Worldwide Business Intelligence and analytics grew 7% : Gartner

Worldwide business intelligence (BI), corporate performance management (CPM) and analytics applications/performance management software revenue totaled $13.1bn in 2013, a 6.8% increase from 2011 revenue of $12.3bn, according to Gartner, Inc.

Tough macroconditions and confusion related to emerging technology terms led to more muted market growth than in previous years.

"After a few historic banner years of spend in the BI software market, which culminated in more than 17% growth in 2011, growth was more subdued in 2012, at seven%," said Dan Sommer, principal research analyst at Gartner. "While this seems like a dramatic drop, it was in line with our forecasts published during 2012."