Business Intelligence & Analytics Software Market By Platform Type (BI Platforms, CPM Suite, Content Analytics, Advanced & Predictive Analytics And Analytics Application), By Deployment Model (Cloud-Based, On-Premise), By Service, By Organization Size, By Industry Vertical - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Increasing Expenditure over Data Analytics to Drive the Demand for Business Intelligence & Analytics Solutions

The overall business intelligence & analytics software market expected to demonstrate robust growth rate during the forecast period from 2018 to 2026, up from US$ 12.87 Bn in 2017. Business intelligence & analytics solutions have emerged among the most important tools for companies enabling them to make smart and data-driven decisions. Consistently growing amount of data globally has ensured endless applications for business intelligence & analytics software. Due to advent of social media networks, the amount of data is set to continue growing exponentially in following years, thereby driving the demand for related BI & analytics solutions. Additionally, deploying BI & analytics solutions offer numerous benefits including faster & accurate reporting, improved data quality & analysis, better business decisions, enhanced operational efficiency and several others.

Market Synopsis

Business Intelligence & Analytics Software Market

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On-premise Business Intelligence & Analytics is the Largest Segment; Cloud-based Segment to Demonstrate the Highest Growth

In 2017, the on-premise business intelligence & analytics software led the global market with over 2/3rd value share. Higher market share is mainly attributed to strong data security concern. Business intelligence & analytics involves handling huge volumes of data inviting high security concerns. As a result, majority of the large enterprises prefer deploying these solutions on-premise. In the coming years, cloud-based business intelligence & analytics segment is expected to register high growth rate. Since the past 4-5 years, overall cloud services sector has been witnessing double-digit growth worldwide. With continued efforts by the service providers, cloud-based services have now emerged as secure, cost-effective, reliable and convenient deployment model.

Business Intelligence & Analytics Software Market

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North America to Retain Dominance on Account of High Penetration of BI & Analytics Tools

In 2017, North America dominated the overall business intelligence & analytics software market accounting for more 1/3rd of the global market value. The U.S. is one of the highest data generating countries in the world, making it a prominent market for BI & analytics. Rapid growth in sectors such as smart grid, social media, energy management and several others has ensured huge consumer base for BI & analytics solutions in the nation. Additionally, with presence of numerous BI & analytics companies in the region, North America would continue dominating the market throughout the forecast period. Europe follows North America on account of strong penetration in countries such as the U.K., Germany, France, Italy and some of the Nordic Countries. Asia Pacific is set to register the highest growth rate during the forecast period. Apart from China and Japan, India is set to emerge as the next promising market for BI & analytics solutions over the forecast period. Since 2015, India has been demonstrating a growth rate of nearly 20% in BI & analytics software market.

Business Intelligence & Analytics Software Market

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Growing Efforts towards Creating ‘Business-led BI’ to Ensure Highly Competitive Market

The overall BI & analytics software market is highly competitive in nature. Market players are well aware of the challenges related to BI solutions faced by their customers. Major market players including Microsoft Corporation, SAS Institute, Inc. and SAP SE are focused on creating BI tools that are more user-friendly and offer the exact visuals/data desired by the users. Additionally, emphasis on self-service tools that can derive insights while keeping the users engaged is another important step undertaken by the market players. Development of social business intelligence tools, directed specifically towards analyzing social media, is expected to emerge as the next big sector in overall BI & analytics industry. Some of the major players profiled in the report include Birst, Inc. (an Infor Company), BOARD International S.A., IBM Corporation, Jaspersoft Corporation, Logi Analytics, Inc., Microsoft Corporation, MicroStrategy, Inc., Oracle Corporation, Qlik Technologies, Inc., Salesforce.com, Inc., SAP SE, SAS Institute, Inc., Sisense, Inc., Tableau Software, Inc., TIBCO Software, Inc. and others.

Business Intelligence & Analytics Software Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The business intelligence & analytics software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global business intelligence & analytics software market based on platform type, deployment model, services, organization size, industry vertical and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 Platform Type Segment (2016–2026; US$ Bn)
 • Business Intelligence Platforms
 • Corporate Performance Management (CPM) Suite
 • Content Analytics
 • Advanced & Predictive Analytics
 • Analytics Application

 Deployment Model Segment (2016–2026; US$ Bn)
 • Cloud-based
 • On-premise

 Service Segment (2016–2026; US$ Bn)
 • Professional Services
 • Managed Services

 Organization Size Segment (2016–2026; US$ Bn)
 • Small & Medium Enterprises (SMEs)
 • Large Enterprises

 Industry Vertical Segment (2016–2026; US$ Bn)
 • Banks, Financial Services & Insurance (BFSI)
 • IT & Telecom
 • Media & Entertainment
 • Travel & Hospitality
 • Pharmaceuticals & Healthcare
 • Retail & E-commerce
 • Industrial Manufacturing
 • Government & Defense
 • Energy & Utilities
 • Others (Education, Sports etc.)

 Geography Segment (2016–2026; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of business intelligence & analytics software in 2017 and forecast up to 2026?
  • Which is the largest regional market for business intelligence & analytics software?
  • What are the notable market trends observed in the business intelligence & analytics software market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?

Unique data points of this report

  • Statistics on data generation across different geographic regions
  • Statistics on social media penetration worldwide
  • Major challenges faced by customers in using business intelligence & analytics
  • Recent trends across different regions in terms of adoption of business intelligence & analytics
  • Attractive investment proposition for industry vertical segment as well as geography
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
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Published Date:  Aug 2018
Category:  Technology & Media
Report ID:   59264
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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