China’s top business intelligence software in 2019 released, FanRuan ranked first: IDC

The size of China’s business intelligence software market for the entire year of 2019 was US$490 million, an increase of 22.6% year-on-year, according to the data tracking report of China’s business intelligence software market in the second half of 2019 released by IDC.

The size of China’s business intelligence software market for the entire year of 2019 was US$490 million, an increase of 22.6% year-on-year, according to the data tracking report of China’s business intelligence software market in the second half of 2019 released by IDC.

Affected by the epidemic, the growth rate of China’s business intelligence software market will slow down in 2020, up 18.1% year-on-year, IDC predicts.

The five largest business intelligence software in China are as follows:

FanRuan

SAP

Microsoft

IBM

SAS

China's top business intelligence software in 2019 released, FanRuan ranked first: IDC

In terms of market performance, FanRuan, a domestic manufacturer, ranked first with a market share of 16.3%.

SAP and Microsoft ranked second and third with 9.2% and 8.5% respectively. IBM and SAS ranked fourth and fifth with 5.9% and 5.2% respectively.

FanRuan was established in 2006, focusing on the field of business intelligence and data analysis, and currently has more than 10,000 clients.

By 2023, the size of China’s business intelligence software market will reach 1.65 billion US dollars, and the overall market compound annual growth rate (CAGR) will be 32.0% in the next five years, IDC predicts.

Source and images: https://www.idc.com/getdoc.jsp?containerId=prCHC45729819

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/17/china-s-top-business-intelligence-software-in-2019-released-fanruan-ranked-first-idc/.

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