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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
Business Intelligence Market
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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.
Market 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.
Market Drivers:
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
Market Restraints:
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
By Component
Platform
Software
Services
Professional Services
System Deployment & Integration
Support & Maintenance
Consulting Services
Managed Services
By Data Type
Structured Data
Unstructured Data
Semi-Structured Data
By Technology
Mobile
Cloud
Social
Others
By Deployment Model
On-Demand
On-Premises
By Organization Size
Small & Medium-Sized Enterprises
Large Enterprises
By Application
Predictive Asset Maintenance
Fraud Detection & Security Management
Supply Chain Optimization
Network Management & Optimization
Workforce Management
Sales & Marketing Management
Operations Management
Others
By Industry Vertical
BFSI
Telecommunications & IT
Retail & Consumer Goods
Healthcare & Life Sciences
Manufacturing
Government & Defense
Energy & Utilities
Transportation & Logistics
Media & Entertainment
Others
By Geography
North America
South America
Europe
Asia-Pacific
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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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research
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