The latest report by Fortune Business Insights, titled ‘Business Intelligence Market 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Business Intelligence Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Business Intelligence Market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Business Intelligence 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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Driving Factor:
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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Top most manufacturers/ Key player by Business Leaders Leading Players of Business Intelligence Market:
- 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.
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)
Frequently Asked Questions (FAQs):
- What is the current market scenario?
- What was the historical demand scenario, and forecast outlook from 2023 to 2030?
- What are the key market dynamics influencing growth in the Global Business Intelligence Market?
- Who are the prominent players in the Global Business Intelligence Market?
- What is the consumer perspective in the Global Business Intelligence Market?
- What are the key demand-side and supply-side trends in the Global Business Intelligence Market?
- What are the largest and the fastest-growing geographies?
- Which segment dominated and which segment is expected to grow fastest?
- What was the COVID-19 impact on the Global Business Intelligence Market?
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Table of Contents
Industry Overview:
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Business Intelligence Market Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
Competitive Landscape:
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
Customer Analysis:
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
Product/Service Analysis:
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Business Intelligence Market Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
TOC Continued…
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