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Business Intelligence Platform Market By Top Key Players- IBM Corporation, SAS Institute Inc., QlikTech International, Tableau Software, SAP SE, MicroStrategy, Inc
Over the two decades business intelligence platform has been playing an important role to make better utilization of corporate data for business benefits. It has been observed that not only enterprises but also government departments are also using business intelligence platform to improve their decision making process. Healthcare sector is also one of the important sectors where business intelligence platform providers are offering customized solutions to cater this vertical. Over the period business intelligence platform has changed with the touch of business integration and innovation to cater diversified industry verticals.
Most of the enterprises are considering that business intelligence platform is an important initiatives which has shown positive impact on business performance. Business intelligence platform helps to store huge amount of data and to derive insights from the same to take intelligence business decisions.
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Business Intelligence Platform Market: Drivers and Restraints
Increasing competition, growing number of multi-structured data sources, and awareness about smart data discovery tools drive the business intelligence platform market. Increasing competition among business intelligence platform vendors force to invest in innovative BI market, which leads to increase the demand for business intelligence platform. Emergence of structured and unstructured data sources needs the sophisticated software tools to derive meaningful insights for business management. Increasing awareness about data analytical tools leads to increase the demand for business intelligence platform tools.
However, high cost of business intelligence platform, lack of knowledge, poor performance of business intelligence platform limiting the demand for business intelligence platform tools. It also requires skilled employee to run BI tools in organization therefore lack of skilled people is also one of the major challenge for business intelligence platform market
Global Business Intelligence Platform Market: Market Segmentation
Segmentation on basis of Tools in Business Intelligence Platform market:
The major segments of BI Tools in Business Intelligence Market include:
Information Integration (ETL, EAI / ESB, CDC)
Information Storage (Data Warehouse, Cubes, Metadata)
Information Analytics (Enterprise Reports, OLAP Reports, Dashboards and Data Mining)
Segmentation on basis of end-user vertical in Business Intelligence Platform market:
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The major segments of end-user vertical in business intelligence platform market include:
BFSI
Retail
Healthcare and Life Sciences
Telecommunication & IT
Government
Media and Entertainment
Transportation and Logistics
Others
Key Players
Some of the prominent players in the business intelligence platform market include IBM Corporation, SAS Institute Inc., QlikTech International, Tableau Software, SAP SE, MicroStrategy, Inc.,
Regional Overview
Presently, North America is holding the largest market share for business intelligence platform market due to increasing demand for data analysis solutions. European market is the second largest segment in overall business intelligence platform where BFSI, Government organization and automotive companies are rapidly adopting CRM, ERP and embedded analytics solutions.
The Asia Pacific region is following the European region in business intelligence platform market. This market is expected to have the highest growth rate in coming years due to the adoption of advanced analytical tools for data analysis.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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