Business Intelligence Market SWOT Analysis 2019 | Major Players Microsoft, SAP SE, IBM Corporation, TABLEAU SOFTWARE, Oracle, SAS Institute Inc., QlikTech International AB, MicroStrategy Incorporated, Information Builders
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The Global Business Intelligence Market research report likewise analyzes manufacturing procedures and cost structures. In this unprejudiced investigation of Global Business Intelligence Market, the on-going patterns, openings/high development regions has been incorporated to push partners to plan their strategies and procedures as according to the present and future scenario of market. All endeavor profiles of the key players and brands are appeared in this examination. The report introduces the drivers and limitations of the market that have been clarified by SWOT and Porter’s Five Forces Analysis.
Global Business Intelligence Market is expected to rise from its initial estimated value of USD 20.37 billion in 2018 to a projected value of USD 42.62 billion by 2026, registering a CAGR of 9.67% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in adoption of IoT based technologies that have been caused by the significant emergence of IoT in every aspect of industries and business operations.
Few of the major competitors currently working in the business intelligence market are - Microsoft; SAP SE; IBM Corporation; TABLEAU SOFTWARE; Oracle; SAS Institute Inc.; QlikTech International AB; MicroStrategy Incorporated; Information Builders; Pegasystems Inc.; Continuum Managed Services; Hitachi Vantara Corporation; TIBCO Software Inc.; Sisense Inc.; Verizon Wireless; RACKSPACE US, INC.; Cisco; AT&T Intellectual Property; Juniper Networks, Inc.; VMware, Inc; GoodData Corporation; TARGIT; ALTERYX, INC.; Birst, Inc.; Fair Isaac Corporation; Salesforce.com, inc.; ALTEN Group and Stratebi.
Growth in usage of cloud and cloud computing is one of the major factors driving the market growth
Increasing demand of analysis-based and data-evident business decisions; this factor is expected to drive the market growth
Requirement of large capital funds for the installation and integration of this technology in business operations; this factor is expected to restrain the market growth
Variations in structure of industries and regions causing complications in regulations and compliances; this factor is expected to restrain the market growth
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Segmentation: Global Business Intelligence Market
System Deployment & Integration
Support & Maintenance
By Data Type
By Deployment Model
By Organization Size
Small & Medium-Sized Enterprises
Predictive Asset Maintenance
Fraud Detection & Security Management
Supply Chain Optimization
Network Management & Optimization
Sales & Marketing Management
By Industry Vertical
Telecommunications & IT
Retail & Consumer Goods
Healthcare & Life Sciences
Government & Defense
Energy & Utilities
Transportation & Logistics
Media & Entertainment
Middle East and Africa
Key Developments in the Market:
In February 2019, Pegasystems Inc. announced that they had purchased the assets of Infruid Labs, which will help in enhancement of Pegasystems Inc.’s product portfolio and enhance the customer experience for the existing products and services provided by the organization through better visualization and interpretation experiences.
In January 2019, Continuum Managed Services announced that they had acquired Brightgauge. This acquisition is a strategic decision taken by Continuum Managed Services which will significantly improve the customers serviced by them and will help enhance their presence globally.
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