Press release
Future of the Business Intelligence Management Software Market: Trends, Innovations, and Key Forecasts Through 2034
Business Intelligence Management Software
Business Intelligence Management Software Market Size Growth Forecast: What to Expect by 2025?
The market for business intelligence management software has seen speedy growth in recent years. The market size, which was valued at $32.6 billion in 2024, is projected to expand to $36.11 billion in 2025, netting a compound annual growth rate (CAGR) of 10.8%. Factors such as the surge in data volumes, the limitations of spreadsheets, complex data scenarios, regulatory compliance requirements, and the increased need for self-service analytics have been instrumental in driving growth during the historical period.
How Will the Business Intelligence Management Software Market Size Evolve and Grow by 2029?
The market for business intelligence management software is anticipated to expand rapidly in the upcoming years, escalating to a value of $53.66 billion in 2029. This represents a compound annual growth rate (CAGR) of 10.4%. The progressive growth during the forecast period can be ascribed to factors such as the rise in the number of organizations, the adoption of cloud and SaaS models, concerns about data governance and privacy, the need for data analytics, and real-time analytics. The upcoming trends during the prediction period comprise embedded AI and ML, enhanced analytics, data democratization, instant analytics, natural language processing, and vertical-specific solutions.
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What Drivers Are Propelling the Growth of Business Intelligence Management Software Market Forward?
The growth of the business intelligence management software market is expected to be fuelled by the increasing adoption of cloud-based solutions. Cloud-based solutions are essentially software applications, services, or platforms that are hosted and accessed via the Internet, as opposed to being installed and operated on local computers or servers. A growing preference for these solutions is observed due to the potential for cost savings, the demand for flexibility, accessibility and security concerns. By being deployed as cloud-based solutions, business intelligence management software provides organizations the ability to access crucial data and analytics tools from any location with Internet connectivity. For instance, Eurostat, a government agency based in Luxembourg, reported in December 2023, that approximately 45.2% of the enterprises in the European Union (EU) had chosen cloud computing services in 2023. This is a significant increase of 4.2% from the figures recorded in 2021. Hence, the growing usage of cloud-based solutions is propelling the business intelligence management software market forward.
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Which Emerging Trends Are Transforming the Business Intelligence Management Software Market in 2025?
Major players in the business intelligence management software market are concentrating on creating technological breakthroughs, like AI-based business intelligence (BI) solutions, to bestow enterprises with enhanced data analysis abilities. AI-induced BI solutions employ artificial intelligence to scrutinize data and yield results that can inspire action, thus bettering decision-making and operational efficacy. To illustrate, in March 2024, Journeys, a pioneering decision intelligence solution, was launched by the US tech company, Algo, which automates business intelligence to boost demand and inventory planning. This groundbreaking tool transforms analytics into practicable tactics using real-time data, thereby, optimizing businesses' demand planning functionalities. Journeys, with its ability to effortlessly capture insights, collaborate in real-time, and convert analytics to strategic actions, decreases the organizations' need for manual data exploration. The goal of this solution is to give a harmonized data source to the manufacturers, retailers, and suppliers, promoting a highly effective, data-dependent supply chain.
What Are the Key Segments in the Business Intelligence Management Software Market?
The business intelligence management software market covered in this report is segmented -
1) By Type: Development Of Business Smart Software, Cloud-Hosted Business Smart Software
2) By Application: Small Business, Medium-Sized Business, Large Business
3) By End-User Industry: Banking, Financial Services, And Insurance, Information Technology And Telecommunication, Retail, Healthcare, Other End-User Industries
Subsegments:
1 ) Development Of Business Smart Software: Custom-Built Business Intelligence Solutions, Data Analytics And Reporting Software, Predictive Analytics Software, Data Visualization Tools, Data Integration And Etl (Extract, Transform, Load) Tools
2) Cloud-Hosted Business Smart Software: Cloud-Based Business Intelligence Platforms, Saas (Software As A Service) Bi Solutions, Cloud Data Warehousing Solutions, Cloud Analytics And Reporting Tools, Cloud-Based Data Visualization And Dashboards
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Who Are the Key Players Shaping the Business Intelligence Management Software Market's Competitive Landscape?
Major companies operating in the business intelligence management software market are Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., Adobe Inc., SAS Institute Inc., Databricks Inc., Teradata Corporation, Informatica LLC, Tableau Software LLC, Tibco Software Inc., Cloudera Inc., Qlik Technologies Inc., MicroStrategy Incorporated, Domo Inc., Sisense Ltd., BOARD International SA, ThoughtSpot Inc., GoodData Corporation, Information Builders Inc., Yellowfin International Pty Ltd., Panorama Software Ltd., ClearStory Data
What Geographic Markets Are Powering Growth in the Business Intelligence Management Software Market?
North America was the largest region in the business intelligence management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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