Global Business Intelligence Market Analysis 2021

Global Business Intelligence Market Analysis 2021

The Global Business Intelligence market is expected to reach $43.88 billion by 2027 growing at a CAGR of 9.6% during 2020 to 2027. Business intelligence (BI) is a technical process used to analyze data and present actionable insights to help executives, managers, and other corporate end-users make informed business decisions. BI uses various methodologies, tools, and applications to enable organizations to collect data from internal systems and external sources, analyze, and create reports, dashboards, and data visualizations.

Factors such as the increasing adoption of the cloud and rising growth in data generation are driving the market growth. Though, difficulty to justify the return on investment (ROI) of business intelligence is restraining the market. The rising need to create valuable insights from unused data is an opportunity for the Business Intelligence market.

Based on end user, the banking, financial services, and insurance (BFSI) segment is anticipated to grow at a significant rate during the forecast period due to the sensitivity of financial data and needs to coordinate with numerous other sectors (stock exchanges, tax authorities, central banks, securities controlling authorities, revenue department, etc.)

The key vendors mentioned are IBM, Microsoft, Oracle, SAP, VMware Inc., Pyramid Analytics, Qlik, Salient Management Company, Tableau Software, Targit, Tibco Software, Yellowfin Business Intelligence, Datawatch Corporation, GoodData, Infor, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Alteryx, Board International, and Cisco Systems Inc.

Deployment Modes Covered:
• On-Premises
• Cloud or On Demand

Components Covered:
• Solutions
• Services
• Software and Platform
• Hardware

Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

Business Functions Covered:
• Human Resource
• Finance
• Operations
• Sales and Marketing

Types Covered:
• Unstructured Data
• Semi-structured Data
• Structured Data

Technologies Covered:
• Mobile Business Intelligence (BI)
• Cloud Business Intelligence (BI)
• Social Business Intelligence (BI)
• Traditional Business Intelligence (BI)

Applications Covered:
• Supply Chain Analytic Applications/Supply Chain Optimization
• Financial Performance and Strategy Management
• Production Planning Analytic Operations
• CRM Analytic Applications
• Sales & Marketing Management
• Operations Management
• Predictive Asset Maintenance
• Fraud Detection & Security Management
• Network Management & Optimization
• Workforce Management

End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Government and Public Services
• Healthcare and Life Sciences
• Manufacturing
• Media and Entertainment
• Retail and Consumer Goods
• Telecom and Information Technology (IT)
• Tourism and Hospitality
• Transportation and Logistics
• Education
• Energy & Utilities
• Defense

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period