Press release
Business Intelligence Market 2024 Prognostication | Recording 10.3% CAGR with Top Global Players as Microsoft Corporation, IBM Corporation, SAP SE, Oracle, TABLEAU SOFTWARE, vf, SAS Institute, Hitachi Vantara, QlikTech International AB
Market AnalysisThe global business intelligence market accounted for USD 18.2 billion in 2016 growing at a CAGR of 10.3% during the forecast period of 2017 to 2024.
The important driver increasing growth in the Global Business Intelligence Market is the rapid changes in business environments. Due to the emergence of the internet and its impact on business and consumer behaviour, a shift in business has taken place, increasing strains on methods of business change management and processes which already exist. Irrespective of change in speed, the customer value (internal as well as external) remains dominant for the success of any business. Thus, although the speed and expectation in the business process and value propositions have changed, the business basics
remain the same.
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Top Players:
Global business intelligence market competition by top players including –
• Microsoft Corporation,
• IBM Corporation,
• SAP SE,
• Oracle,
• TABLEAU SOFTWARE,vf
• SAS Institute Inc.,
• Hitachi Vantara,
• QlikTech International AB,
• MicroStrategy Incorporated,
• Information Builders,
• TIBCO Software Inc,
• Yellowfin,
• Sisense Inc.,
• Panorama
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Market Segmentation
The global business intelligence market is segmented on the basis of component into platform, software, and services.
The services segment is further sub segmented into professional services, and managed services. The professional segment is further sub segmented into system deployment and integration, support and maintenance, and consulting services.
• On the basis of data type, the global business intelligence market is segmented into unstructured data, semi-structured data, and structured data.
• On the basis of organization size, the global business intelligence market is segmented into large enterprises, and small and medium-sized enterprises.
• On the basis of application, the global business intelligence market is segmented into predictive asset maintenance, fraud detection and security management, supply chain optimization, network management and optimization, workforce management, sales and marketing management, operations management, and others.
• On the basis of deployment model, global business intelligence market is segmented into cloud, and on-premises.
• On the basis of vertical, the global business intelligence market is segmented into banking, financial services, and insurance, telecommunications and IT, retail and consumer goods, healthcare and life sciences, manufacturing, government and defense, energy and utilities, transportation and logistics, media and entertainment, and others.
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