Global Business Intelligence Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Business intelligence defines the management and employment of effective data in the aspect of the decision making processes. This helps in analysing various aspects of data for a collection of applications and software includes a host of components. The major benefit from business intelligence is the ability to offer predictive analysis of data also relates to upcoming query.
Global Business Intelligence Market Segments Size & Growth:
Global business intelligence market is accounted for $18.74 billion in 2017 and estimated to grow at a CAGR of 9.67% during the forecast period of 2019-2025 to reach $39.22 billion by 2025. Increasing adoption of cloud technologies, rising usage of data analytics, growing fast decision making, accelerating penetration of smart phone, inclination in enterprise resource planning, exploring advanced analytics and emergence of IoT enabled technologies are the factors driving the growth of business intelligence market. On the other hand, high cost for the initial investment, variation in regulation policies, shortage of skilled expertise and proper maintenance of data quality are anticipating the demand for business intelligence market. Increase adoption rate across SMEs, embedded business Intelligence, expected to return on investment, the high requirement of creating insights from unused data, enhancing awareness on business intelligence market, improving the efficiency of BI tools and rise in social network access are expected to boost demand for business intelligence market.
Global Business Intelligence Market Segments Share:
Global business intelligence market is segmented into type consists of unstructured, semi structured and structured data. Semi structured
Global Business Intelligence Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
data type is estimated to witness major share owing to growing IoT devices market and increasing adoption of data analytics. By the component, services segment is playing a dominant role as they simply reduce the efforts, summarise large data sets, helps organisations to save money & time and enabling employees to focus more on tasks. From the technology segment, social BI is dominating the technology based market due to expanding business intelligence, detecting the risks and increasing the profit scale. Based on deployment mode, the business intelligence market is classified into the cloud, and on premises. By organisation size business intelligence market is segmented into small and medium sized enterprises, large enterprises. Based on applications, fraud detection and risk management is anticipated to grow over thee forecast period due to increasing immediate triggering actions, enables easy decision making and making easy of machine learning. In the end user segment, BFSI holds the major share owing to accessing a large volume of data, enhancing customer experience and analysing the decision making process.
By Geography, North America accounted for the major share in the global business intelligence market due to the rapid adoption of emerging technologies and presence of in memory analytics vendors on a large scale. The Asia Pacific is estimated to witness tremendous growth over the forecast period based on factors includes increasing investments on technology, motivated government policies and exploring the level of digitalisation.
Global Business Intelligence Market
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Global Business Intelligence Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Segments Trends:
- In January 2018, Oracle Corporation had collaboration with Deloitte which plays a key role in developing Oracle supply chain management as a part of Oracle cloud applications.
- In September 2018, IBM Corporation has extended collaboration from Mash to provide block chain proof of insurance to more clients through salesforce platform
Global Business Intelligence Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key business intelligence market leaders are:
- Microsoft Corporation
- Oracle Corporation
- SAS Institute, Inc.
- IBM Corporation
- SAP SE
Along with these companies, there were many other companies considered/cited in the report while analysing the global business intelligence market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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