The Rising Importance Of Digitalization Fuels The Growth Of The Business Intelligence (BI) Vendors Market Driver: Leading Transformation in the Business Intelligence (BI) Vendors Market in 2025

What industry-specific factors are fueling the growth of the business intelligence (bi) vendors market?
The advancement of digitalization is anticipated to boost the business intelligence (BI) vendors market. Digitalization refers to the transition of information, data, or physical entities into a digital format that computers can effortlessly process, store and disseminate. The amplified effectiveness and connectivity provided by digital technology is propelling the spread of digitalization. BI vendors aid organizations in adopting a more data-oriented strategy, enhancing decision-making, operational effectiveness, and overall business outcomes. For instance, a report from gov.uk, a UK government website, issued in February 2024, preliminarily estimated that the digital sector contributed $171.25 million to the UK's economy in 2022. This accounted for 7.2% of the UK's total Gross Value Added (GVA), marking a slight climb from 7.1% in 2021. Hence, escalating digitalization is contributing to the expansion of the business intelligence (BI) vendors market.

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What Is the projected market size and growth rate for the business intelligence (bi) vendors market?
The market size for business intelligence (BI) vendors has experienced swift expansion in the recent past. The projections indicate an increase from $28.38 billion in 2024 to $31.41 billion in 2025, maintaining a compound annual growth rate (CAGR) of 10.7%. The notable growth in the previous period can be credited to the widespread integration of BI in businesses, accelerated decision-making capabilities, increased data accessibility, improved access to information via mobile BI, and bolstered internal communication through mobile BI.

In the coming years, a swift expansion is projected for the business intelligence (BI) vendors market, with its value anticipated to reach $46.63 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.4%. Factors contributing to this growth during the forecast period are the broadening acceptance of data analytics, the surge in e-commerce utilization, the rising acknowledgement of data-driven business frameworks, the escalating usage of the internet globally, and an increased necessity for real-time data evaluation. The forecast period will also see significant trends such as the implementation of IoT and big data, the requirement for mobile business intelligence competencies, the usage of predictive and prescriptive analytics devices, an increased interest towards cloud-based bi tools and services, and the incorporation of cloud-based bi solutions.

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What new trends are reshaping the business intelligence (bi) vendors market and its opportunities?
Prominent enterprises in the business intelligence (BI) vendors market are evolving by incorporating AI-powered platforms that elevate their data analytics prowess. These platforms run on artificial intelligence and machine learning, and they improve on the capabilities of conventional BI tools. For instance, in May of 2023, ThoughtSpot, an American corporation that specializes in AI-driven analytics, extended its platform to enable businesses to facilitate contemporary data experiences. The upgraded platform makes the processes of data discovery, analysis, and visualization easier through the use of AI and machine learning. This, in turn, allows businesses to make decisions based on data in a more proficient manner. The expansion of ThoughtSpot's platform includes conversational business intelligence, AI highlights and natural language search, all of which are essential components of modern BI solutions.

What major market segments define the scope and growth of the business intelligence (bi) vendors market?
The business intelligence (BI) vendors market covered in this report is segmented -

1) By Component: Platform, Software, Solution, Services
2) By Data Type: Structured Data, Unstructured Data, Semi-Structured Data
3) By Technology: Mobile, Cloud, Social, Other Technologies
4) By Deployment Model: Cloud, On-Demand, On-Premises
5) By Application: Customer Relationship Management (CRM) Analytic Application, Financial Performance And Strategy Management, Production Planning Analytic Operations, Predictive Asset Maintenance, Fraud Detection And Security Management, Supply Chain Optimization Or Operations, Network Management And Optimization, Workforce Management, Sales And Marketing Management, Other Applications

Subsegments:
1) By Platform: Cloud-Based Bi Platforms, On-Premise Bi Platforms, Hybrid Bi Platforms, Self-Service Bi Platforms, Data Visualization Platforms, Data Warehousing Platforms
2) By Software: Data Analytics Software, Reporting And Querying Software, Dashboard Software, Predictive Analytics Software, Olap (Online Analytical Processing) Software, Data Mining Software, Etl (Extract, Transform, Load) Software
3) By Solution: Bi Reporting Solutions, Bi Dashboard Solutions, Data Integration Solutions, Cloud Bi Solutions, Predictive Analytics Solutions, Big Data Analytics Solutions
4) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Data Integration Services, Managed Bi Services, Custom Bi Solutions

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North America was the largest region in the business intelligence (BI) vendors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence (BI) vendors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the business intelligence (bi) vendors industry growth?
Major companies operating in the business intelligence (BI) vendors market are Microsoft Corporation, Verizon Communications Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Salesforce Inc., SAP SE, Juniper Networks Inc., Cloud Software Group, Citrix Systems Inc., Rackspace Technology Inc., SAS Institute Inc., Hitachi Vantara LLC, TIBCO Software, Pegasystems Inc., Tableau Software LLC, QlikTech International AB, MicroStrategy Incorporated, ThoughtSpot Inc., ConnectWise LLC, Sisense Inc., Mode Analytics Inc., Looker, AT&T Intellectual Property

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What Is Covered In The Business Intelligence (BI) Vendors Global Market Report?

•Market Size Forecast: Examine the business intelligence (bi) vendors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the business intelligence (bi) vendors market for a structured understanding.
•Key Players Overview: Analyze major players in the business intelligence (bi) vendors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the business intelligence (bi) vendors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the business intelligence (bi) vendors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the business intelligence (bi) vendors market.
•Industry Challenges: Identify potential risks and obstacles affecting the business intelligence (bi) vendors market.
•Competitive Landscape: Review strategic developments in the business intelligence (bi) vendors market, including expansions, agreements, and new product launches.

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