PRESS RELEASE – WÜRZBURG, March 30th, 2023
- – Highlight #1: BARC publishes “BARC Score Integrated Planning & Analytics”.
- – Highlight #2: BARC presents seven market leaders and six challengers in the global market.
- – Highlight #3: This BARC Score focuses on integrated solutions for planning, budgeting and forecasting as well as analytics and business intelligence.
BARC publishes BARC Score Integrated Planning & Analytics. This detailed market analysis provides in-depth descriptions of leading software vendors and their solution portfolios for integrated planning & analytics. It is designed to help companies with the software selection process and enables them to measure up solution offerings against their own requirements.
The software market for integrated planning & analytics
The software market for integrated planning & analytics covers a wide range of offerings. In addition to globally active vendors, many local providers offer strong products.
Vendors evaluated in this BARC Score must meet several requirements. Comprehensive functionality for planning, budgeting and forecasting is a must. Relevant core functions focusing on the entire planning process (creation of planning models and masks, handling of the planning process, supporting planning functions), as well as financial and operational (e.g., sales, production, resources, etc.) planning capabilities are equally important.
In addition, solutions must provide comprehensive functions for analytics and business intelligence (e.g., for reporting, analysis and dashboards). A high degree of user-friendliness and seamless integration between all solution components is a decisive characteristic of market-leading solutions.
High degree of market maturity
Many of the vendor portfolios evaluated have reached a high level of maturity. BARC classifies well-established providers that achieve a high degree of market penetration as “Market Leaders”, of which there are seven. Their product portfolio enjoys a high level of recognition on the market and covers a comprehensive range of integrated technologies and requirements. They have a solid product strategy and financial position, compelling sales and marketing programs, and a strong partner network and ecosystem. The “Challengers” segment features six smaller, innovative providers with a promising product portfolio but lower global penetration, as well as some larger providers that either pursue a specific product and application focus or face the challenge of seamless portfolio integration following acquisitions.
Several vendors have presented impressive growth figures for the past fiscal year. At the same time, despite economic concerns about the future, there is still a high demand for professional software solutions on the user side. Many providers therefore expect continued good growth in 2023 and are planning further expansion of their portfolios.
Figure 1: BARC Score Integrated Planning & Analytics Global 2023
(The unredacted graph is available to journalists on request by email to email@example.com)
© BARC 2023
Support for the software selection process
This BARC Score and the accompanying detailed analysis help companies in the software selection process. Well-founded descriptions of the providers and their solution portfolios, including a strengths/weaknesses analysis, enable a comparison with potential buyers’ own requirements.
About BARC Score Integrated Planning & Analytics
This BARC Score comes in two editions: The first examines the global market for integrated planning & analytics products and portfolios while the second focuses on the DACH region (Germany, Austria and Switzerland). Based on countless data points from various BARC surveys and many analyst interactions, vendors are evaluated on a variety of criteria, from portfolio capabilities and architecture to sales and marketing strategy, financial performance and customer feedback.
Only vendors with widely adopted product portfolios are considered. Vendors must meet a series of general criteria in addition to providing various functional capabilities. These include a minimum license and maintenance revenue as well as a vendor’s geographic distribution and reach.
BARC is one of Europe’s leading analyst firms for business software, focusing on the areas of data, business intelligence (BI) and analytics. The company was founded in 1999 as a spin-off of the chair of Business Administration and Information Systems at the University of Würzburg, Germany. Today, BARC combines empirical and theoretical research, technical expertise and practical experience, and a constant exchange with all market participants to provide market-leading research publications, events and advisory.
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