Press release
2025-2034 BI Software Market Evolution: Disruptions, Innovations, and Untapped Opportunities
BI Software Market
BI Software Market Size Growth Forecast: What to Expect by 2025?
The market size for BI software has seen an accelerated expansion in the past few years. The market is projected to surge from $76.79 billion in 2024 to $85.65 billion in 2025, marking a compound annual growth rate (CAGR) of 11.5%. Factors such as data proliferation, data integration, competitive edge, and regulatory adherence have significantly contributed to this growth during the historical period.
How Will the BI Software Market Size Evolve and Grow by 2029?
Significant expansion is anticipated in the BI software market size over the next several years. It's projected to rise to $133.66 billion in 2029, with a compound annual growth rate (CAGR) of 11.8%. This surge during the predicted period can be linked to sophisticated analytics and AI, self-service BI, cloud-based BI and real-time analytics. Key trends during this period are expected to include data visualization, mobile BI, embedded BI, and big data integration.
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What Drivers Are Propelling the Growth of BI Software Market Forward?
The business intelligence (BI) software market is witnessing growth, boosted by an increase in data-driven projects due to the heightened demand for real-time analytics. The International Data Group (IDG) forecasts that 69% of businesses are either planning or deploying data-driven projects aimed at improving production and sales, enhancing decision-making processes, formulating strategic business plans, and more. Industry players are utilizing business intelligence software to anticipate consumer behavior and their interaction with products and services. To cite an example, Starbucks has begun using business intelligence software in combination with CRM software to predict customer purchasing patterns.
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Which Emerging Trends Are Transforming the BI Software Market in 2025?
Prominent players in the business intelligence (BI) software market are strategically focusing on creating advanced products with compound AI systems to gain market advantage. Compound AI systems are comprehensive systems that integrate various AI technologies and methods to decipher complicated problems, merging machine learning, data analytics, and natural language processing. In the context, Databricks Inc., an American AI company, in June 2024 introduced an exceptional business intelligence product, AI/BI, aimed at broadly facilitating analytics access across firms. This fresh product includes two key elements named dashboards and genie, both powered by a compound AI system. This system continually learns from users' interactions and data utilization across the firm, improving the accuracy and pertinence of insights by adjusting to the unique semantics of the company's data progressively.
What Are the Key Segments in the BI Software Market?
The bi softwaremarket covered in this report is segmented -
1) By Type: Unstructured Data, Semi Structured Data, Structured Data
2) By Deployment: On-Premise, On-Cloud
3) By Application: BFSI, Telecomm, IT, Retail And Consumer Goods, Healthcare And Life sciences, Manufacturing
Subsegments:
1) By Unstructured Data: Text Data, Audio And Video Data, Social Media Data, Sensor Data
2) By Semi-Structured Data: XML Data, JSON Data, Email Data, Log Files
3) By Structured Data: Relational Databases, Data Warehouses, Data Lakes, Spreadsheets
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Who Are the Key Players Shaping the BI Software Market's Competitive Landscape?
Major companies operating in the BI software market include SAP SE, Oracle Corp., JDA Software Group Inc., Infor Global Solutions, Manhattan Associates Inc., Infor Nexus, Descartes Systems Group, IBM Corporation, Kinaxis Inc., High Jump Software, Epicor Software Corporation, Kewill Systems Plc, BluJay Solutions, Indian Foreign Service, Verizon Connect Inc., SPS Commerce Inc., Dassault Systemes, Coupa Software Inc., Basware, WiseTech Global Ltd., e2open Software Co., Jaggaer, GEP Software Co., Zycus Software Co., Plex Manufacturing Cloud, QAD Inc., Sage US, Vanguard Software, Quintiq, Unit4, Rackspace US Inc., Microsoft Corporation, Cisco Systems Inc., GoodData Corporation, Targit AS, VMware Inc., Tableau Software Inc., Google LLC, Open Text Corporation, MicroStrategy Incorporated, QlikTech International AB, Information Builders Inc., Tibco Software Inc., Salesforce.com Inc.
What Geographic Markets Are Powering Growth in the BI Software Market?
North America was the largest region in the business intelligence (bi) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the business intelligence (bi) software market during the forecast period. The regions covered in the bi software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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