Social Business Intelligence Market: BFSI Segment Expected to Emerge the Undisputed Leader by Vertical

Enterprises across multiple industrial verticals are compelled to employ programs that deliver custom analytical reports on their businesses and help them improve their entrepreneurial efficiency through intelligent solutions.

Growing adoption of cloud technologies among all sorts of businesses has propelled the demand for such programs, which can be collectively identified as social business intelligence. Future Market Insights, thus, predicts that the impact of cloud technology will remain greatly profitable for adoption of social business intelligence programs.

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Cloud technologies, nevertheless, will gain prominence in the global market for social business intelligence. The market, which is presently valued at US$ 15.8 Bn, is anticipated to expand steadily at 6% CAGR and bring in more than US$ 28 Bn by the end of 2026. Tools and platforms developed for collaborative or social business intelligence will continue to be devised from advanced technologies. Growing usages of social media, rising implementation of big data analytics, and higher preference to software-as-a-service business model are some of the key drivers for growth of the global social business intelligence market.

Apropos the report, North America is expected to dominate the global social business intelligence market by closing in on 40% revenue share towards the end of the forecast period. The region will also showcase fastest revenue growth at 7.7% CAGR, and is likely to surpass US$ 11 Bn by 2026-end. Demand for social business intelligence program will also gain traction in Western Europe, while Middle East & Africa will render slowest revenue growth at 3.6% CAGR.

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The report identifies four most-lucrative industrial verticals for adoption of social business intelligence programs as healthcare, travel & tourism, governance & administration, and the banking, finance, securities & investment (BFSI) sector. Collectively, more than half of global social business intelligence market revenues will be emanating from these verticals throughout the forecast period. The report also reveals large enterprises will be attributing to the largest chunk of global revenues through 2026. Small and medium-sized enterprises will also witness an uptick in their presence in global social business intelligence market.

IBM Corporation, SAP SE, Tableau Software, Inc., Qlik Technologies, Inc., SAS Institutes, Inc., MicroStrategy, Inc., Logi Analytics, Inc., Microsoft Corporation, TIBCO Software, Inc., and Alteryx, Inc., are leading providers of social business intelligence programs profiled in the report.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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This release was published on openPR.