Press release
Self-Service BI Market Size to Surpass US$ 15.5 Billion by 2027 at 15.09% CAGR
Self-service business intelligence (BI) refers to a data analytics approach enabling business operators from non-analytical backgrounds to access and explore data sets. It usually allows them to sort, filter, analyze, and visualize data without the requirement of the information technology (IT) team. Self-service BI aids businesses in promoting collaboration on numerous divisions and utilizing ad hoc querying. In line with this, it also assists in making informed decisions that lead to positive business outcomes, which include improving efficiency, better customer satisfaction, higher revenue and profits, etc. Consequently, self-service BI is extensively used in several fields, including sales, finance, operations, marketing, human resources, etc.
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Self-Service BI Market Trends and Drivers:
The rising number of structured and unstructured data, owing to the increasing internet penetration, the widespread adoption of social media platforms, and the expanding e-commerce sector, is primarily augmenting the self-service BI market. Furthermore, the growing utilization of data analytics solutions by small and medium-sized enterprises (SMEs) is positively influencing the global market. Apart from this, self-service business intelligence helps in decentralizing the business analytical process, which is acting as another significant growth-inducing factor. Moreover, the introduction of cloud computing technologies and the escalating demand for online payments are further catalyzing the market growth. Besides this, various financial institutes, including banks, are using technological solutions to make their existing workforce more efficient, which is also bolstering the global market. Additionally, the inflating need for organizations to be more agile and retain a competitive edge is expected to fuel the self-service BI market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
Software
Services
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by Application:
Sales and Marketing
Customer Engagement and Analysis
Fraud and Security Management
Risk and Compliance Management
Predictive Asset Maintenance
Supply Chain Management and Procurement
Others
Breakup by Industry Vertical:
BFSI
Retail and E-Commerce
Telecom and IT
Government and Defense
Healthcare
Manufacturing
Media and Entertainment
Transportation and Logistics
Energy and Utilities
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Cisco Systems Inc.
HCL Technologies Limited
Hewlett Packard Enterprise Company
International Business Machines Corporation
Microsoft Corporation
MicroStrategy Incorporated
Oracle Corporation
QlikTech International AB
SAP SE
SAS Institute Inc.
Tableau Software LLC (Salesforce.com Inc.)
TIBCO Software Inc.
UiPath Inc.
Zoho Corporation Pvt. Ltd.
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