /newswire/ -
Cape Town, South Africa, 2008/09/29 - The need to digitise and manage increasing volumes of data, coupled with the expansion of e-governance initiatives, will drive the uptake of business intelligence (BI) tools in sub-Saharan Africa.
New analysis from Frost & Sullivan (ITservices.frost.com), Business Intelligence Software Tools Market in Sub-Saharan Africa, finds the total value of the business intelligence software tools market for 2007 to be $759.0 million and estimates that this will increase at a compound annual growth rate of 10.1 per cent between 2006 and 2013.
“Sub-Saharan Africa's BI software tools market is set to continue experiencing double digit growth, despite the global market slowing down,” notes Frost & Sullivan Industry Analyst Lindsey Mc Donald. “South Africa currently contributes more than 60 per cent of the total revenues, but there is high potential for growth in the rest of the region.”
Market prospects are mainly limited by a lack of technical expertise to effectively implement and support BI tools. In addition, uncertainties about return on investment (ROI) and the ineffective integration of legacy systems and new solutions are restricting demand.
“Uncertain ROI timeframes are dampening market potential as organisations are concerned about the costs involved,” Mc Donald says. “Most BI tools need to be installed for an extended period of time before companies realise the benefits.”
The introduction of more consolidated, user-friendly, end-to-end BI tools that require limited technical skill for implementation and support will accelerate market growth. The development of reliable, high-performance systems, effective distribution channels and good product price range will also be key to successful market penetration.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the business intelligence software tools market in sub-Saharan Africa, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
Business Intelligence Software Tools Market in sub-Saharan Africa is part of the IT Services & Applications Growth Partnership Service Programme, which also includes research in the following markets: East African Broadband Market; West African Broadband Market; South African ICT Channel Partner Analysis; and South African Carrier Ethernet. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Business Intelligence Software Tools Market in sub-Saharan Africa