Business Intelligence Software Market: Global Industry Analysis, Outlook and Forecast 2027

Business Intelligence Software Market size was valued at US$ 18.33 Bn. in 2020 and the total revenue is expected to grow at 8.46 % through 2021 to 2027, reaching nearly US$ 32.36 Bn.

Business Intelligence Software Market Overview:

Business intelligence is a term that refers to a collection of tactics and technology that are used to analyze data and deliver business intelligence to a company. Business analytics, on the other hand, refers to the skills, techniques, and processes that are utilized to study and analyze a company's historical performance in order to forecast future performance and make appropriate planning decisions. Business intelligence collects both historical and present data for analysis; business analytics, on the other hand, collects primarily historical data in order to forecast future market intelligence. Business Intelligence Software Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Business Intelligence Software Market Dynamics:

Businesses can use business intelligence software to make smart judgments based on logical facts such as market trends and customer buying patterns. For example, because the major corporation owns ERP and CRM apps, data is spread across multiple systems. As a result, the first step in implementing BI is to create an inventory of the data generated by the company. In addition, the growing usage of data analytics in end-use sectors to evaluate data and make better business decisions is likely to boost demand for BI software. Due to a significant increase in the demand for real-time analytics in the previous period, BI software market growth is aided by an increase in data-driven projects. As per the International Data Group (IDG), 69% of firms are planning or adopting data-driven initiatives to improve production and sales, improved decision making, and corporate strategic planning, among other things. Nosiness intelligence software is being used by companies in the industry to observe consumer behavior and interaction with their products and services. Starbucks, for example, has begun to use business intelligence software in conjunction with CRM software to predict client shopping behaviour. End-user companies are increasingly turning to cloud-based business intelligence technologies to improve security, gain access from anywhere online, and take advantage of economies of scale. The cloud-based BI software is a virtual network that can be accessed over the internet and is housed on the vendor's servers to facilitate device interaction. Companies gain from cloud-based BI software because of its cost-effectiveness and low investment, as there are no new hardware requirements, a quick implementation period, and other factors. According to MMR Report, cloud-based technologies accounted for 50% of IT infrastructure spending in 2018, and this figure is estimated to rise to 60-70 percent by 2020 for optimal disk space. Cisco Systems Inc. paid $270 million for Accompany, an AI-driven business intelligence firm. Cisco will be able to improve artificial intelligence and machine learning capabilities, as well as deepen partnerships, as a result of this acquisition. Accompany creates an artificial intelligence-driven relationship intelligence platform for professionals by providing mobile apps and Web-based products that provide contextual insight into relationships. The firm was established in 2013 and is based in Los Altos, California. Also, Microsoft Corporation, a technology firm based in the United States, spent about $14.5 billion on research and development in 2018 to design and release innovative software. Microsoft was able to surpass its rivals as a result of this. On the other hand, high costs associated with licensing and implementing BI software are estimated to hamper industry growth. The licensing pricing of BI software is heavily determined by market circumstances at the time of purchase and is not solely dependent on software design costs. Business Intelligence Software Market 1

Global Business Intelligence Software Market Segment Analysis:

The global Business Intelligence Software Market is segmented by Technology, Function, Enterprise Size, deployment and Applications. Based on the Technology, the global Business Intelligence Software market is sub-segmented into Cloud Business Intelligence, Mobile Business Intelligence, Social Business Intelligence, and Traditional Business Intelligence. The Cloud Business Intelligence segment held the largest market share of xx% in 2020. Because cloud solutions provide clients with condition monitoring, which covers the costs of hardware and software problems, the cloud business intelligence category accounted for a considerable portion of the market. Additionally, cloud business intelligence software is simple to integrate into existing business processes, allowing companies to concentrate on their core competencies. Users can access data from a mobile phone, tablet, laptop, desktop, and other networked devices using the software. Over the projection period, this is likely to boost demand for cloud business intelligence software. Business Intelligence Software Market 2 Based on the Enterprise Size, the global Business Intelligence Software market is sub-segmented into Large Enterprises and Small & Medium Enterprises. The Large Enterprises segment led the Business Intelligence Software market with a market share of around xx% in 2020 and it is expected to grow at a higher CAGR of xx% in the global Business Intelligence Software market during the forecast period. BI software is rapidly being used by both large and small and medium businesses to improve internal and external business processes. The need for BI software in large businesses is being driven by the usage of real-time data compilation tools and powerful analytical engines. The growing importance of capital allocation and strategic decision-making is likely to fuel the growth of large organizations. Business Intelligence Software Market 3 Based on the Technology, the global Business Intelligence Software market is sub-segmented into Hosted and On-premise. The On-premise segment held the largest market share of xx% in 2020. On-premise implementation is simple to set up and support the integration of IT and business platforms. Over the projected period, this is expected to fuel demand for on-premise deployment. Despite the fact that cloud hosting is the favoured method, many companies prefer to use on-premise BI. On-premise implementation has several advantages, including a high level of specificity and, as a result, lowers costs if more resources are required.

Global Business Intelligence Software Market Regional Insights:

North America held the largest market share of xx% in 2020. The surge in the adoption of BI software and modernization across multiple areas can be associated with this dominant position. The widespread use of cloud-based systems has increased the rate of business intelligence consumption. The deployment of key cloud BI software vendors in North America is projected to fuel the market's intensive growth strategies. Asia Pacific is expected to grow at the highest CAGR of xx% in the global business intelligence software market during the forecast period. Because of the rising demand for business intelligence software in emerging markets such as China, Japan, and India, to name a few. Additionally, the Asia Pacific market is expected to increase due to the relatively high penetration of business intelligence software and associated hardware, the growing number of cloud deployment outsourced activities, and the increasing use of Big Data, IoT, and other technologies. In order to remain successful in the extremely competitive market, firms in the Asia Pacific, particularly large-scale organizations, are focusing on improving work management systems to boost efficiency and productivity. Business Intelligence Software Market 4 The objective of the report is to present a comprehensive analysis of the global Business Intelligence Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Business Intelligence Software Market dynamic, structure by analyzing the market segments and project the global Business Intelligence Software Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Business Intelligence Software Market make the report investor’s guide.

Global Business Intelligence Software Market Scope: Inquire before buying

Business Intelligence Software Market 5

Global Business Intelligence Software Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Business Intelligence Software Market Key Players

• SAP • Microsoft • SAS • Oracle • IBM • Qlik • Tableau Software • Information Builders • Teradata • MicroStrategy • Yellowfin International • Zoho • Jaspersoft • Sisense • Phocas • Domo • Sysomos • ZAP BI • Salesforce • datapine • Javelin Group • Square

Frequently Asked Questions:

1] What segments are covered in Business Intelligence Software Market report? Ans. The segments covered in Business Intelligence Software Market report are based on Technology, Function, Enterprise Size, Deployment Type and Applications. 2] Which region is expected to hold the highest share in the global Business Intelligence Software Market? Ans. North America is expected to hold the highest share in the global Business Intelligence Software Market. 3] What is the market size of global Business Intelligence Software Market by 2027? Ans. The market size of global Business Intelligence Software Market by 2027 is US $ 32.36 Bn. 4] Who are the top key players in the global Business Intelligence Software Market? Ans. SAP, Microsoft, SAS, Oracle, and IBM are the top key players in the global Business Intelligence Software Market. 5] What was the market size of global Business Intelligence Software Market in 2020? Ans. The market size of global Business Intelligence Software Market in 2020 was US $ 18.33 Bn.
1. Global Business Intelligence Software Market: Research Methodology 2. Global Business Intelligence Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Business Intelligence Software Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Business Intelligence Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Business Intelligence Software Market Segmentation 4.1 Global Business Intelligence Software Market, by Technology (2020-2027) • Cloud Business Intelligence • Mobile Business Intelligence • Social Business Intelligence • Traditional Business Intelligence 4.2 Global Business Intelligence Software Market, by Function (2020-2027) • Executive Management • Finance • Information and Deployment • Sales and Marketing 4.3 Global Business Intelligence Software Market, by Enterprise Size (2020-2027) • Large Enterprises • Small & Medium Enterprises 4.4 Global Business Intelligence Software Market, by Deployment (2020-2027) • Hosted • On-premise 4.5 Global Business Intelligence Software Market, by Applications (2020-2027) • BFSI • Government • Healthcare • IT & Telecom • Manufacturing • Media & Entertainment • Others 5. North America Business Intelligence Software Market(2020-2027) 5.1 Global Business Intelligence Software Market, by Technology (2020-2027) • Cloud Business Intelligence • Mobile Business Intelligence • Social Business Intelligence • Traditional Business Intelligence 5.2 Global Business Intelligence Software Market, by Function (2020-2027) • Executive Management • Finance • Information and Deployment • Sales and Marketing 5.3 Global Business Intelligence Software Market, by Enterprise Size (2020-2027) • Large Enterprises • Small & Medium Enterprises 5.4 Global Business Intelligence Software Market, by Deployment (2020-2027) • Hosted • On-premise 5.5 Global Business Intelligence Software Market, by Applications (2020-2027) • BFSI • Government • Healthcare • IT & Telecom • Manufacturing • Media & Entertainment • Others 5.6 North America Business Intelligence Software Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Business Intelligence Software Market (2020-2027) 6.1. Asia Pacific Business Intelligence Software Market, by Technology (2020-2027) 6.2. Asia Pacific Business Intelligence Software Market, by Function (2020-2027) 6.3. Asia Pacific Business Intelligence Software Market, by Enterprise Size (2020-2027) 6.4. Asia Pacific Business Intelligence Software Market, by Deployment (2020-2027) 6.5. Asia Pacific Business Intelligence Software Market, by Applications (2020-2027) 6.6. Asia Pacific Business Intelligence Software Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Business Intelligence Software Market (2020-2027) 7.1 Middle East and Africa Business Intelligence Software Market, by Technology (2020-2027) 7.2. Middle East and Africa Business Intelligence Software Market, by Function (2020-2027) 7.3. Middle East and Africa Business Intelligence Software Market, by Enterprise Size (2020-2027) 7.4. Middle East and Africa Business Intelligence Software Market, by Deployment (2020-2027) 7.5. Middle East and Africa Business Intelligence Software Market, by Applications (2020-2027) 7.6. Middle East and Africa Business Intelligence Software Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Business Intelligence Software Market (2020-2027) 8.1. Latin America Business Intelligence Software Market, by Technology (2020-2027) 8.2. Latin America Business Intelligence Software Market, by Function (2020-2027) 8.3. Latin America Business Intelligence Software Market, by Enterprise Size (2020-2027) 8.4. Latin America Business Intelligence Software Market, by Deployment (2020-2027) 8.5. Latin America Business Intelligence Software Market, by Applications (2020-2027) 8.6. Latin America Business Intelligence Software Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Business Intelligence Software Market (2020-2027) 9.1. European Business Intelligence Software Market, by Technology (2020-2027) 9.2. European Business Intelligence Software Market, by Function (2020-2027) 9.3. European Business Intelligence Software Market, by Enterprise Size (2020-2027) 9.4. European Business Intelligence Software Market, by Deployment (2020-2027) 9.5. European Business Intelligence Software Market, by Applications (2020-2027) 9.6. European Business Intelligence Software Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. SAP 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Microsoft 10.3. SAS 10.4. Oracle 10.5. IBM 10.6. Qlik 10.7. Tableau Software 10.8. Information Builders 10.9. Teradata 10.10. MicroStrategy 10.11. Yellowfin International 10.12. Zoho 10.13. Jaspersoft 10.14. Sisense 10.15. Phocas 10.16. Domo 10.17. Sysomos 10.18. ZAP BI 10.19. Salesforce 10.20. datapine 10.21. Javelin Group 10.22. Square

About This Report

Report ID 23915
Category Information Technology & Telecommunication
Published Date Jan 2019
Updated Date Nov 2021
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