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Business Intelligence Market - Global Industry Analysis

Business Intelligence Market By Cloud BI, Mobile BI And Other Deployments: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028

Published Date: 03-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 130 Report Code: ZMR-151 Status : Published

The Global Business Intelligence market accounted for USD 22.16 Billion in 2020 and is expected to reach USD 42.95 Billion by 2028, growing at a CAGR of around 8.6% between 2020 and 2028.

Description

Market Overview       

The Global Business Intelligence market accounted for USD 22.16 Billion in 2020 and is expected to reach USD 42.95 Billion by 2028, growing at a CAGR of around 8.6% between 2020 and 2028.   

Business Intelligence is a technology based process which analyses and transforms raw data into useful and actionable information for business analysis purposes. BI technologies handle the large amounts of organized and sometimes organized data to help identify, develop and create new strategic business opportunities. BI technologies helps to provide historic, current and predictive views of business operations which helps executives, managers to take practical decisions. The main aim of implementing BI initiatives is to make improved business decisions which in turn will result in revenue growth and also improve efficiency in business operations. BI allows easy interpretation of these large volumes of data which benefits in implementing an effective strategy based on insights and can provide businesses with a competitive market advantage and long-term stability. BI comprises of a combination of analytics, data management and reporting tools, various methodologies for managing and analysing data.

COVID-19 Impact Analysis

The global Business Intelligence market has witnessed a slight decline in the growth for short term due to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand of Business Intelligence. The market would remain bullish in upcoming year.

The significant decrease in the global Business Intelligence market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

Various sectors focusing on digital transformation, raising investments in analytics, increasing demand dashboards for data visualization, increase in acceptance of cloud, and rise in data generation will drive the growth of the business intelligence market. Business intelligence is now being used by many enterprises to support a wide range of business decisions ranging from operational to strategic which in turn making Business Intelligence market grow considerably. The benefits of implementing Business Intelligence are so many but the data security is one of the major concern for the Business Intelligence vendors. Though, the Business Intelligence is in its early stages of growth, it will not become outdated because of the growing demand of data visualization. The initial cost for having a business intelligence tool or platform and its implementation in the organizations is very high. This will impact on the growth of Business Intelligence market as the budget is the main concern for many companies to spend on the newer technologies.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Technology Segment Analysis Preview 

Business Intelligence market is segmented into two types: Technology and Deployment. Mobile BI is one of the important groups of Business Intelligence which held approximately 63.2% of the overall market in 2020. Mobile BI class is expected to be the largest segment in the market due to growing demand from pharmaceutical industry. Lower cost and easy availability of the products is expected to propel the growth of Mobile BI segment. Technology class of Business Intelligence market is further sub-segmented into Mobile BI, Cloud BI and Social BI.

Deployment Segment Analysis Preview

The market is segmented into two types: Cloud BI and On-Premises BI. On-premises applications may now take advantage of cloud-based storage, networking, and software, as well as analytical capabilities. Cloud deployment enable the organization to outsource the BI infrastructure to manage BI applications. This helps the organization to increase productivity, optimize implementation timelines, and reduce operational costs. Hence, cloud deployment is expected to show a remarkable growth rate.

Key Market Players & Competitive Landscape

Major market players of Business Intelligence market comprise Microsoft, IBM, Oracle, Microstrategy, GoodData, Targit, SAS, and Tableau Software among others play an important role.

The global Business Intelligence Market is segmented as follows:

By Technology

  • Mobile BI
  • Cloud BI
  • Social BI

By Deployment

  • Cloud BI
  • On-Premises BI

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

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.2. Market Attractiveness Analysis, By Deployment
      • 2.1.1.3 Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Business Intelligence Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Business Intelligence Market – Technulogy Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 4.2. Mobile BI
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Cloud BI
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Social BI
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Business Intelligence Market – Deployment Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Deployment, 2020 & 2028
    • 5.2. Cloud BI
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. On-Premises BI
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Business Intelligence Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Technulogy, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Deployment, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Technulogy, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Deployment, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Technulogy, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Deployment, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Technulogy, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Deployment, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Deployment, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Deployment, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Deployment, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Deployment, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Deployment, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Deployment, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Technulogy, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Deployment, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Deployment, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Deployment, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Deployment, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Deployment, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Deployment, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Deployment, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Deployment, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Deployment, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Technulogy, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Deployment, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Technulogy, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Deployment, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Technulogy, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Deployment, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Deployment, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Technulogy, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Deployment, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Technulogy, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Deployment, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Technulogy, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Deployment, 2016 – 2028
  • Chapter No. 7: Business Intelligence Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2020
      • 8.1.1. Global Business Intelligence Market: Company Market Share, 2020
      • 8.1.2. Global Business Intelligence Market, Company Market Revenue, 2017 – 2020 (USD Million)
      • 8.1.3. Global Business Intelligence Market, Company Y-o-Y Growth, 2017 – 2020(%)
      • 8.1.4. Global Business Intelligence Market: Radar Determinant Chart, 2020
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Microsoft
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. IBM
    • 9.3. Oracle
    • 9.4. Targit
    • 9.5. SAP
    • 9.6. Tableau Software
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

Free Analysis

Business intelligence is a technology motivated process for analyzing data and presenting actionable information to help business managers, corporate offices and other end users to make more informed business decisions. BI encompasses varieties of tools, applications, and methodologies that enable organizations to collect data from internal systems and external sources, prepare it for statistical analysis, develop and run queries against the data. IT further helps to create reports, dashboards, and data visualizations to make the results available to corporate decision makers as well as operational workers. BI is a mixture of tools and techniques used to transform raw data into meaningful information for the critical business decision-making process. It helps users to examine data, receive information from various channels or business activities, and use that information in organizational opportunities to improve business efficiency.

The BI solution, when integrated with analytics can handle a large amount of unstructured data to identify and analyze business patterns. This technology helps users to examine current and historical data.

Global Business Intelligence Market

BI solution helps to produce better business decisions with timely, accurate and more comprehensive analysis of corporate information assets. These advantages drive the growth of Business Intelligence market. Also, ability to identify growth opportunities, reduce costs and wastage by identifying areas of high expenditure, inefficiencies and analyzing transactional records are the major factors to accelerate the growth of the market. Other drivers of the market include benefits such as identifying risks and threats, increase profit share, improve and measure workplace productivity by employee operational and supply chain efficiencies. With the enormous rise in the data generated in organizations, business intelligence & analytics industry have is growing at rapid speed. Business intelligence and analytics solutions offer an attractive opportunity to organizations for exceptional growth. Organizations now look for these types of solutions in order to solve their business problems that also help them improve overall business performance and stay competitive in the market. Integrating the Business Intelligence tool with other operational and management system, establishing and maintaining the appropriate data quality to feed into the Business Intelligence system are some of the limitations affecting the growth of this market.
Technology advances over the past few years have allowed business leaders to knock into more detailed, and precise data about their customers and their markets than ever. Information about customers, pricing, products, competitors, market changes and employee performance are all examples of business intelligence. The growing adoption of data analytics by organizations worldwide is a major driver for the growth of this market. BI tools are also useful in the retrieval and analysis of the vast and growing volume of discrete data.

North America is expected to be the largest market for BI solutions due to major growth of data analytics in the market. Asia Pacific is expected to manifest high-growth over the foreseeable future due to rapid industrialization in the region and growing number of start-ups focusing on smartphone application development. Asia-Pacific is the fastest growing regional markets where the business intelligence market is estimated to grow by CAGR around 8.6 % in coming years.

Major industry vendors in this market space include Microsoft, IBM, Oracle, Microstrategy, GoodData, Targit, SAS, SAP, and Tableau Software.


Frequently Asked Questions

The global Business Intelligence Market was valued at USD 22.16 billion in 2020.

The global Business Intelligence Market is expected to reach USD 42.05 billion by 2028, growing at a CAGR of 8.6% between 2021 to 2028.

Various sectors focusing on digital transformation, raising investments in analytics, increasing demand dashboards for data visualization, increase in acceptance of cloud, and rise in data generation will drive the growth of the business intelligence market.

The North American region dominates the business intelligence market, owing to the presence of major industry players in the region. Additionally, factors, such as intense R & D activities in technology, increasing competition, and an evolving trend of data proliferation, are aiding the growth of the market in North America.

Some of the major companies operating in Business Intelligence Market Microsoft, IBM, Oracle, Microstrategy, GoodData, Targit, SAS, and Tableau Software.

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