The latest report published by Fortune Business Insights highlights the growth prospects of the Business Intelligence Market Size 2024 In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.
The global Business Intelligence Market size is expected to grow from USD 29.42 billion in 2023 to USD 63.76 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 9% during the forecast period.
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Top Companies Covered In This Report:
- Microsoft Corporation,
- Tableau Software, LLC (Salesforce),
- IBM Corporation,
- SAS Institute Inc.,
- SAP SE,
- Oracle Corporation,
- QlikTech International AB,
- Sisense Inc.,
- Board International S.A,
- Logi Analytics, Inc.,
- Teradata Corporation,
- MicroStrategy Incorporated,
- Informatica LLC,
- Domo, Inc.,
- Hitachi Vantara LLC (Pentaho),
- TARGIT,
- Yellowfin International Pty Ltd,
- Arcadia Data Inc.,
- Infor (Birst),
- BITAM,
- 1010data, Inc.,
- Dundas Data Visualization, Inc.
Driving Factor:
Drivers and Restraints
Incorporation of Cloud and Big Data Services to Spike Market Growth
The rising adoption of cloud-based services is expected to increase business intelligence technology’s adoption. The fragmentation of complex data leads to the adoption of effective data management services that streamline information gathering. The rising adoption of internet of things IoT services leads to the collection of a vast number of data. Analysts depend heavily on BI to help companies undertake effective decisions. Further, the adoption of big data and social media platforms has necessitated the adoption of data analytics software. Moreover, business intelligence technology helps companies improve their operations and survive the incessantly competitive market. These factors are likely to drive the business intelligence market growth.
However, high setup costs associated with BI infrastructure are expected to hinder the market progress.
Report Highlights:
- A comprehensive overview of the Business Intelligence Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Business Intelligence Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Business Intelligence Market Segments:
By Component
- Solution
- Services
By Deployment
- Cloud
- On-Premise
- By Enterprise Size
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
By Application
- Supply Chain Analytic Applications
- CRM Analytic Applications
- Financial Performance
By End-User
- IT and Telecommunications
- BFSI
- Healthcare
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Regional Analysis for Business Intelligence Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Research Methodology:
The analysis of research methodology involves the evaluation of the techniques employed in a research study to collect and analyse data. This report integrates both primary and secondary data analysis, enabling companies to gain a comprehensive understanding of the research topic. By triangulating data from multiple sources, this approach helps validate findings and generate new insights. The analysis encompasses the assessment of research design, data collection techniques, sampling methods, and data analysis tools utilized in the study. By examining these elements, the analysis aims to determine the reliability, validity, and generalizability of the research findings. Factors such as the alignment of study design with research objectives, appropriateness of data collection methods, representativeness of sampling techniques, suitability of analytical methods, and adherence to ethical considerations are carefully evaluated.
FAQ’s
Q.1. What are the primary drivers of the Business Intelligence Market?
Q.2. What are the main factors propelling and impeding the growth of the Business Intelligence Market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Business Intelligence Market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Business Intelligence Market now and in the future?
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Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Business Intelligence Market Growth Overview
3.1 Definition and Classification
3.2 Business Intelligence Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Business Intelligence Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Business Intelligence Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Business Intelligence Market Analysis
6.1 Business Intelligence Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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