With the advent of Big data and the growing necessity to make precise decisions within a compressed period of time, Business Intelligence (BI) and Analytics has gained spotlight in the last decade. Market research suggests that this trend will steadily rise with time, development of technology and growing investments. BI encompasses all the aspects of market intelligence and analytics which helps transform raw data into relevant meaningful information for more efficient and precise decision making and strategy planning. The scope of BI is vast and can have a positive impact on each hierarchy and unit of the organization. BI Technologies primarily provides qualitative and quantitative insight into the past, present and the future operations of an organization.
Scope of the Report:This report studies the Business Intelligence Tools market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Business Intelligence Tools market by product type and applications/end industries.
The execution of efficient business intelligence can substantially improve financial performance, maximize utilization of resources and reduce the risk of making inconsistent and incorrect decisions.
Although IB technologies started in the early 1990s was mostly popular in North America, it has slowly revolutionized the field of business strategy and management and penetrated all over the world. Asia-Pacific, including Australia, New Zealand and China, has made significant leaps in the development and application of this technology.
The global Business Intelligence Tools market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Business Intelligence Tools.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Lexalytics
Sysomos
Lingumatics
Abzooba (Xpresso)
General Sentiment, Inc.
Medalla
Tableau Software
Actuate Corporation
Oracle
CloudAnalytics
Good Data
Qlik Technologies
IBM
SAP
Tibco
SAS
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Traditional BI
Cloud BI
Mobile BI
Social BI
Market Segment by Applications, can be divided into Reporting
Data Mining
Data analytics
OLAP
Process and Text mining
CPM
DSS
Complex event processing
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
