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Global Business Intelligence Market Size, Trends & Growth Opportunity, By Deployment Type (On-Premise and On-Demand), By Component (Platform, Software, and Service), By End Use Industry (Manufacturing, Retail & Consumer Goods, Media & Entertainment, Energy & Utilities, Government & Defense, and Others), By Region and Forecast Till 2027.


Report ID : IR1001762 | Industries : Energy & Power | Published On :June 2024 | Page Count : 245

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  • Global Business Intelligence Market Size, Trends & Growth Opportunity, By Deployment Type (On-Premise and On-Demand), By Component (Platform, Software, and Service), By End Use Industry (Manufacturing, Retail & Consumer Goods, Media & Entertainment, Energy & Utilities, Government & Defense, and Others), By Region and Forecast Till 2027.
     Global Business Intelligence Market
    The Global Business Intelligence Market is expected to grow from US$ 27.11 Billion in 2021 to US$ 54.27 Billion by 2027; it is estimated to grow at a CAGR of 12.26% from 2022 to 2027.
    Market Overview
    Business Intelligence is the category of technological solutions and services employed by an organization for the analysis of data created through business operations and the analysis of information associated with the structure of a business. Business Intelligence involves the usage of Intelligence technologies that handle significant amounts of data.
    Market Drivers
    The increase in the usage of cloud computing systems is the key driving factor that is expected to boost the global business Intelligence market growth. Furthermore, the rise in demand for analysis-based and data-evident business decisions will have a positive impact on market growth. Moreover, an increase in the growth of advanced analytics and the adoption of data-driven decision-making will drive market growth. Also, an increase in the usage of this technology by small and medium enterprises will drive market growth shortly.
    Market Restraints
    During the anticipated era, the high cost of IT infrastructure investment is anticipated to restrain the development of the business intelligence market. For many businesses, the expense of setting up business intelligence infrastructure is a significant concern. The development of the BI market is being hampered by sufficient variables like consulting analysts, skilled IT experts, and professional data science experts. High-cost software, which affects the BI market, is expensive to install and maintain in small and medium-sized businesses. 
    Covid-19 Impact on Business Intelligence Market
    The COVID-19 outbreak had a favorable effect on the market for business information. There was a growing need for applications that help customers by discovering solutions, as there was no reliable support system for those who worked from home. Covid-19, though, also interfered with supply networks using both online and offline platforms. Business intelligence tools helped various industries get to the end of their marketing and sales pipelines so they could continue operating with the same vigor. Additionally, the possibilities made possible by restrictions and lockdowns, as well as new markets that have emerged as a result of market restrictions, have all aided the BI market, driving up sales and revenue. Additionally, during the COVID-19 crisis, BI solutions have been of great assistance to businesses in looking at their revenue production, operations, and sales. With the aid of data visualization, it offered an approximation of the performance of a business.
    Market segmentation
    The global market for business intelligence is categorized into different segments based on deployment type, component, end-user industry, and region. The deployment type segment includes on-premise and on-demand, with the cloud segment expected to generate a significant portion of market revenue in 2021 due to its outsourcing of BI infrastructure. The component segment comprises platforms, software, and services, with the software segment expected to dominate the market during the forecast period due to an increase in the use of technological software across various sectors. The end-user industry segment includes manufacturing, retail & consumer goods, media & entertainment, energy & utilities, government & defense, and others. The market is also segmented by region into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, with North America dominating the market in terms of revenue share in 2021 due to its rapid development, emerging technology, and the presence of key industry players.
    Market Key Players 
    Various key players are discussed in this report such as Microsoft Corporation, International Business Machines Corporation, SAP SE, Oracle Corporation, Tableau Software, SAS Institute, Qlik Technologies, and MicroStrategy, Inc.
    Industrial Development
    • In In June 2020, IBM released Watson Works, a tool that assists businesses in allowing employees to return to their places of employment by concentrating on a variety of issues related to mitigating the effects of the coronavirus and boosting the demand for business intelligence platforms.
    • In Microsoft and SAS worked together to create a comprehensive technological and strategic platform in June 2020 that is likely to migrate SAS analytical products and drive business intelligence system sales.
    Market Taxonomy
    By Deployment type
    • On-premise
    • On-demand
    By Component
    • Platform
    • Software
    • Service
    By End Use Industry
    • Manufacturing
    • Retail & Consumer Goods
    • Media & Entertainment
    • Energy & Utilities
    • Government & Defense
    • Others
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Business Intelligence Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?
     

    Global Business Intelligence Market 
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Business Intelligence Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Business Intelligence Market, By Deployment Type
    5.1 Y-o-Y Growth Comparison, By Deployment Type 
    5.2 Global Business Intelligence Market Share Analysis, By Deployment Type 
    5.3 Global Business Intelligence Market Size and Forecast, By Deployment Type
    5.3.1 On-Premise
    5.3.2 On-demand
    6 Global Business Intelligence Market , By Component
    6.1 Y-o-Y Growth Comparison, By Component
    6.2 Global Business Intelligence Market Share Analysis, By Component
    6.3 Global Business Intelligence Market Size and Forecast, By Component
    6.3.1 Platform
    6.3.2 Software
    6.3.3 Services
    7 Global Business Intelligence Market, By End Use Industry
    7.1 Y-o-Y Growth Comparison, By End Use Industry
    7.2 Global Business Intelligence Market Share Analysis, By End Use Industry
    7.3 Global Business Intelligence Market Size and Forecast, By End Use Industry
    7.3. 1 Manufacturing
    7.3.2 Retail and Consumer Goods
    7.3.3Media & Entertainment
    7.3.4Energy & Utilities
    7.3.5Government & Defense
    7.3.6Others
    8 Global Business Intelligence Market, By Region
    8.1 Global Business Intelligence Market Share Analysis, By Region
    8.2 Global Business Intelligence Market Size and Forecast, By Region
    9 North America Business Intelligence Market Analysis and Forecast (2022 – 2027)
    9.1 Introduction
    9.2 North America Business Intelligence Market Share Analysis, By Deployment Type
    9.3 North America Business Intelligence Market Size and Forecast, By Component
    9.4 North America Business Intelligence Market Size and Forecast, By End Use Industry
    9.5 North America Business Intelligence Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Business Intelligence Market Analysis and Forecast (2022 – 2027)
    10.1 Introduction
    10.2 Europe Business Intelligence Market Share Analysis, By Deployment Type 
    10.3 Europe Business Intelligence Market Size and Forecast, By Component 
    10.4 Europe Business Intelligence Market Size and Forecast, By End Use Industry
    10.5 Europe Business Intelligence Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11 Asia Pacific Business Intelligence Market Analysis and Forecast (2022 – 2027)
    11.1 Introduction
    11.2 Asia Pacific Business Intelligence Market Share Analysis, By Deployment Type 
    11.3 Asia Pacific Business Intelligence Market Size and Forecast, By Component 
    11.4 Asia Pacific Business Intelligence Market Size and Forecast, By End Use Industry
    11.5 Asia Pacific Business Intelligence Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Business Intelligence Market Analysis and Forecast (2022 – 2027)
    12.1 Introduction
    12.2 Latin America Business Intelligence Market Share Analysis, By Deployment Type 
    12.3 Latin America Business Intelligence Market Size and Forecast, By Component 
    12.4 Latin America Business Intelligence Market Size and Forecast, By End Use Industry
    12.5 Latin America Business Intelligence Market Size and Forecast, Country
    12.5.1. Brazil
    12.5.2. Rest of Latin America
    13 Middle East Business Intelligence Market Analysis and Forecast (2022 – 2027)
    13.1 Introduction
    13.2 Middle East Business Intelligence Market Share Analysis, By Deployment Type 
    13.3 Middle East Business Intelligence Market Size and Forecast, By Component 
    13.4 Middle East Business Intelligence Market Size and Forecast, By End Use Industry
    13.5 Middle East Business Intelligence Market Size and Forecast, By Country
    13.5.1Saudi Arabia
    14.5.2 UAE
    14.5.3 Egypt
    14.5.4 Kuwait
    14.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Microsoft Corporation
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 International Business Machines Corporation
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 SAP SE
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Oracle Corporation
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Tableau Software
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 SAS Institute
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Qlik Technologies 
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 MicroStrategy, Inc.
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies