Asia-Pacific business intelligence market generated $340 mln in 2005

IDC estimated that the Asia/Pacific excluding Japan (APEJ) business intelligence market size for 2005 was nearly $340 mln. This represented a healthy annual growth rate of 22.5%. The market is expected to remain on the fast growth track with a 5-year CAGR of 13.5%, reaching $639 mln by 2010. In 2005, the Singapore BI and BPM market was valued at $19.54 mln and is anticipated to enjoy a 5-year CAGR of 12.7%. The Hong Kong market was estimated at $16.43 mln in 2005 and predicted to breach the $25 mln dollar mark before the end of the decade.