PM spending to approach $23 billion

Calculations in a recently released report from AMR Research shows that performance management spending may hit $23 billion in 2006; hot items include business intelligence and dashboards. Indeed, another scintillating tidbit presented in the report is the forecast of a $5.22 billion total for the dashboard and scorecard market segment, equaling a growth rate of more than twenty-five percent.

The business intelligence market segment is also slated for some nice growth, with a rate of ten percent forecasted to reach about $6.35 billion. The planning, budgeting and forecasting market segment will represent just over $4 billion, against last year’s $4.14 million for a decrease of approximately 3.5 percent.

The analytics applications market segment is the big loser here, with a seventeen percent decline figured. “These decreases are not easily explainable, because customer inquiries are veering more into these areas,” said AMR Research vice president John Hagerty. “The biggest impediments companies report in deploying PM are access to enterprise-wide data and data from customers and suppliers outside of the firm.”