Business Intelligence Market is expected to grow at CAGR of ~11.0% during the forecast period and expected to reach market size of US ~$34.3 Billion by the end of forecast period. Business intelligence market is growing rapidly with the emerging need of market intelligence. The growing demand of the business intelligence solutions among the small and large enterprise companies help to increase the utilization of their data in the optimum way. The usage of these solutions helps to simplify association, sharing and upgrade alignment with a single source for meticulous financial and operational information. Business Intelligence also boost insights to understand and analyze business completion and opportunities on profound level.
Business intelligence is unable to deliver self-service analysis or reporting, the BI tools are complicated and can be used by professionals within the organization. Analysis across multiple system also challenges the business intelligence tools as the data is often is across collection of different system and software. To unlocking the hidden data in system is also the major challenge faced by the business intelligence. The growing demand of business intelligence and analytics software is significant in large enterprises; however, small and medium organizations are also looking for investing in this software as the benefit associated with it encourages its adoption.
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Competitive Outlook:
The prominent players in the market of network as a service (BI) market are – Verizon wireless (U.S.), Rackspace (U.S.), AT&T (U.S), Cisco Systems (U.S.), IBM Corp. (U.S.), Juniper Networks (U.S.), VMware (U.S.), SAP SE (Germany), Microsoft Corp (U.S), SAS Institute (U.S) and among others.
Segmentation:
The global business intelligence market has been segmented based on technology, service, component, deployment, organization, and industry. By technology, the market has been segmented into mobile BI, cloud BI, social BI, and others. By service, the market has been segmented into managed service, hosted service and others. By deployment, the market has been segmented into on-cloud and on-premises. By organization, the market has been segmented into telecom & IT, education, manufacturing, retail, banking and others.
Regional Analysis:
North America leads the market for business intelligence. Presence of major industry players in the region, intense R&D activities in the field of technology, increasing competition, and evolving trend of data proliferation aids the growth of the market in North America. Asia-Pacific holds potential growth opportunities and is estimated to manifest high growth during the forecast period owing to ongoing industrialization and advancements in the field of technology in the region.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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