Business Intelligence and Analytics Market: Moving Towards a Brighter Future
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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.
Increasing demand for analyzing the real time data, rising requirement of analyzing unstructured data for understanding customers demand, and increasing adoption of cloud computing technology by various organization are some of the key drivers fueling the growth of the business intelligence and analytics market globally. Implementation of cloud technology have reduced the IT infrastructure cost of the organization, as business intelligence and analytics software requires large space to store and analyze the structure and unstructured data. Hence, implementation of cloud technology in business intelligence and analytics fuels the demand of the software.
Increasing requirement of analyzing real time data in various organization accelerated the growth of the business intelligence and analytics market.
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. Moreover, the increasing installation of Internet of things devices have generated large amount of real time data, which has increased the demand for real time business intelligence and analytical tools. In 2015, near 145 zeta byte per year data was generated by internet of things devices and is projected to reach 600 zeta byte per by 2020.
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).
This report segments the global business intelligence and analytics market on the basis of deployment model, platform, services, organization size, verticals, and geography. For comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.
Table of Contents
1. Research Objective and assumption
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Business Intelligence and Analytics Market, By Deployment, 2015 - 2025 (USD Million)
5. Global Business Intelligence and Analytics Market, By Platform Types, 2015 - 2025 (USD Million)
6. Global Business Intelligence and Analytics Market, By Services, 2015 - 2025 (USD Million)
7. Global Business Intelligence and Analytics Market, By Organization Size, 2015 - 2025 (USD Million)
8. Global Business Intelligence and Analytics Market, By Vertical, 2015 - 2025 (USD Million)
9. Global Business Intelligence and Analytics Market, By Regions, 2015 - 2025 (USD Million)
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