Global Business Intelligence Market Size study & Forecast, by Component, By Deployment, By Application, By Enterprise Size, By Vertical, and Regional Analysis, 2022-2029, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Business Intelligence market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Business Intelligence market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Business Intelligence (BI) Market is valued at approximately USD 24.85 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2029. Business intelligence (BI) is a procedural and technical framework for storing, collecting, and analyzing data produced by an organization’s operations. It includes performance benchmarking, data mining, descriptive analysis, and process analysis. The need for these solutions in the market is increased by the growing emphasis that businesses are placing on strategic decision-making, insightful data, quick and accurate reporting, and increased productivity. The surging demand for dashboards for data visualization to enhance the ability in making business decisions, coupled with the increasing adoption of data analytics by enterprises are the key driving factors for global market growth.
In addition, the rising adoption of connected devices and the emergence of IoT-enabled technologies is further fueling the market demand. According to a report by DHS, 86% of the owners and operators of critical infrastructure in high-tech industries have deployed cloud solutions. The report has revealed the spending of different sectors on critical infrastructure using cloud services; there is an increase expected from USD 152 billion in 2020 to USD 223 billion by 2025. Consequentially, the growing demand for cloud and associated technologies devices is directly associated with the growth of the Business Intelligence (BI) Market. Furthermore, the increasing usage of integrated BI systems, as well as the rising growth in data generation are presenting various lucrative opportunities over the forecasting years. However, the high investment costs for on-premise solutions and the lack of skilled professionals are hindering market growth over the forecast period of 2022-2029.
The key regions considered for the Global Business Intelligence (BI) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to rapid developments in automation and digitization, rising focus on new innovations and advancement, along with the increasing presence of leading market players across the region. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as the growing investment in business intelligence solutions, increasing government initiatives to enhance IT & telecommunication, as well as the rising awareness of embedded BI solutions are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- Microsoft Corporation (U.S.)
- Tableau Software, LLC (Salesforce) (U.S.)
- IBM Corporation (U.S.)
- QlikTech International AB (U.S.)
- SAP SE (Germany)
- Oracle Corporation (U.S.)
- Redash (Databricks) (Israel)
- Mode Analytics Inc. (U.S.)
- Looker (Google) (U.S.)
- Infor (U.S.)
Recent Developments in the Market:
In January 2023, Microsoft announced the integration of Power BI in Microsoft Teams for improved customer experiences. The three new features are updated heritage Power BI tabs for Channels 2.0, rich broadcast cards for Chat in Microsoft Teams, and listening to and learning from user experiences and requirements.
In December 2022, Tableau announced that the company introduced its upgraded Tableau 2022.4 for business users and analysts with the objective of exploring insights. It automates the production, examination, and transmission of insights using data stories including Data Change Radar, Data Guide, and Explain the Viz.
Global Business Intelligence (BI) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment, Application, Enterprise Size, Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Component:
- Solution
- Services
By Deployment:
- On-Premises
- Cloud
By Application:
- Supply Chain Analytic Applications
- CRM Analytic Operations
- Financial Performance and Strategy Management
- Production Planning Analytic Operations
- Others
By Enterprise Size:
- Large Enterprises
- SMEs
By Vertical:
- BFSI
- IT and Telecommunication
- Retail and Consumer Goods
- Manufacturing
- Healthcare
- Others
What our report offers:
- Executive Summary: A concise overview of the report, highlighting the main points, key findings, and recommendations.
- Introduction: Sets the context for the report by explaining the purpose, scope, and objectives. It may also include background information on the topic.
- Methodology: Describes the methods and approaches used to gather data, conduct research, and analyze information for the report. This section provides transparency and credibility to the findings.
- Findings/Results: Presents the main information, data, and analysis related to the topic. It may include charts, graphs, tables, or other visual aids to support the findings.
- Analysis and Interpretation: Provides an in-depth examination and interpretation of the findings. It may involve comparing data, identifying trends, and drawing conclusions based on the evidence presented.
- Discussion: Explores the implications and significance of the findings within the broader context. This section may address challenges, opportunities, and potential solutions related to the subject matter.
- Recommendations: Offers actionable suggestions based on the analysis and findings of the report. Recommendations should be specific, feasible, and linked to the report’s objectives.
- References/Citations: Includes a list of sources, references, or citations used in the report. This ensures proper attribution and allows readers to explore the referenced material.
- Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
- Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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Key Points Covered in Business Intelligence Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Business Intelligence (BI) Market, by Region, 2019-2029 (USD Billion)
1.2.2. Business Intelligence (BI) Market, by Component, 2019-2029 (USD Billion)
1.2.3. Business Intelligence (BI) Market, by Deployment, 2019-2029 (USD Billion)
1.2.4. Business Intelligence (BI) Market, by Application, 2019-2029 (USD Billion)
1.2.5. Business Intelligence (BI) Market, by Enterprise Size, 2019-2029 (USD Billion)
1.2.6. Business Intelligence (BI) Market, by Vertical, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Business Intelligence (BI) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Business Intelligence (BI) Market Dynamics
3.1. Business Intelligence (BI) Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rising adoption of connected devices and the emergence of IoT-enabled technologies
3.1.1.2. Surging demand for dashboards for data visualization
3.1.2. Market Challenges
3.1.2.1. High investment costs for on-premise solutions
3.1.2.2. Lack of skilled professionals
3.1.3. Market Opportunities
3.1.3.1. Increasing usage of integrated BI systems
3.1.3.2. Rising growth in data generation
Chapter 4. Global Business Intelligence (BI) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
……..and view more in complete table of Contents
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