Business Intelligence and Analytics Market Cost Profit Analysis of Tibco Software, Tableau Software, SAS Institute, SAP, Qlik Technologies, Oracle, Microstrategy, Microsoft, Information Builders

The global business intelligence and analytics market was valued at US$ 16649.3 million in 2016 and is estimated to witness a CAGR of 9.4 % during the forecast period (2017 – 2025).Business Intelligence (BI) and Analytics software provides the insight and analytic information, which helps managers, executive, and other corporate end users to understand the situations and take bold action with quick execution. The increasing demand of real time data analysis, increasing adoption of cloud technology, and rising installation of internet of devices are some of the major drivers fueling the market growth of business Intelligence and analytics software globally.

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The increasing demand for real time data analysis dashboard has become one of the major trend for the growth of the business intelligence and analytics market. The main factor for the increasing demand for business intelligence and analytics solution system is the high adoption of cloud computing technology by small and medium enterprises. Business intelligence is designed specifically to analyze huge data bases, which requires enormous storage capacity. Cloud provides storage capacity to the resource intensive software thus promising future growth in the unit. Cloud based business intelligence and analytics software market will prosper owing to its cost effectiveness and instant implementing features

According to Coherent Market Insights, the business intelligence and analytics market in North America held the dominant position in 2016 with US$ 2700 million. The United States and Canada are the major countries driving the market of business intelligence and analytics in North America region, due to highly adopted business intelligence and analytic software and solution by various organization, which have raised the market. Additionally, dominance of digitalization in North America region provides a key growth opportunity to the business intelligence and analytics market.

Key companies covered as a part of this study include Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG, Qlik Technologies, Inc., Oracle Corporation, Microstrategy , Inc., Microsoft Corporation, Information Builders, IBM Corporation.

Detailed Segmentation of Business Intelligence and Analytics Market:

By Deployment Model:
-Cloud
-On-Premises

By Platform:
-Business intelligence platform
-Corporate performance management suite
-Advance and predictive analytics
-Content Analytics
-Analytics Application

By Service:
-Professional Services
-Managed services

Organization Size:
-Small and Medium Enterprises
-Large Enterprises

By Verticals:
-BFSI
-Energy and Power
-Education
-Government
-Healthcare
-Media and Entertainment
-Manufacturing
-Retail
-IT and Telecom

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This release was published on openPR.