Business Intelligence Platform Market, by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Business Intelligence Platform Market Overview
The global Business Intelligence Platform market size is projected to reach USD 33.6 billion by 2026 at a CAGR of 7.9% from USD 23.5 billion in 2021 during the forecast period 2021-2028.
Business intelligence or BI is an AI based platform that collects, store and analyse the data in a business. It allows a company to design and create applications by giving them the capabilities of analysis, information and an integration platform. Companies use such platforms to get valuable insights from their collected data.
With the increased adoption of cloud and the recent growth in the data generation are some of the factors that have supported long-term expansion for Business Intelligence Platform Market.
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The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With everything moving online with the lockdown all across the borders has created the need for business intelligence platform. These have not just help to improvise the existing system but has also helped in digitalization of the sector.
Business Intelligence Platform Market Regional Analysis
North America is expected to be the largest market during the forecast period. Owing to the advancements offered by business intelligence platform along with the extended use for sale, production and innovation have led to growth in the commercial refrigeration equipment in the region.
Business Intelligence Platform Market Competitive Landscape
Key Players
• IBM
• Oracle
• Microsoft
• SAP
• SAS
• Google
• AWS
• Salesforce
• MicroStrategy
• Teradata
• DOMO
• TIBCO
• Information Builders
• Yellofin
• Qlik
• Board International
• Infor
• Dundas
• Targit
• Zoho
• Vphrase
• dotdata
• Amlgo Lab
• Pentation Analytics
• Hitachi Vantar
• Outlier
• ConverSight AI
• Element Data
• Alteryx
• ThpughtSpot
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Business Intelligence Platform Market Recent Developments
• In June 2020, IBM launched Watson Works was launched by IBM in order to deal with the challenges of returning back to workplaces. Watson Works is a set the of products that incorporate Watson AI model and applications so as to help companies access many aspects of the return-to-workplace challenge due to the prevalent lockdown conditions.
• In June 2020, Microsoft join hands with SAS for extensive technology and go-to-market strategic partnership. As per the partnership, both companies will migrate SAS’ analytical products and industry solutions to Microsoft Azure as the preferred cloud provider for SAS Cloud.
Reasons to Acquire in the Business Intelligence Platform Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Business Intelligence Platform market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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