International Data Corporation (IDC) has named Hyperion Solutions as the clear leader in analytic applications, with nearly 18% market share. The IDC report, Analytic Applications: 1998 Worldwide Markets and Trends (IDC# 17524), also identifies Hyperion as the dominant provider of financial-related analytic applications, with more than 36% of the market.
The report ranks vendors in the analytic applications market based on revenue data from the 1997 calendar year. IDC`s preliminary analysis of 1998 trends indicates that Hyperion will maintain its position as the leading supplier in this market. IDC also predicts the analytic applications market will exceed $3,6bn in revenues by the year 2002.
A second report, Data Warehousing Tools: 1998 Worldwide Markets and Trends (IDC #17622), segments the data warehouse tools market into three categories: data management, warehouse generation and information access tools. The three categories form the underlying platform for analytic solutions. Hyperion Solutions, with its Hyperion Essbase OLAP (online analytical processing) Server and tools, is one of the leading suppliers in the information access category. IDC predicts the data warehouse information access tools market will reach $3,5 billion by 2002.
IDC`s analytic applications report highlights Hyperion`s leadership in multi-source financial consolidation, and in budgeting and planning. According to the report, the financial consolidation sector "is dominated by Hyperion Solutions with its [Hyperion] Enterprise product". Hyperion Pillar leads the budgeting and planning category in the report, the largest individual category of analytic applications.
"Hyperion Solutions is the dominant provider of analytic applications," says Henry Morris, program director of Data Warehousing and Information Access research at IDC.. "Hyperion`s packaged applications are the leading solutions in the financial-related analytic application segment, the largest category in the `buy` market for analytic solutions. Based on the strength of the Hyperion Essbase product family, Hyperion is also one of the leading providers of information access tools for analytic solution `builders.` "
All Hyperion products are distributed in South Africa by Global Technology Business Intelligence.
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