Press release
Social Business Intelligence Market to witness excellent revenue growth , Major Players IBM, Oracle, SAP, SAS Institute, Adobe Systems, Attensity Group, Beevolve and CAGR +10.0%
Social Business Intelligence Market
Global Social Business Intelligence Market Insights, Forecast To 2023 provides a specific tool for evaluating the global market, specifying the growth potentials, and supporting tactical and strategic decision-making. Business intelligence software is an important tool or application used by organizations to analyze data and make improved real-time market decisions. Traditionally, business intelligence was used only for reporting, designing dashboards, and resolving queries. Its goal was to track key business performance and metrics.
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The global Social Business Intelligence (BI) market is estimated to grow from USD 17.09 Billion in 2016 to USD 26.88 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.5%.
Key Manufacturers of Global Social Business Intelligence Market:
IBM, Oracle, SAP, SAS Institute, Adobe Systems, Attensity Group, Beevolve, Clarabridge, Crimson Hexagon, Evolve24, Google, HP, Kapow Software/ Kofax, Lithium Technologies, NetBase Solutions, Radian6/Salesforce, Sysomos, Cision,
During 2017 the cloud-based social intelligence solutions segment accounted for almost 70% of the total share of the market and dominated the industry. Cloud-based solutions come with a regular minimal payment and eliminates the need for making a large one-time investment and also the periodic expenses for maintenance and updates. Predictable expenses, no requirement of a powerful local server, minimal requirement of skilled personnel, and free upgrades are additional benefits that will induce more businesses to prefer hosted business intelligence solutions in the next few years.
Type: On-premises, Cloud
Applications: SMEs, Large Enterprises, Government Organizations
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The report also provides regional level market analysis and future outlook for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Scope of Global Social Business Intelligence Market: The enterprises segment dominated the social business intelligence market during 2017. This segment includes several industries such as retail, IT, BFSI, healthcare, and telecommunication. These industries use business intelligence for predictive analysis as it helps them in segmenting products and services based on the preference of their customers. The higher adoption of business intelligence software by SMEs, the rise in a number of online retail customers, and the favorable government policies in the healthcare and BFSI industries will drive the growth of this market segment.
Social Business Intelligence Market highlights following key factors:
A comprehensive analysis of the Global Social Business Intelligence Market, which includes an evaluation of the said market.
Rising trends by segments, sub-segments, and regional markets.
Social Business Intelligence Market shares and approaches of the leading competitors in market.
Present and future market size, in terms of both value and volume.
Reporting and projection of the latest industry developments.
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Reasons for Buying this Report
This research study provides a detailed analysis of the changing competitive dynamics.
It also provides a forward-looking view on the various components responsible for driving or constraining the growth of the Social Business Intelligence market.
It provides a technological growth map over time, so as to comprehend the industry growth rate.
It helps in comprehending the key product segments and their future growth prospects.
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Reports Monitor is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry.
Our aim is to change the dynamics of the Social Business Intelligence Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics-driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.
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