IDC predicts $5.4bn market target for data warehousing

NEWS The European data warehouse market is set to reach $5.4bn this year, a 22 per cent rise over 1998, according to IDC. The figure includes revenues for hardware, software and services, but it is the services market that is growing fastest at 30 per cent over last year. IDC says that Y2K and Euro projects have held back the data warehouse market for the last year, but it predicts growth will increase during 2000 and 2001 as businesses free up budgets and find they need data warehousing functions in order to compete.