Press release
Self-Service Business Intelligence (BI) Market Poised for 18.31 % Growth, Set to Hit $4.4 Billion by 2029
Self-Service Business Intelligence (BI) Market Size
The increasing penetration of e-commerce is anticipated to boost the self-service business intelligence (BI) market. E-commerce, which facilitates the buying and selling of goods and services online, is expanding due to greater internet access, consumer preference for convenience, and the growth of online shopping. Self-service BI tools help e-commerce businesses improve their operational efficiency, boost profitability, and make data-driven decisions through real-time dashboards. According to the U.S. Census Bureau, U.S. retail e-commerce sales increased by 2.1% in the first quarter of 2024, further supporting growth in this market.
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What is the projected compound annual growth rate (CAGR) of the self-service business intelligence (bi) market from 2025 to 2034, and what factors influence it?
The self-service business intelligence (BI) market has experienced rapid growth in recent years. It is expected to grow from $10.02 billion in 2024 to $11.88 billion in 2025, reflecting a CAGR of 18.6%. This growth is driven by the rise of remote work, increased adoption of self-service BI tools, government initiatives to digitalize sectors like finance and retail, and growing demand for business users to have self-service dashboards.
The self-service BI market is projected to reach $23.29 billion by 2029 at a CAGR of 18.3%. The growth is driven by the need for self-service dashboards, real-time insights, cloud adoption, government digitalization initiatives, and the rise in real-time data demand. Trends include innovations in production, automation solutions, BI tool advancements, and collaborative partnerships.
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How are the latest trends influencing the growth of the self-service business intelligence (bi) market?
Companies in the self-service business intelligence (BI) market are focusing on no-code platforms to make data access more democratized and efficient. For example, in July 2023, Comsense Technologies launched IntellSense, a no-code BI and reporting tool that enables users to create dashboards and data visualizations without coding expertise. This self-service tool offers an extensive library of KPIs and can be implemented in just 10 days, allowing businesses to gain quick insights from their data.
What are the major segments of the self-service business intelligence (bi) market and their role in driving growth?
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 regions are leading the charge 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.
Who are the key firms paving the way for growth in the self-service business intelligence (bi) market?
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
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What Is Covered In The Self-Service Business Intelligence (BI) Global Market Report?
•Market Size Forecast: Examine the self-service business intelligence (bi) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the self-service business intelligence (bi) market for a structured understanding.
•Key Players Overview: Analyze major players in the self-service business intelligence (bi) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the self-service business intelligence (bi) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the self-service business intelligence (bi) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the self-service business intelligence (bi) market.
•Industry Challenges: Identify potential risks and obstacles affecting the self-service business intelligence (bi) market.
•Competitive Landscape: Review strategic developments in the self-service business intelligence (bi) market, including expansions, agreements, and new product launches.
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