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
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