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2020 Business Intelligence Market Research: International Size, Growth, Trends, Outlook and Future Scope Analysis by 2025 - IBM, Microsoft, Oracle, SAP, SAS Institute

04-20-2020 08:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Business Industry Reports

/ PR Agency: Business Industry Reports
Business Intelligence Market

Business Intelligence Market

Global Business Intelligence Market overview:

The growing demand for Business Intelligence has provided a major boost to the Global Business Intelligence Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Business Intelligence helps business users access business data and perform queries to generate insights. It equips business users with easy-to-use data exploration, data preparation, appropriate analytics, and data visualization tools & techniques. Companies have started deploying BI tools to get hold of huge data sets with higher volumes & varieties and to get deeper insights from the data. Business Intelligence tools can provide actionable insights to any business user, even if they are not tech-savvy. These insights help them take quick & informed decisions and provide business functions-related solutions.

The global Business Intelligence Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Unstructured Data

2 Semi-structured Data

3 Structured Data

On the basis of End Use Industry, the market is split into:

1 BFSI

2 Telecommunications and IT

3 Retail and consumer goods

4 Healthcare and life sciences

5 Manufacturing

Business Intelligence helps financial institutions monitor customer-facing resources, such as sales teams and tellers and come up with solutions using advanced analytics to avoid discrepancies. BI enables financial organizations to analyze vast amounts of customer data to gain insights about the customers regarding banking, which can be used to improve products and services. Business Intelligence tools in Business Intelligence can help clients create their own dashboards to monitor their investments and returns.

Business Intelligence helps financial institutions monitor customer-facing resources, such as sales teams and tellers and come up with solutions using advanced analytics to avoid discrepancies. BI enables financial organizations to analyze vast amounts of customer data to gain insights about the customers regarding banking, which can be used to improve products and services. The management team in financial organizations can make use of Business Intelligence to monitor sales performance in selling loans or opening accounts and determine the sales team's efficiency. BI tools in Business Intelligence can help clients create their own dashboards to monitor their investments and returns. Improving marketing strategies & customer retention policies, developing new investment strategies, and reducing risks are some of the factors responsible for the adoption of Business Intelligence by the BFSI vertical.

Objectives of the Study

To describe and forecast the global Business Intelligence Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Business Intelligence Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Business Intelligence Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Business Intelligence Market.



Some of the Business Intelligence Market manufacturers involved in the market are IBM, Microsoft, Oracle, SAP, SAS Institute, Actuate, Alteryx, Board International, Brist, Datawatch, GoodData, Infor, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Prognoz, Pyramid Analytics, Qlik, Salient Management Company, Tableau, Targit, Tibco Software, Yellowfin, Acquisitions and effective mergers are some of the strategies adopted by the Business Intelligence Market manufacturers. New product launches and continuous technological innovations are the Business Intelligence Market strategies adopted by the major players.

Latest Industry Updates:

Oracle Corporation (NYSE:ORCL) today announced that it received notice of an unsolicited "mini-tender" offer by Ponos Industries LLC (Ponos Industries) to purchase up to 2,000,000 shares of Oracle capital stock, which represents approximately 0.063% of the common shares outstanding, at a price of $50.00 per share in cash.

Please be aware that shareholders are not required to respond to Ponos Industries' offer. Oracle does not endorse Ponos Industries' unsolicited mini-tender offer and recommends that Oracle shareholders do not tender their shares in the offer. Ponos Industries has included in the terms of its offer a condition that the closing price of Oracle's shares on the New York Stock Exchange on the last trading day prior to the expiration of the offer must exceed the $50.00 offer price. As a result, unless Ponos Industries decides to waive this condition, Oracle shareholders who tender their shares in the offer would receive a below market price for Oracle's shares through the tender offer. The mini-tender offer is subject to numerous other conditions, including that Ponos Industries needs to obtain financing for the offer.

There is no assurance that the conditions to the offer will be satisfied and Oracle shareholders are cautioned that Ponos Industries can extend the offer and delay payment beyond the currently scheduled expiration date of 1:00 p.m. New York City time on April 24, 2020. Oracle is not associated with Ponos Industries, its mini-tender offer or the mini-tender offer documentation.Mini-tender offers seek to acquire less than 5 percent of a company's shares outstanding. Consequently, they can avoid many disclosure and procedural requirements of U.S. Securities and Exchange Commission (SEC) rules that apply to offers for more than 5 percent of a company's shares outstanding.

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Asia Pacific was a prominent market for Business Intelligences in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Business Intelligence market in Asia Pacific.

There are several manufacturers of Business Intelligences in Europe and North America. In North America, the demand for Business Intelligences is primarily driven by the residential sector. Improved standards of living and rising usage of Business Intelligences for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Business Intelligence Market Report 2020

1 Business Intelligence Definition

2 Global Business Intelligence Market Major Player Share and Market Overview

3 Major Player Business Intelligence Business Introduction

4 Global Business Intelligence Market Segmentation (Region Level)

5 Global Business Intelligence Market Segmentation (Product Type Level)

6 Global Business Intelligence Market Segmentation (Industry Level)

7 Global Business Intelligence Market Segmentation (Channel Level)

8 Business Intelligence Market Forecast 2020-2024

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BusinessindustryReports.com is digital database of comprehensive market reports for global industries. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined - we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.

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