Leading Analyst Firm Names Jaspersoft the Highest Growth Vendor in the Business Intelligence Software Market for 2009 Open source company Jaspersoft excels according to new market share research on BI software, analytics and performance management that evaluates the overall growth of the market
SAN FRANCISCO, April 29 /PRNewswire/ -- Jaspersoft announced today that leading IT analyst firm Gartner identified Jaspersoft as the highest growth vendor worldwide in the business intelligence software market from 2008 to 2009, based on business volume, in their recent report, "Market Share: Business Intelligence, Analytics and Performance Management Software, Worldwide, 2009".
As Senior Gartner Research Analyst, Dan Sommer, stated in an April 22, 2010 Gartner press release*, "Even though growth was nowhere near the levels of 2008, and by no means immune to the recession, BI showed that it is not as cyclical as many other software areas, recording healthy growth in one of the toughest years recorded in software history. Organizations largely continued their BI projects, hoping that resulting transparency and insight would enable cost-cuts and improved productivity and agility. However, there is no doubt pressure has intensified on deal sizes and price points on new sales throughout the year."
"Jaspersoft closed 2009 in a strong position, confident of our product roadmap, customer satisfaction and community momentum," said Brian Gentile, CEO of Jaspersoft. "We are glad to see Gartner recognizing the companies which we believe are innovating in business intelligence -- pushing to deliver richer and more powerful capabilities in visualization and dashboarding, in-memory analysis, and data integration. These innovations can cost-effectively satisfy enterprise-class BI problems using whatever deployment option is best-suited for the customer - on-premise, virtualized, SaaS-based or cloud."
Overall, "worldwide business intelligence platform, analytic applications and performance management software revenue surpassed $9.3 billion in 2009, a 4.2 percent increase from 2008 revenue of $8.9 billion," according to the Gartner release.
"While IT is trying to rationalize around one or a few vendors, the market for self-service BI is wide open. All vendors, small and large, on-premises, open-source or in the cloud, are flocking to cater for this space, trying to co-exist with the enterprise standard," said Mr. Sommer. "We see more buying from line-of-business, as dashboards and data discovery tools with in-memory analytics and ease-of-use visualization has made it an attractive and fast value proposition to bypass IT. The vendors in this segment, together with the open-source crowd, continue to be the fastest growers in the BI market."*
* Gartner Press Release Gartner Says Worldwide Business Intelligence, Analytics and Performance Management Software Market Grew 4 Percent in 2009, April 22, 2010, http://www.gartner.com/it/page.jsp?id=1357514
About Jaspersoft Corporation
Jaspersoft's open source business intelligence is the world's most widely used BI software, with more than 10 million product downloads worldwide and more than 12,000 commercial customers in 100 countries. Jaspersoft provides a web-based, open and modular approach to the evolving business intelligence needs of the enterprise and is the only BI vendor enabling true multi-tenancy while providing a common platform for on-premise, virtualized, SaaS and cloud deployments. Jaspersoft's products span the continuum of core BI requirements, including production reporting, operational & embedded reporting and analysis, interactive end-user query & reporting, dashboards and mash-ups, data analysis and data integration. Its BI software is updated constantly by a community of more than 125,000 registered members working on more than 350 projects, which represents the world's largest business intelligence community. More information is available at www.jaspersoft.com and www.jasperforge.org.
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