Press release
Global BI Market To Grow At A CAGR Of 10.38% During The Period 2016-2020
BI is a combination of tools and techniques used to transform raw data into meaningful information for the critical business decision-making process. It helps users to analyze data, receive information from various channels or business activities, and use the information in organizational opportunities and to improve business efficiency.
The BI solution, when integrated with analytics, is capable of handling a large amount of unstructured data to help identify and analyze business patterns. This technology helps users analyze current and historical data.
Technavios analysts forecast the global BI market to grow at a CAGR of 10.38% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global BI market for the period 2016-2020. To calculate the market size, the report considers the revenue generated through software licenses and subscriptions, software implementation, and technical support and maintenance of BI.
The market is divided into the following segments based on technology:
Traditional BI
Mobile BI
Social BI
Cloud BI
Technavio's report, Global Business Intelligence market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
IBM
Microsoft
Oracle
SAP
SAS Institute
Other prominent vendors
Actuate
Alteryx
Board International
Brist
Datawatch
GoodData
Infor
Information Builders
Logi Analytics
MicroStrategy
Panorama Software
Pentaho
Prognoz
Pyramid Analytics
Qlik
Salient Management Company
Tableau
Targit
Tibco Software
Yellowfin.
Market driver
Growing adoption of data analytics
For a full, detailed list, view our report
Market challenge
High implementation cost
For a full, detailed list, view our report
Market trend
Integration with social media
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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