Press release
Business Intelligence Market: Key Players and Their Competitive Strategies
Business Intelligence Market: Key Players and Their Competitive Strategies
Business Intelligence Market Future Scope
The global Business Intelligence Market was valued at approximately USD 26.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 9.6% from 2023 to 2030. This growth is driven by the increasing adoption of data-driven decision-making processes across various industries, such as healthcare, retail, banking, and manufacturing. As companies continue to generate vast amounts of data, the demand for Business Intelligence tools and solutions has surged to help organizations analyze, visualize, and leverage this data effectively. The rising trend of cloud computing, advanced analytics, and artificial intelligence (AI) integration in BI platforms further propels the market's expansion. The market is expected to reach around USD 63.3 billion by the end of 2030, highlighting the significant opportunities for growth in the coming years.
In the coming years, the Business Intelligence Market is expected to experience substantial growth due to the increasing need for real-time analytics and reporting. The demand for BI tools in small and medium-sized enterprises (SMEs) is on the rise, as businesses seek to improve their operational efficiency and make data-driven decisions. Moreover, the market is expanding as companies increasingly prioritize business agility and competitive advantage through actionable insights derived from data. With innovations in artificial intelligence and machine learning, the future of the Business Intelligence Market looks promising, opening up new avenues for market players to cater to evolving customer needs and demands. As industries increasingly recognize the value of data in shaping business strategies, the Business Intelligence Market will continue to evolve and present opportunities for growth and innovation.
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Who are the largest Global manufacturers in the Business Intelligence Market?
Microsoft
Oracle
SAP
SAS Institute
Actuate
Alteryx
Board International
Brist
Datawatch
GoodData
Infor
Information Builders
Logi Analytics
MicroStrategy
Panorama Software
Pentaho
Prognoz
Pyramid Analytics
Qpk
Sapent Management Company
Tableau
Targit
Tibco Software
Yellowfin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real-time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Business Intelligence Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Business Intelligence Market
By Business Function
Marketing
Sales
Finance
Operations
Human Resources
Customer Service
By Deployment Mode
Cloud-Based
On-Premises
By Appbrcation
Customer Analytics
Supply Chain Management
Market Forecasting
Sales Analytics
Financial Management
By Component
Software
Services
By Organization Size
Small & Medium Enterprises (SMEs)
Large Enterprises
Which regions are leading the Global Business Intelligence Market?
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Global Business Intelligence Market Research Report, 2026-2033
1. Introduction of the Global Business Intelligence Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
Data Minin
Validation
Primary Interview
List of Data Sources
4. Global Business Intelligence Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Business Intelligence Market, By Product
6. Global Business Intelligence Market, By Application
7. Global Business Intelligence Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Global Business Intelligence Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research."
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