Global Business Intelligence Market [2021-2028] | to Reach USD 43.03 Billion and Exhibit a CAGR of 8.7%
Posted on Jun 23 2022 5:47 AM
"Companies in the business intelligence market are 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. "
The Global “business intelligence market Size ” 2022 research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The business intelligence market report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analysed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
Worldwide Business Intelligence Market size stood at USD 22.26 Billion in 2020 and is expected to reach USD 43.03 Billion by 2028, register a revenue CAGR of 8.7% during the forecast period.
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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.
Learning from the impacts of COVID-19
COVID-19 brought fast-moving and unexpected impacts for which many existing plans and teams were unprepared. But by learning the right lessons from the pandemic and building resilience for the next crisis, businesses have an opportunity to turn the COVID-19 disruption to their advantage
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Companies involved in the global business intelligence market research report are:
- 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),
- Yellowfin International Pty Ltd,
- Arcadia Data Inc.,
- Infor (Birst),
- 1010data, Inc.,
- Dundas Data Visualization, Inc.
business intelligence market Forecast:
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
business intelligence market Historic Data:
- Industry Trends: Global Revenue, Status, and Outlook.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Geographic Segment Covered in the Report:
The business intelligence market report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Market Drivers
- Market Restraints
- Market Opportunities
- Value Chain
- Key Mergers, Acquisitions, Partnerships, etc.
- Covid-19 Impact on the Market
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