Press release
Self-Service Business Intelligence (BI) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Self-Service Business Intelligence (BI) Market Segments
The market size for self-service business intelligence (BI) has seen a rapid escalation in recent years. The sector, valued at $10.02 billion in 2024, is expected to balloon to $11.88 billion by 2025, with a compound annual growth rate (CAGR) of 18.6%. The surge during the historic period can be attributed to factors such as the increasing trend of working from home, a rise in the usage of self-service BI software, government initiatives to digitize the financial and retail sectors, and the growing needs of business users for self-service dashboards.
The market for self-service business intelligence (BI) is predicted to expand rapidly in the coming years and is expected to reach a valuation of $23.29 billion by 2029, with a compound annual growth rate (CAGR) of 18.3%. The expected growth within the forecast period is linked to an increase in business users' need for self-service dashboards, a rise in the demand for immediate insights, increased adoption of cloud-based services, government initiatives to digitize the financial and retail sectors, and higher demand for real-time insights. Key trends during this forecast period could include innovative production, implementation of automated solutions, advancements in BI tool technology, and the forming of collaborations and partnerships.
What Key Elements Are Boosting Growth in the Self-Service Business Intelligence (BI) Market?
The expansion of e-commerce is predicted to fuel the growth of the self-service business intelligence (BI) market in the future. E-commerce signifies an online business model that enables trade of goods and services via the Internet. Factors like convenience, increased internet access, and a shift in consumer preferences towards online shopping are the primary contributors to the growth of e-commerce. The operational efficiency of e-commerce operations is improved through self-service business intelligence tools. They enhance profitability and offer real-time dashboards allowing instant insights into business performance, thus facilitating quick decision-making. For example, data from the United States Census Bureau, a U.S. government agency, indicates that U.S. retail e-commerce sales reached $289.2 billion in the first quarter of 2024, after adjusting for seasonal variation, which shows a 2.1 percent (±0.7%) increase compared to the last quarter of 2023. Consequently, the expanding reach of e-commerce is propelling the growth of the self-service business intelligence (BI) market.
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Who Are the Major Industry Players Fueling Self-Service Business Intelligence (BI) Market Expansion?
Major companies operating in the self-service business intelligence (BI) market are Amazon.com Inc, Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc, Tableau Software LLC, ZOHO Corporation Pvt Ltd, Alteryx Inc, MicroStrategy Inc, Cloud Software Group, Qlik Technologies Inc, Domo Inc, Sisense Ltd, ThoughtSpot Inc, Pyramid Analytics, Yellowfin International Pvt Ltd, AnswerRocket, TARGIT AS, Dundas Data Visualization Inc, Datapine GmbH, Birst Group Inc, Power BI
Which Key Developments Are Influencing the Self-Service Business Intelligence (BI) Market?
Leading firms in the self-service business intelligence (BI) market are pioneering innovative solutions such as no-code, self-service environments with the purpose of democratizing data access. This facilitates business users to make swift and efficient data-driven decisions. No-code, self-service environments offer a user-friendly software experience that allows individuals to establish, administer, and launch apps or conduct data analysis without having to write any code. For example, Comsense Technologies, a US-based martech consulting firm, released a self-service business intelligence and reporting tool called IntellSense in July 2023. IntellSense consists of a rich library of more than 200 key performance indicators (KPIs) and introduces a no-code, self-service environment that eases the formation of dashboards and data visualizations. Designed with a 10-day implementation period, IntellSense empowers firms to swiftly and effortlessly interpret their data without requiring specific technical skills.
How Is the Segmentation of the Self-Service Business Intelligence (BI) Market Defined?
The self-service business intelligence (BI) market covered in this report is segmented -
1) By Type: Software, Services
2) By Business Function: Finance, Marketing, Sales, Operations And Human Resources
3) By Deployment Model: On-Premises, On-Demand
4) By Application: Fraud And Security Management, Sales And Marketing Management, Predictive Asset Maintenance, Risk And Compliance Management, Customer Engagement And Analysis, Supply Chain Management And Procurement, Operations Management, Other Applications
5) By End-User Industry: Banking, Financial Services And Insurance (BFSI), Information technology(IT) And Telecommunication, Healthcare, Transportation And Logistics, Retail And E-Commerce, Media And Entertainment, Government And Defense, Manufacturing, Other End User Industries
Subsegments:
1) By Software: Data Visualization Software, Reporting And Querying Software, Dashboard Software, Predictive Analytics Software, Data Preparation Software
2) By Services: Consulting Services, Training And Support Services, Implementation And Integration Services, Managed Services
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What Is the Leading Region in the Self-Service Business Intelligence (BI) Market?
North America was the largest region in the self-service business intelligence (BI) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-service business intelligence (BI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Self-Service Business Intelligence (BI) Global Market Report?
- Market Size Analysis: Analyze the Self-Service Business Intelligence (BI) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Self-Service Business Intelligence (BI) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Self-Service Business Intelligence (BI) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Self-Service Business Intelligence (BI) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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