According to Stratistics MRC, the Global Business Intelligence Market is accounted for $21.06 billion in 2019 and is expected to reach $44.16 billion by 2027 growing at a CAGR of 9.7% during the forecast period. Some of the key factors propelling the market growth include growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and rise in data generation. However, difficult to justify the ROI of business intelligence is restraining the market growth.
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On the basis of geography, Asia Pacific is expected to emerge as the significant-growing regional market, due to the commercialization of IoT technology and the increasing adoption of advanced technologies in countries such as China, Japan, and India, which are fueling the demand for business intelligence solutions and services. Also, the increasing demand and market for IOT and big data have also provided a more accurate and reliable advantage to the business intelligence market in Asia Pacific region.
Some of the key players in Business Intelligence Market include Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Microstrategy, Inc., Oracle Corporation, Panorama, Pentaho (A Hitachi Company), Qlik Technologies, Rackspace US Inc., SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software, Tibco Software, VMware Inc., and Yellowfin International Pty Ltd.
Deployment Modes Covered:
• Services
• Hardware
• Platforms
• Software
• Solutions
Business Functions Covered:
• Human Resource
• Finance
• Data Analytics
• Online Analytical Processing (OLAP)
• Data Mining
• Process and Text Mining
• Complex Event Processing
Technologies Covered:
• Cloud BI
• Mobile BI
• Social BI
• Traditional BI
• Conventional BI
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Data Types Covered:
• Structured Data
• Semi-structured Data
• Unstructured Data
Applications Covered:
• Supply Chain Optimization
• Workforce Management
• Fraud Detection and Security Management
• Network Management and Optimization
• Predictive Asset Maintenance
• Sales and Marketing Management
• Operations Management
End Users Covered:
• Media and Entertainment
• Transportation and Logistics
• Healthcare and Life Sciences
• Tourism and Hospitality
• Retail & Consumer Goods
• Manufacturing
• Banking, Financial service, and Insurance (BFSI)
• Telecom and IT
• Government and Public Services
• Business Consulting & Services
• Automotive
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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