Press release
Global Business Intelligence (BI) Market to Witness a Pronounce Growth During 2025
This report focuses on the key global Business Intelligence (BI) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Business Intelligence (BI) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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.
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.
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.
In 2018, the global Business Intelligence (BI) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
Market Segment by Manufacturers, this report covers
IBM
Oracle
SAP
SAS Institute
Adobe Systems
Attensity Group
Beevolve
Clarabridge
Crimson Hexagon
Evolve24
HP
Kapow Software/ Kofax
Lithium Technologies
NetBase Solutions
Radian6/Salesforce
Sysomos
Cision
Market Segment by Type, covers
On-premises
Cloud
Market Segment by Applications, can be divided into
SMEs
Large Enterprises
Government Organizations
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Related Information:
North America Business Intelligence (BI) Market Growth 2019-2024
United States Business Intelligence (BI) Market Growth 2019-2024
Asia-Pacific Business Intelligence (BI) Market Growth 2019-2024
Europe Business Intelligence (BI) Market Growth 2019-2024
EMEA Business Intelligence (BI) Market Growth 2019-2024
Global Business Intelligence (BI) Market Growth 2019-2024
China Business Intelligence (BI) Market Growth 2019-2024
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