WiseGuyReports.Com Publish a New Market Research Report On –“Business Intelligence Software Market By Services,Assets Type,Solutions,End-Users,Applications,Regions Forecasts to 2026”.
— Business Intelligence Software Industry 2019
In the 21st century, business intelligence is one of the most promising and attractive markets. One of the main reasons for the high growth of the market is the use of business intelligence as an important tool by business undertakings to make tactful and strategic decisions. In the year 2017, the Business Intelligence Software market was valued at USD 14 billion. It has been estimated that by the year 2026, the industry will reach approximately USD 32 billion. Thus the growth is projected to take place at the CAGR of almost 10.89 percent during the forecasted period.
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A wide range of factors come into play that molds the performance of the industry in the current times. A thorough assessment of the industry has been carried out to identify the key factors, market dynamics, and drivers that influence the industry’s performance. Some of the main factors that impact the industry and its overall performance include the increase in the volume of the data that is produced currently, the increase in the saturation level of smart grids, energy management, social media and the Internet of Things (IoT). The key drivers of the market include the rising popularity of the cloud delivery system and the rise in the adoption of data analytics.
Chief Market Segments
The global Business Intelligence Software market can be segmented based on type, deployment model, end-users, application, and geographical regions. Based on type, some of the sub-classifications of the industry include Cloud BI Software, Mobile BI Software, Social BI Software, and Traditional BI Software. Based on the deployment model, the main categories include On-premise and On-demand or Cloud. The market can be sub-categorized based on end-users into retail, IT and Telecom, Manufacturing, BSFI, and others. Based on application, the main divisions of the industry include supply chain analytics, customer analytics, pricing analytics, marketing analytics, and others. Some of the main geographical areas where the market has a strong presence are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. A wide variety of factors exist in the market setting that influences the overall performance and growth of the industry at the global level.
The Business Intelligence Software Market is considered to be extremely attractive. Due to this, several market participants exist in the market setting and intensify the level of competition. Some of the key market players that accelerate the growth of the market include Microsoft, SAS, IBM, Zoho, Jaspersoft, Domo, Information Builders, and many more. These players could have a major impact on the future performance of the industry as well. To gain a competitive advantage, each of the players is working on their IT infrastructure.
The latest news on the industry
IBM is one of the key players of the Business Intelligence Software market, which is strengthening its business intelligence (BI) so that actionable insights can be revealed in the data of the clients. Lately, IBM Cognos Analytics is transforming businesses. It is making the optimum use of Artificial Intelligence (AI) technology so that the operations can be strengthened.
Table Of Content – Major Key Points
2. Assumptions and Research Methodology
3. Executive Summary
4. Market Overview
5. Global Business Intelligence Software Market Analysis and Forecast
6. Global Business Intelligence Software Market Analysis and Forecast, by Application
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