Press release
Business Intelligence (BI) Market 2022 Explosive Factors of Revenue by Industry Statistics, Size, Demands, Trends, Opportunity, Share and Forecast To 2026
The "Business Intelligence (BI) Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Business Intelligence (BI) Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.The Global Business Intelligence (BI) Market Size is Projected to Reach at a CAGR of 12% during 2022-2026.
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Market Overview:
- BI includes all the aspects of market intelligence and analytics, which helps transform unstructured data into meaningful information for efficient and precise decision making and strategy planning. Scope of BI is enormous and can have a positive impact on every hierarchy and unit of the organization. BI Technologies provide both qualitative and quantitative insight into the past, present, and the future operations of an organization.
- Business Intelligence can substantially improve financial performance, maximize utilization of resources, and reduce the risk of making inconsistent and incorrect decisions.
Key players in the global Business Intelligence (BI) Market covered:
Rackspace US Inc., SAP SE, Oracle Corporation, Microsoft Corporation, Cisco Systems Inc., SAS Institute Inc., GoodData Corporation, Targit AS, International Business Machines Corporation, VMware Inc., Tableau Software Inc. (Salesforce),
Recent Development:
- June 2019 - Salesforce.com Inc has decided to buy big data firm Tableau Software Inc for USD 15.3 billion, marking the largest acquisition in the company's history as it looks to offer more data insights to its clients.
- June 2019 - Google LLC announced the acquisition of Looker, a unified platform for business intelligence, data applications, and embedded analytics for USD 2.6 billion. Upon the close of the acquisition, Looker will join Google Cloud.
- September 2018 - TARGIT A/S announced the acquisition of Advanced Computing, Inc. (ACI) to expand TARGIT�s BI and analytics offerings for the heavy equipment industry. ACI has deep vertical experience of delivering advanced analytics to Caterpillar clients in North America for the past 15 years. The acquisition brings a team of BI experts into the fold of the TARGIT A/S.
Market Segmentation by Type:
On-premises
Cloud
Market Segmentation by Application:
Individuals
SMEs
Large Enterprises
Government Organizations
Others
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Key Market Trends
Increasing Adoption of Data Analytics by Enterprises Globally
- Business Intelligence (BI) is being increasingly used to address the challenges of business decisions posed by vast amounts of data. Business Intelligence equips organizations with the advantages of faster decision making, real-time performance measurement, greater insights into customer behavior, better quality of information, better estimation of threats and opportunities, increased sharing of information and improved efficiency, enhanced communication, quick response to changes in financial conditions and supply chain operations, reduced equipment downtime, and others.
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North America to Remain the Largest Market for BI
- The leading market for business intelligence in North America. Presence of major industry players in the region, intense R&D activities in the field of technology, increasing competition, and an evolving trend of data proliferation aids the growth of the market in North America.
- According to a survey by enterprise applications company, IFS in 2017, only 16% of 200 IoT decision making companies, in North America, were able to make integrate their IoT data with their respective ERPs. Data points like this have further fuelled the proliferation of advanced Business Intelligence tools, with companies increasingly looking at software that can meaningfully capture their ever-increasing data.
Table of Contents: Business Intelligence (BI) Market
- Chapter 1: outline of Business Intelligence (BI) marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: marketplace file end
- Chapter 11: research technique and Reference
We Offer Customization on Report Based on Specific Client Requirement:
–Country Level analysis for any 5 countries of your choice.
–Competitive analysis of any 5 key market players.
–40 analyst hours to cover any other data point.
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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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