Global Business Intelligence Market, By Component (Platform, Software, Services), Data Type (Structured Data, Unstructured Data, Semi-Structured Data), Technology (Mobile, Cloud, Social, Others), Deployment Model (On-Demand, On-Premises), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application (Predictive Asset Maintenance, Fraud Detection and Security Management, Supply Chain Optimization, Network Management and Optimization, Workforce Management, Sales and Marketing Management, Operations Management, Others), Industry Vertical (BFSI, Telecommunications and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Government and Defense, Energy and Utilities, Transportation and Logistics, Media & Entertainment, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The business intelligence market is expected to witness market growth at a rate of 14.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on business intelligence market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Business intelligence facilitates businesses to make briefed decisions established on logical facts that concern market trends and customer buying patterns. For example, data exists in various systems over the large organization as they own CRM and ERP operations. Therefore, the prime step to use BI is to prepare an inventory of the data composed by the business.
The growing acceptance of data analytics in end-use industries to study the data and make more established business decisions is anticipated to boost the growth of the business intelligence market in the forecast period. Factors such as expanded use of e-commerce and rising in the acceptance of data-oriented business models by small, medium, and large organizations are the major factors estimated to propel the growth of the business intelligence market. However, difficulty in justifying the ROI of business intelligence is a most likely expected to act as a hinderance in the growth of the business intelligence market. Additionally, advantaging business intelligence and data visualizations during the COVID-19 pandemic, the growing need of creating valuable insights from unused data and embedded business intelligence are the factors that can be posed as opportunities for the growth of the industry. On the other hand, considerable amount of price incurred in-licensing and installing a business intelligence is expected to act as a challenge for the growth of the business intelligence. Also, data integration and dearth of skilled specialist workforce are also challenges that are expected for the growth of the business intelligence market.
This business intelligence market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on business intelligence market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Business Intelligence Market Scope and Market Size
The business intelligence market is segmented on the basis of data type, components, technology, deployment model, organization size, industry vertical and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, the business intelligence market is segmented into platform, software, services.
- Based on data type, the business intelligence market is segmented into structured data, unstructured data, semi-structured data.
- Based on technology, the business intelligence market is segmented into mobile, cloud, social, others.
- Based on deployment model, the business intelligence market is segmented into on-demand, on-premises.
- Based on organization size, the business intelligence market is segmented into small and medium-sized enterprises, large enterprises.
- Based on application, the business intelligence market is segmented into predictive asset maintenance, fraud detection and security management, supply chain optimization, network management and optimization, workforce management, sales and marketing management, operations management, others.
- Based on industry vertical, the business intelligence market is segmented into BFSI, telecommunications and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, transportation and logistics, media and entertainment, others.
Business Intelligence Market Country Level Analysis
The business intelligence market is analysed and market size, volume information is provided by country, data type, components, technology, deployment model, organization size, industry vertical and application as referenced above.
The countries covered in the business intelligence market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the business intelligence market owing to the enlarging trend of for instance data proliferation, increasing competition, cloud deployment and the growing of the acceptance of BI functions and digitalization across several domains. The high acceptance of cloud strategy has amplified the pace of utilization for business intelligence. Asia Pacific is anticipated to show significant amount of growth because of the growing need in the developing countries. Considerable amount of acceptance for BI software and tools, outsourcing activities for cloud deployment, and the need for consumer insights are some of the major factors estimated to propel the growth of the business intelligence market in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Business Intelligence Market Share Analysis
The business intelligence market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to business intelligence market.
The major players covered in the business intelligence market report are SAP SE; IBM Corporation; TABLEAU SOFTWARE; Oracle; SAS Institute Inc.; QlikTech International AB; MICROSTRATEGY INCORPORATED; Information Builders; Pegasystems Inc.; ConnectWise, LLC.; Hitachi Vantara Corporation; ibi; Sisense Inc.; Verizon; RACKSPACE TECHNOLOGY; Cisco; AT&T Intellectual Property; Juniper Networks, Inc.; VMware, Inc; GoodData Corporation; TARGIT; ALTERYX, INC.; Infor.; FICO; Salesforce.com, inc.; ALTEN Group and Stratebi.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.