Global Business Intelligence and Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Business Intelligence and Analytics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global business intelligence and analytics market report has been segmented on the basis of deployment mode, platform, service, organization size, industry vertical, and region.
Global Business Intelligence and Analytics Market: Overview
Business Intelligence (BI) and Analytics software provides analytic information to analyze structure and unstructured data, which helps executive, managers, etc., to understand market trend.
Global Business Intelligence and Analytics Market: Dynamics
Rising demand for analyzing real time data and increasing adoption of cloud computing technology across various industries are major factors expected to drive growth of the global market over the forecast period. In addition, increasing development of new technology, such as stream mining in-database analytics and in-memory analytics, which provides real time analytic for fraud detection, and customer interactions is another factor expected to further fuel growth of the target market.
Furthermore, increasing consumer preference towards installation of Internet of things devices in order to generated large amount of real time data is another factor expected to boost growth of the global market over the forecast period. Moreover, increasing demand for performance improvement features by various organizations is another factor expected to propel growth of this market.
However, rising data security concerns is a key factor expected to restrain growth of the global market over the forecast period. In addition, lack of skilled professional is another factor expected to hamper growth of the target market in the near future.
Ongoing trend observed in the target market is increasing demand for real time data analysis, rising spending on self-service BI, and increasing adoption of Natural Language Processing (NLP) in BI and its prevalence among users are some other factors expected to support growth of this market in the near future. In addition, rising preference towards modern BI platforms over traditional BI.
Rising adoption of cloud-based technology across various industries, owing to its cost-effectiveness and instant implementing features is a major factor expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Business Intelligence and Analytics Market: Segment Analysis
As per deployment mode, the cloud based deployment model segment is expected to register highest CAGR over the forecast period, owing to increasing adoption of cloud-based technology by various organizations. As per platform type, the business intelligence platform segment is expected to dominate the target market and is expected to continue its dominance over the forecast period.
Global Business Intelligence and Analytics Market: Regional Analysis
The market in North America is expected to dominate in the target market and is expected to continue its dominance over the forecast period, owing to increasing adoption of business intelligence and analytics software and solution across various organization, especially in the US. In addition, dominance of digitalization in various countries in the region provides a growth opportunity for the target market over the forecast period. The market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period.
Global Business Intelligence and Analytics Market Segmentation:
Segmentation by deployment mode:
Segmentation by platform:
- Business intelligence platform
- Corporate performance management suite
- Advance and predictive analytics
- Content Analytics
- Analytics Application
Segmentation by service:
- Professional Services
- Managed services
Segmentation by organization size:
- Small and Medium Enterprises
- Large Enterprises
Segmentation by industry vertical:
- Energy and Power
- Media and Entertainment
- IT and Telecom
- Others (Education, Government, Retail, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Cornerstone OnDemand, Inc.
- TIBCO Software Inc.
- Tableau Software, Inc.
- SAS Institute, Inc.
- SAP SE
- Qlik Technologies, Inc.
- Oracle Corporation
- MicroStrategy Incorporated
- Microsoft Corporation
- Information Builders, Inc.
- International Business Machines Corporation
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