Moreover, increasing the use of data and business analytics software backed by continuous investments in business intelligence and tools is generating high revenue growth. Our support available to help you 24 hours a day, five days a week. It also presents the overview of industry players, advantages, challenges, PRESS RELEASE FOR The market players are increasingly undertaking initiatives such as new product launches and product updates, to stay competitive in the market. We are in compliance with GDPR & CCPR norms. Please fill out the form below for a free PDF report sample & The presence of major players in cloud BI software in North America is expected to propel the regional growth of the market. Discrete manufacturing makes up 11.3%, professional services and process manufacturing both take up 8.2%, government uses 6.8%, an… Buy 1 Technavio report and get the second for 50% off. Even though the advantages of adopting BI software are plenty, the initial investment of buying a suitable BI platform or software, implementing it in the organization, and training the employees on utilizing it is high. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Organizations in the region are focusing to enhance their management system and increase overall efficiency to stay competitive in the market. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. The licensing prices of BI software are not entirely based on software development costs but are largely influenced by the market conditions at the time of purchase. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data … For instance, in 2018 Microsoft Corporation invested USD 14.7 billion in research and development to develop advanced products and services, which helped the company to maintain a competitive advantage over its competitors. Technology Outlook (Revenue, USD Billion, 2014 - 2025), Function Outlook (Revenue, USD Billion, 2014 - 2025), Tool Outlook (Revenue, USD Billion, 2014 - 2025), Deployment Outlook (Revenue, USD Billion, 2014 - 2025), Enterprise Size Outlook (Revenue, USD Billion, 2014 - 2025), End-use Outlook (Revenue, USD Billion, 2014 - 2025), Regional Outlook (Revenue, USD Billion, 2014 - 2025), We never share your personal data. Revenue in USD billion and CAGR from 2019 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends. Charlotte, NC - High penetration of e-commerce mainly in emerging economies such as India, China, and Brazil is anticipated to create lucrative opportunities for business intelligence software industry participants during the forecast period. Manufacturing is the leading segment that has witnessed significant changes in recent years due to a rise in global competition, which results in eradicating the traditional approach and creating a data-oriented structure. Hence, the primary step to utilize BI is to prepare an inventory of the data produced by the business. Knowing a language also means to know specific vocabularies. The global social business intelligence market was valued at US$ 19,043Mn in 2019 and is forecast to reach a value of US$ 30,049Mn by 2027 at a CAGR of 5.9% between 2020 and 2027. Dec 02, 2020 (Market Insight Reports) -- Selbyville, Delaware. The key players in the market are Cloud9 Analytics; Google, Inc.; IBM Corporation; Informatica; Microsoft Corporation; Oracle Corporation; SAP SE; SAS Institute, Inc.; and Tableau Software. This growth in market size will be attributed to numerous factors including the growing adoption of data analytics, an increase in data availability, increased acceptance of cloud business intelligence (BI) by SMEs, and the improved efficiency of BI tools. This is further expected to drive demand for the cloud business intelligence software over the forecast period. The query reporting and search tools segment dominated the market in 2018. Valencia. The necessity of BI for organizations stems from decision support systems wherein managers use computer applications to test their decisions. We offer our services to all Americans above the age of 18. These factors are further expected to boost the growth of the cloud deployment segment over the forecast period. Global Business Intelligence Market Size, Trends & Growth Opportunity, By Deployment Type (on-premise, and On-demand), By Component (Platform, Software, and Services), By End Use Industry(Manufacturing, Retail & Consumer Goods, Media & Entertainment, Energy & Utilities, Government & Defense, and Others) By Region and Forecast till 2027 The company that launched just over a year ago as a online , vegan , cruelty free and zero plastic bath products company was chosen as a Small business Sunday (SBS) winner. This attentiveness in thought of business persons brought the concept of dropship business. Growing demand for cloud-based business solutions in the SME sector is driving the market. Based on function, the market is segmented into executive management, finance, information and deployment, and sales and marketing. The Business Intelligence (BI) Market was valued at USD 20.516 billion in 2019 and is expected to reach USD 40.50 billion by 2025, at a CAGR of 12% over the forecast period 2020 - 2025. Saas-Based Business Intelligence (Bi) Industry 2020 Global Market research report is a professional and in-depth study on the market size, growth, … Home » Reports » Global Business Intelligence Market Size, Status and Forecast 2019-2025. BI software allows small and medium enterprises to analyze their corporate data and to make decisions to drive profitability and growth in the market. The dashboards and scorecards segment is expected to witness remarkable growth over the forecast period. Based on deployment, the business intelligence (BI) software market is segmented into hosted and on-premise. The global “Artificial Intelligence Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Cloud deployment enables business applications to be scaled quickly, can be easily integrated with third-party applications, and provides security at all levels of the enterprise IT architecture so that these applications can be monitored remotely. Privacy Policy. It also comprises the competitive landscape within the, Yorkshire small business wins top business award, Yorkshire based small business Rebel n Rose has won a top business award from former Dragons Den's Theo Paphitis. Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. Rising usage of social media sites such as Twitter, Facebook, LinkedIn, YouTube, and Instagram are also expected to drive the demand for the social business intelligence segment to manage the rapidly growing user data. The use of real-time data compilation tools and advanced analytical engines are driving the demand for BI software in large enterprises. This rea… online dashboard trial. Based on technology, the BI software market is segmented into cloud business intelligence, mobile business intelligence, social business intelligence, and traditional business intelligence. The US is a key market for business intelligence and analytics platforms market in North America. Based on enterprise size, the market is segmented into large enterprises and small and medium enterprises. We stand by our report quality. For this study, Grand View Research has segmented the global business intelligence (BI) software market report based on technology, function, tool, deployment, enterprise size, end-use, and region. This dominance can be attributed to the rise in the adoption of BI applications and digitalization across various domains. In this background, the manufacturing industry is subject to a demand for a data-driven business model. As manufacturing costs are growing rapidly following a decline in profit margins, government regulations are also thickening for the manufacturing sector all across the globe. Data scalability is a prominent feature of BI software and applications. Global Business Intelligence and Analytics Software market accounted for $22.79 billion in 2017 and is expected to reach $55.48 billion by 2026 growing at a CAGR of 10.4% during the forecast period. Business founder, Global Interferon Market Business Growth, Business Opportunities, Business Outlo …, Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Interferon Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. Classified as a tax-preparation company. The market is majorly driven by extensive use of e-commerce and an increase in the adoption of data-oriented business models by small, medium, and large organizations. © 2004 - 2020 openPR. … BFSI is the leading end-use segment in 2018 accounting for a high revenue share. First, let’s dive into who makes up the business intelligence market. The report will account for Covid19 as a key market contributor. The study objectives are to present the Business Intelligence development in United States, Europe and China. Addition or alteration to country, regional & segment scope. We use Sweepstakes Promotional Software as our year-round promotion. This is expected to drive demand for on-premise deployment segment over the forecast period. Fortune Business Insights™ in its latest report published this information. This website is secure and your personal details are safe. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. These factors are expected to further drive demand for BI software in small and medium enterprises segment. Design an exclusive study to serve your research needs. Although, cloud hosting being a preferred strategy, many vendors opt for an on-premise BI strategy. Please wait while we are processing your request... Business Intelligence Software Market Size, Industry Report, 2019-2025, Request discounts available for Start-Ups & Universities. Explore purchase options. It also comprises the competitive landscape within the market together with a, Global Healthcare IT Outsourcing Market To Surpass Valuation Of US$ 73.1 Billion …, The market research report titled “Global Healthcare IT Outsourcing Market To Surpass Valuation Of US$ 73.1 Billion by 2024 - ZMR” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Healthcare IT Outsourcing Market. From their initial versions called decision support systems (DSS) that first came out in the 1960s, business intelligence tools had undergone far longer and more extension developments compared to other software technologies today. Information on Tableau, Microsoft SQL Server Reporting, SAP Crystal Reports, IBM Cognos Enterprise and … Furthermore, cloud business intelligence software is easy to install in the existing business operations and allows enterprises to focus on their core business. Business Intelligence (BI) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 – 2026 News Provided By Wise Guy Consultants Pvt. Business intelligence software enables businesses to make informed decisions based on logical facts involving market trends and consumer buying patterns. Both large and small and medium enterprises are increasingly adopting BI software to strengthen the internal as well as external business processes. The BI software allows financial institutions to analyze large amounts of customer data to gain insights about their customers, which can be used to improve products and services. The report entails details about the market with data collected over the years with its wide-ranging analysis. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. This report focuses on the global Business Intelligence status, future forecast, growth opportunity, key market and key players. BI enabled dashboards and scoreboards to allow businesses to analyze the data to enable corporate staff and end-users with more informed business decisions. Growing adoption of the Internet of Things (IoT) in the production process and Industry 4.0 initiative are making the conditions ideal for the manufacturing industry to opt for BI software. Avail customized purchase options to meet your exact research needs. Business Intelligence Market Overview The worldwide BI market is forecasted to grow at a CAGR of 7.6 percent, and it is estimated to reach $25 billion by 2020. It also comprises the competitive landscape within the market together, Global Hereditary Cancer Testing Market To Surpass Valuation Of US$ 147.62 Billi …, The market research report titled “Global Hereditary Cancer Testing Market To Surpass Valuation Of US$ 147.62 Billion By 2024 - ZMR” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Hereditary Cancer Testing Market. Story continues. This report has a service guarantee. Furthermore, deploying cloud-based BI software allows businesses to concentrate on their core activities rather than managing their IT environment. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. BI tools enable the finance department within an organization with key insights about future trends, subsequently allowing the company to calculate risk. Large organizations have adopted the “Big Data” approach to organizing internal and external datasets. The ' SaaS-based Business Intelligence (BI) market' study now available with Market Study Report, LLC, delivers a concise outlook of the powerful trends driving market growth. This report also includes valuable information pertaining to market share, market size, revenue forecasts, regional landscape and SWOT analysis of the industry. On the contrary, significant cost incurred in-licensing and installing a BI software is expected to pose a challenge to the market growth. Executive management is anticipated to witness remarkable growth over the forecast period. For instance, restaurant chains such as Wendy’s and Ruby Tuesday in the U.S. are significantly using BI software to enhance customer relationships. Furthermore, the organizations are already benefitting from the traditional BI tools and are skeptical about adopting the advanced BI software. The BI approach enables the companies to implement strategic decisions in a way such that it brings out a positive transformation resulting in high-quality customer service. For instance, in healthcare, social business intelligence can provide key insights that can enhance outcomes for patient’s treatment, analysis of treatment plans, and minimizing hospitalization expenses. North America; Europe; Asia Pacific; South America; Middle East & Africa, U.S.; Canada; UK; Germany; India; Japan; China; Brazil. The global BI software market was valued at about $14.3 billion in 2018 and is expected to grow to $28.77 billion at a CAGR of 19.1% through 2022. Accurate market share and competitor analysis for Business Intelligence industry. Based on end-use, the market is segmented into BFSI, government, healthcare, IT and telecom, manufacturing, media and entertainment, and others. The report entails details about the market with data collected over the years with its wide-ranging analysis. For instance, options such as subscription, pay-per-use, and pay-as-you-go are some of the prominent techniques that help an organization to scale its data. It also presents the overview of industry players, advantages, challenges the business, Global Intramuscular Immune Globulin Market Business Growth, Business Opportunit …, Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intramuscular Immune Globulin Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. View market snapshot before purchasing. This dominance can be attributed to increased deployment of BI software to enable constant access to the client database, secure transactions, and enhanced client experience. Business Intelligence Market research report which provides an in-depth examination of the market scenario regarding market size, share, demand, growth, trends, and forecast for 2020-2026. All rights reserved. BI software also gathers customer data from various online channels and allows small and medium enterprises to identify buyers and bring their products and services to their target market. Transporting raw data and conducting an in-depth analysis enables consumers to gain insights for their business by employing the information assets as and when needed. Therefore, the search tools can help consumers to impart significant learning about the product/service they wish to opt for. On-premise deployment is easy to configure and easily integrated with existing IT and operational systems. It provides a visual representation of key performance indicators (KPI) in the form of charts, graphs, and maps, which allow businesses to make more informed decisions. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. Artificial intelligence is based on complex mathematical models that requires large amount of data. Social business intelligence is an important aspect of the BI industry, wherein the growing number of individuals within a domain produces massive amounts of information for future access. Table of Content. The insurance industry is expected to confront the pressure associated with cost-efficiency. Cloud9 Analytics; Google, Inc.; IBM Corporation; Informatica; Microsoft Corporation; Oracle Corporation; SAP SE; SAS Institute, Inc.; and Tableau Software. Based on tools, the market is segmented into dashboards and scorecards, OLAP and visualization tools, predictive analytics, and query reporting, and search tools. The ' Self-Service Business Intelligence market' study Added by Market Study Report, LLC, provides an in-depth analysis pertaining to potential drivers fueling this industry. Global Digital Pathology Market To Surpass Valuation Of US$ 980 Million By 2024 …, The market research report titled “Global Digital Pathology Market To Surpass Valuation Of US$ 980 Million By 2024 - ZMR” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Digital Pathology Market. Dashboards and analytical tools relay a significant level of focus on measurements that are important for business decisions. The Asia Pacific is expected to emerge as the fastest-growing region owing to the rise in demand in emerging economies such as China and India. Rising awareness for several benefits offered by BI software enables a high scope for organizations to target their customers and enhance user experience. IMMEDIATE RELEASE FOR: Owing to technological proliferation, and growing usage of IoT and analytics, companies can now track and compile behavioral data with a clear … Thus, a smart entrepreneur always looks for the opportunity that can guarantee a good profit quotient. It also comprises the competitive landscape within the, Global Bio-Based Materials Market To Surpass Valuation Of US$ 94,150.0 Million B …, The market research report titled “Global Bio-Based Materials Market To Surpass Valuation Of US$ 94,150.0 Million By 2026” and published by Zion Market Research provides an insightful comprehension about the growth aspects, dynamics, and working of the global Bio-Based Materials Market. Regions such as North America and Europe have high market maturity, and APAC is anticipated to experience high market growth. Global Business Intelligence (BI) Market Size, Status and Forecast 2018-2025 Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. This is expected to provide lucrative business opportunities for BI software industry participants over the forecast period. Technology, function, tool, deployment, enterprise size, end use, and region. The global contact center intelligence market size is expected to reach USD 5.78 billion by 2027, registering a CAGR of 23.5% from 2020 to 2027, according to … The global business intelligence market is expected to surpass USD 17 billion in market size by 2020, accelerating at a CAGR of 10% between 2016-2020. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America. This is to introduce Jackpot Money, LLC. Also, a BI software helps in tracking the KPIs, which consists of an umbrella of tools that uses big data and develops highly useful metrics for evaluation of feedback. North America dominated the market in 2018 and was valued at USD 8.2 billion. All interactions are confidential. Furthermore, the increasing adoption of data analytics in end-use industries to analyze the data and make more informed business decisions is expected to drive demand for the BI software. This is a business that enables you to earn profit without being involved in selling out and shipping small to. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The high adoption of cloud strategy has doubled the rate of usage for business intelligence. Report ID: 4754 3300 Service & Software Dataintelo 111 Pages 4.5 (48) Report Details. Business Intelligence Market Share & Size. The report entails details about the market with data collected over the years with its wide-ranging analysis. Free report customization (equivalent up to 8 analysts’ working days) with purchase. Key players such as Microsoft Corporation, IBM Corporation, and Amazon are focusing on integrat… The extensive use of financial tools for collecting, processing, and analyzing financial data in real-time environments that help in making in better business decisions, is expected to drive the growth of the finance segment. For instance, data exists in several systems across the large organization as they own CRM and ERP applications.
2020 business intelligence market size