Gartner predicts that BI platform revenues will rise 11.2% in 2008 to reach $5.8 billion. However, over the next four years the compound annual growth rate will only average 8.1%, bringing the annual sales to $7.7 billion in 2012.

Gartner analysts expect BI platform revenue to be less affected by an economic downturn than some other technologies because of the high priority BI platforms hold with CIOs. BI was the number one technology priority in 2008 in a worldwide survey by Gartner of 1,500 CIOs – the third consecutive year that the technology has held the top spot.

Further reading

IT spending to slow Economic downturn will affect IT spend, says Forrester Research.

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