Business Intelligence and Analytics Market Growth of Top Manufacturer Include Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG, Qlik Technologies, Inc., Oracle Corporation, Microstrategy, Microsoft Corporation, Information Builders, IBM

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.

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. In today’s world, due to increasing stiff competition in the market, the analysis of real time data has become one of the major requirement in various organization. Implementation of new technology, such as stream mining in-database analytics and in-memory analytics provides real time analytic for situational intelligence, fraud detection, and customer interactions.

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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. Furthermore, there is an increasing demand for performance improvement features, which will positively impact growth of business intelligence and analytic software market. However, concerns related to data security is a major hindering factor in the growth of the business intelligence and analytics software market globally.

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.

It profiles leading players in the global business intelligence and analytics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments. and strategies.

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