Global Business Intelligence Market Explosive Growth (USD 42.62 billion) Seen for Key Business Segments | VMware, Salesforce, SAP, Oracle, SAS Institute, Cisco, AT&T
An array of objectives of the marketing research has been considered to generate this best Business Intelligence market research report. The report is generated by considering the market type, volume of the organization, accessibility on-premises and the end-users’ organization type, and availability at a global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East, and Africa. All these parameters are systematically studied by the experts for offering the best solution to the clients. Analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market are also taken into account.
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.
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Key Market Competitors: Business Intelligence Market
Few of the major competitors currently working in the business intelligence market are Microsoft, VMware, Salesforce, SAP, IBM, TABLEAU SOFTWARE, Oracle, SAS Institute, Cisco; AT&T, 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.; Juniper Networks, Inc; GoodData Corporation; TARGIT; ALTERYX, INC.; Birst, Inc.; Fair Isaac Corporation; ALTEN Group and Stratebi.
What are the major market growth 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
The 2020 Annual Business Intelligence Market offers:
=> 100+ charts exploring and analyzing the Business Intelligence market from critical angles including retail forecasts, consumer demand, production and more
=> 10+ profiles of top Business Intelligence producing states, with highlights of market conditions and retail trends
=> Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
=> Benchmark wholesale prices, market position, plus prices for raw materials involved in Business Intelligence type
Key Segmentation: Business Intelligence Market
By Component (Platform, Software, Services),
Data Type (Structured Data, Unstructured Data, Semi-Structured Data),
Technology (Mobile, Cloud, Social, Others),
Deployment Model (On-Demand, On-Premises),
Organization Size (Small & Medium-Sized Enterprises, Large Enterprises),
Application (Predictive Asset Maintenance, Fraud Detection & Security Management, Supply Chain Optimization, Network Management & Optimization, Workforce Management, Sales & Marketing Management, Operations Management, Others),
Industry Vertical (BFSI, Telecommunications & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Manufacturing, Government & Defense, Energy & Utilities, Transportation & Logistics, Media & Entertainment, Others),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.
Key strategies in the Global Business Intelligence Market that includes product developments, partnerships, mergers and acquisitions, etc discussed in this report. The potential of this enterprise section has been rigorously investigated in conjunction with main market challenges.
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.
Some extract from Table of Contents
Overview of Global Business Intelligence Market
Business Intelligence Size (Sales Volume) Comparison by Type
Business Intelligence Size (Consumption) and Market Share Comparison by Application
Business Intelligence Size (Value) Comparison by Region
Business Intelligence Sales, Revenue and Growth Rate
Business Intelligence Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of Business Intelligence
Global Business Intelligence Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
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Key Research Methodology Used By Data Bridge market Research
Data triangulation – This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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