Business Intelligence Managed Services Market Size, Share, Growth Report 2030

Business Intelligence Managed Services Market

Business Intelligence Managed Services Market Size - By Services (Professional Services and Managed Services), By Application (Telecommunications & IT, Healthcare, BFSI, Government & Defense, Manufacturing, and Retail & Consumer Goods), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 115 Report Code: ZMR-6159 Published Date: Apr-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 5 billion USD 11 billion 7.7% 2019

Business Intelligence Managed Services Market

Global Business Intelligence Managed Services Market Overview

The global business intelligence managed services market size was worth around USD 5 billion in 2019 and is predicted to grow to around USD 11 billion by 2026 with a compound annual growth rate (CAGR) of roughly 7.7% between 2020 to 2026. The report offers assessment and analysis of the Business Intelligence Managed Services market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Business Intelligence Managed Services Market: Synopsis

Business Intelligence is a powerful organizational resource that can be utilized for achieving a specific mission. Apart from it, this has become a herculean task for firms to effectively manage & maintain internal business activities. Moreover, the access to the services has become necessity with businesses depending on insights from BI tools for enhancing customer retention & acquisition, minimize operating costs, and reduce time to promote the products. This has created huge demand for BI managed services in the recent years.

In addition to this, business intelligence managed services include practicing of outsourcing management services & functions followed by a strategic procedure for bringing improvement in business operations resulting in reduction of expenses. With BI solutions accessed through cloud and facility of BI tools to be used & accessed even from distant locations, the market for business intelligence managed services will witness acceleration in growth over the forthcoming years.

Business Intelligence Managed Services Market: Growth Drivers

With BI systems having the ability of managing structured & unstructured information for identifying and creating of new business avenues, the market is likely to expand leaps & bounds in the next decade. Business intelligence managed services are utilized by various firms for aiding many operations along with supporting different kinds of strategic business goals of the firms. This, in turn, will produce new growth avenues for business intelligence managed services industry in the foreseeable future. Furthermore, effectively managing of critical data by service providers for a specific timespan offers a firm with creative leverage through allowing of access to data whenever required, thereby favorably influencing the industry growth over 2020-2026. However, the launching of cloud-based technique can pose a threat to the industry growth in the upcoming years. Nonetheless, technological breakthroughs in data analysis procedures along with cost effectiveness of these BI managed solutions will not only offset the impact of hindrances on the market but will create new horizons for market growth path in the forthcoming years.

Business Intelligence Managed Services Market: Report Scope

Report Attributes Report Details
Report Name Business Intelligence Managed Services Market Research Report
Market Size in 2019 USD 5 billion
Market Forecast in 2026 USD 11 billion
Growth Rate CAGR of 7.7%
Number of Pages 214
Key Companies Covered Microsoft Corporation (The U.S.), MicroStrategy Inc. (The U.S.), SAP SE (Germany), Oracle Corporation (The U.S.), Tableau Software (The U.S.), IBM Corporation (The U.S.), Pentaho (The U.S.), Tibco Software (The U.S.), Sisense Inc. (The U.S.), and Qlik Technologies (The U.S.).
Segments Covered By Services, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2016 to 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

North America To Maintain Market Dominance Over 2020-2026

The expansion of business intelligence managed services industry in North America over 2020-2026 is credited to easy access of these solutions and efficacy offered by the BI managed services to the firms in countries such as Canada and the U.S. In addition to this, thriving big data industry in the U.S. will further expedite the growth of business intelligence managed services market in the upcoming years. Presence of giant firms in the sub-continent will enhance the market size.

Business Intelligence Managed Services Market Key participants

  • Microsoft Corporation (The U.S.)
  • MicroStrategy Inc. (The U.S.)
  • SAP SE (Germany)
  • Oracle Corporation (The U.S.)
  • Tableau Software (The U.S.)
  • IBM Corporation (The U.S.)
  • Pentaho (The U.S.)
  • Tibco Software (The U.S.) 
  • Sisense Inc. (The U.S.) 
  • Qlik Technologies (The U.S.)

The global Business Intelligence Managed Services Marketis segmented as follows:

 By Services   

By Application

  • Telecommunications & IT
  • Healthcare
  • BFSI
  • Government & Defense
  • Manufacturing
  • Retail & Consumer Goods

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

With BI systems having the ability of managing structured & unstructured information for identifying and creating of new business avenues, the market is likely to expand leaps & bounds in the next decade. Business intelligence managed services are utilized by various firms for aiding many operations along with supporting different kinds of strategic business goals of the firms. This, in turn, will produce new growth avenues for business intelligence managed services industry in the foreseeable future. Furthermore, effectively managing of critical data by service providers for a specific timespan offers a firm with creative leverage through allowing of access to data whenever required, thereby favorably influencing the industry growth over 2020-2026. Nonetheless, technological breakthroughs in data analysis procedures along with cost effectiveness of these BI managed solutions will not only offset the impact of hindrances on the market but will create new horizons for market growth path in the forthcoming years.

According to Zion market research report, the global Business Intelligence Managed Services market accrued earnings worth approximately 5 (USD Billion) in 2019 and is predicted to gain revenue of about 11(USD Billion) by 2026, is set to record a CAGR of nearly 7.7% over the period from 2020 to 2026.  

North American continent will contribute lucratively towards the global market value over the estimated timeline. The regional market surge can be ascribed to easy access of these solutions and efficacy offered by the BI managed services to the firms in countries such as Canada and the U.S. In addition to this, thriving big data industry in the U.S. will further expedite the growth of business intelligence managed services market in the upcoming years. Presence of giant firms in the sub-continent will enhance the market size.

The key market participants include Microsoft Corporation (The U.S.), MicroStrategy Inc. (The U.S.), SAP SE (Germany), Oracle Corporation (The U.S.),Tableau Software (The U.S.), IBM Corporation (The U.S.), Pentaho (The U.S.), Tibco Software (The U.S.), Sisense Inc. (The U.S.), and Qlik Technologies (The U.S.).

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