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European analytics market set to boom

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28th Apr 2006
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The European market for analytic applications is set to be worth 1.9 billion euros (£1.3 billion) by 2010, according to a study by analyst firm IDC.

The firm forecasts total market growth will increase by 10.3 per cent a year on average until 2010. The biggest growth will be seen in the business performance management and financial analytics sectors.

IDC said that the need for businesses to manage their costs and risks by optimising internal processes and supply chains will feed demand for operational analytics.

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