The Information and Data Management Software (IDMS) market in Asia Pacific continued to grow 8.02 percent year-on-year in 2008 to an estimated US$2,107.99 million, said IDC Wednesday.
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The IDMS market includes RDBMS, and non-relational databases management systems as well as data integration and database tools, according to the research firm.
The market grew on the back of maintenance revenue stream, and on-going implementations and other projects that were approved pre-crisis. This includes those that were pulled through by application deployments and data warehouse implementations, IDC noted.
However, the region's IDMS market wasn't sparred from the impacts of the economic crisis and declined slightly in USD terms in 2H 2008 as cost control measures kicked in and IT initiatives deemed non-mission-critical were delayed, said IDC.
"The outlook for the IDMS market in 2009 in this region has been adversely impacted due to a generally strong focus on cost cutting measures, deferral of large transformational projects and a wait-and-see attitude from businesses -- even from those that are comparatively financially secure during this crisis," said Sharon Tan, research manager of IDC's Asia/Pacific Software Research. "However, data volumes generated from IT systems and the demand for better and more 'real time' information is still growing."
Stronger growth rates are expected during the later years of IDC's 5-year forecast period from 2008 to 2013, fueled by a number of factors, including more sophisticated data management needs, solution adoption to meet more stringent compliance and regulatory requirements particularly in the financial sectors, and business intelligence/ business analytics projects aimed at providing improved insights into business operations and to support the decision making process, said IDC.
"Increased emphasis on cost minimization is also likely to lead to stronger interest in open source alternatives and may also bring opportunities to niche / lesser-known vendors in the region's IDMS market," said Tan.
A recent end-user research conducted by IDC further supports a cautiously optimistic outlook for the IDMS market. 29.1 percent of respondents in Asia Pacific indicated that they intended to either newly deploy or will increase current deployment of Database Management Software during the next 18 months or so.
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