business intelligence market Size & Trends 2021 - 2028 [CAGR 8.7%] | Industry Share, Growth by Fortune Business Insights

Posted on May 20 2022 6:44 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 covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global business intelligence market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.

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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The study of growth of the key market players in business intelligence market includes new projects with SWOT analysis, speculative returns, innovations and study of the accessibility of companies.

Key companies profiled in the global business intelligence market research 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.

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.

COVID-19 Impact on business intelligence market

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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business intelligence market  Report Aim & Scope:

  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe and Latin America.
  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The various parameters accelerating the growth of the market are incorporated in the research report.

Report Introduction, Overview, and In-depth industry analysis:

  • 150+ Pages Research Report
  • Latest technological developments
  • Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Robust Facts and Factors research methodology
  • market trends, obstacles and growth drivers
  • Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes List of table & figures

Major table of contents:

  • business intelligence market Introduction and Market Overview
  • Research Scope and Market Size Estimation
  • Market Segmentation
  • Research Methodology
  • business intelligence market Market Industry Development Trends under COVID-19 Outbreak
  • Global Revenue and Growth Rate
  • Applications
  • Research Regions
  • Market Dynamics
  • Industry Trends
  • Drivers
  • Market Challenges
  • Market Restraints
  • Industry News and Policies by Regions
  • Concentration Ratio and Market Maturity Analysis
  • Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • PEST Analysis

TOC Continued………

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The business intelligence market report provides answers to the following key questions:

What are the key outcomes of the five forces analysis of the global market?

What are the market opportunities, risks, and overview of the market?

Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry?

What are sales, revenue, and price analysis by regions of this market?

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