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August 24, 1998

OLAP TOOLS LEAD GROWTH RATES FOR EUROPEAN SOFTWARE

By CBR Staff Writer

The European market for enterprise decision support and information access tools saw some recovery last year after a difficult 1996, according to a new report from International Data Corp. The market was worth $2.14bn in 1997, says the report: Enterprise Decision Support & Information Access Tools, 1998 Market & Trends in Western Europe. The report highlights higher than expected growth in the mature spreadsheet market, though annual growth of less than 5% is forecast for the next few years. Executive information system tools will grow at less than 4%. But query and reporting and OLAP tools should see growth rates of more than 30%, says the report, while statistical and data mining tools will grow at 16% on average over the next five years.

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