Business intelligence (BI)  is gaining enormous prominence for a few years, as the most essential decision-making tool in the organization. As per the findings of an IndustryARC study, the global business intelligence market value touched $17 billion in 2018. And, the demand is expected to grow at a compound annual growth rate (CAGR) of 9.00% during the forecast period of 2019 to 2025. Rapid change in the integration of information and the business environment are the major driving factors for the growth of the business intelligence market.

The report, titled “Business Intelligence Market – By Organization (Large Enterprise, SMEs); Industry (Manufacturing, Retail & Consumer Goods, Government & Defense); Geography and Forecast 2019-2025,” states that the substantial driving factors for the business intelligence market development are the growth of advanced analytics, increasing adoption of cloud, emergence of IoT-enabled technologies, and the adoption of data-driven decision making. It is being observed that there is a rapid transformation in the market after the adoption of advanced BI.

Global Business Intelligence (BI) Market: Leading Segments

North America accords for the largest share in the business intelligence market owing to the increasing investments and expenditure made by various indigenous companies and the potential investors from different sectors. It is observed that the U.S contributes the most due to the early adoption of BI solutions, technological advancement, and opportunities across other verticals. However, North America had a regional share of 35% as of 2018, which is one-fifth of the rest of the world’s contribution.

Furthermore, the leading application segment of the BI market is the manufacturing sector, the demand of which is projected to increment superlatively at a CAGR of 14.00% during the aforementioned forecast period. Moreover, the most data-intensive industry is manufacturing, and BI provides massive potential by utilizing the data in the most useful and fruitful way.

Global Business Intelligence (BI)  Market: Disruptive Trends

Master Data and Data Quality Management

Owing to technological advancement, the business units are adopting BI globally. The top- rated trend in the market is master data and data quality management. This in cooperation with BI has initiated a continuous program of enhancing the quality of data and also assist the process of data integration of any data-driven company.

Data Discovery Business Intelligence

Apart from manufacturing, IT users, vendors, and consultants attach a lot of importance to data discovery. This trend is effectively and efficiently adopted by countries such as France, Northern Europe, and South America. The high demand for data discovery in BI has increased data usage.

Self-Service Business Intelligence

This is the third most emerging trend in the market. The companies now prefer to carry out the tasks by themselves instead of passing it on to IT for fulfillment. The objective behind this is to give more responsibility and freedom to the user. This has created an increasing demand for the business intelligence market.   

Global Business Intelligence (BI)  Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global business intelligence market are Tibco Software, Yellowfin International Pty Ltd, Microsoft Corp., Sisense Inc., Tableau Software, Oracle Corp., Qlik Technologies, and SAP SE.

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What can you expect from the report?

The business intelligence market report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

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2. Increase the number of countries in geography chapter.

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4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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