Business intelligence (BI) software market in India is projected to reach $213.8 million in 2016, an increase of 18.6 percent over the 2015 revenue of $180.2 million, technology research and analyst firm Gartner said in a report.
These software solutions include BI platforms advanced analytics platforms, analytic applications and corporate performance management (CPM) software. The growth is expected to gain momentum as Indian enterprises start actively adopting machine learning techniques and smart data discovery solutions, it added. “The BI and analytics market is undergoing significant change. Adoption of machine learning techniques, and the emergence of smart data discovery solutions are fueling next round of investments,” said Bhavish Sood, research director at Gartner.