Business Intelligence and Analytics Market is expected to Grow at CAGR of 9.6% by 2027 | Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG

United States/New Jersey: The global Business Intelligence and Analytics Market is expected to exhibit a CAGR of 9.6% during the forecast period (2019–2027)

With the help of the leading players' evolving tactics, the global Business Intelligence and Analytics market has improved technologically for all of its goods. To develop a larger market size, the Business Intelligence and Analytics Market reaches out to targeted consumers in order to sell out the necessary items and services. The application of various technologically sophisticated solutions in the development of items linked with the worldwide Out of Business Intelligence and Analytics Market has been a significant factor in the market's success. This market has a large number of important competitors who are supporting it from all sides in order for it to grow and thrive during the present forecast time range.

This study contains data on the industry's market growth as well as major segmentation factors that assist the worldwide Business Intelligence and Analytics Market thrive in the modern day. The study also highlight the significance of the worldwide Business Intelligence and Analytics Market's geographical categorization. The global Business Intelligence and Analytics Market will eventually generate more revenue and will have a larger market size than the previous projection period due to increased demand.

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Major Key players in this Market:

Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG, Qlik Technologies, Inc., Oracle Corporation, Microstrategy , Inc., Microsoft Corporation, Information Builders, IBM Corporation.

Increasing demand for real time data analysis by organizations has become a key trend in the global business intelligence and analytic market. According to ’ analysis, by the end of 2020, near 600 zeta byte data is expected to be generated per year, which is an increase from 145 zeta byte in 2015. Increasing real time data has increased demand for in-memory analytics, in-database analytics, and stream mining technology as it offers real time analysis for fraud detection, customer interactions, and situational intelligence. This, in turn, has accelerated the global business intelligence and analytics market growth.

Regional Classification

The primary regions covered in the study report include North America, Europe, Asia Pacific, Central and South America, as well as the Middle East and Africa. The specialists who worked on this area of the study looked at a variety of industries that are driving development and might give manufacturers with profitable expansion prospects in the future years. The study also contains sales and revenue prediction data by region and nation for the years 2021-2027.

Key takeaways of the business intelligence and analytics market:

The global business intelligence and analytics market is estimated to expand at a CAGR of 9.6% during the forecast period (2019–2027)

The On-Premises deployment model segment held a dominant position in the market in 2018, and is projected to retain its dominance throughout the forecast period

Cloud-based deployment model segment is expected to grow at a highest CAGR during the forecast period. The increasing adoption of cloud technology by various companies in different industries is driving demand for cloud-based business intelligence and analytics solutions.

On the basis of service segment, the managed service segment held a dominant position in 2018, and is projected to remain dominant throughout the forecast period. Similarly, the professional service segment is estimated to register the highest CAGR over the forecast period.

On the basis of organization size, the large enterprises segment held the dominant position in the market 2018, and it is projected to retain its dominance over the forecast period. Similarly, the small and medium enterprises segment is expected to witness the fastest growth during the forecast period.

On the basis of platform type, business intelligence held a dominant position in 2018, and is projected to maintain its dominance throughout the forecast period

In 2018, North America held a dominant position in the global business intelligence and analytics market, and is estimated to grow at a CAGR of 8.3% during the forecast period. Increasing deployment of business intelligence and analytic software and solutions by various organization across the globe is propelling the market growth. U.S. and Canada are expected to contribute significantly to the growth of the North America market.

Asia Pacific is estimated register the highest CAGR during the forecast period. China and India are expected to contribute significantly to the growth of the business intelligence and analytics market in the region.

Some of the major players involved in the global business intelligence and analytics market are Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG, Qlik Technologies, Inc., Oracle Corporation, Microstrategy, Microsoft Corporation, Information Builders, and IBM Corporation.

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