Business Intelligence Market Development, Market Trends, Key Driven Factors, Segmentation and Forecasts to 2026


Posted May 19, 2020 by graciegarner16

Global Business Intelligence Market is expected to rise from its initial estimated value of USD 20.37 billion in 2018 to a projected value of USD 42.62 billion by 2026

 
An exhaustive research study is added in Data Bridge Market research’s database of 350 pages, titled as “Global Business Intelligence Market” which created with some common growth strategies like market penetration, market expansion, product expansion, diversification and acquisition. The insights which mentioned in this report will focus on actionable ideas, better decision-making and better strategies for business which serves as a real backbone for your business seeking to thrive on the market. The analytical study of Business Intelligence market report supports the mapping of growth strategies to increase sales and build on the market brand image. This study gives you an in-depth overview of telescopic view of current market trends, situations, opportunities, revenue growth, sustainability initiative, challenges, risks, entry barriers and status. The geometric and numerical data collected to generate this report are meant mostly by the graphs, tables and charts that make this report more user-friendly.

Global Business Intelligence Market is expected to rise from its initial estimated value of USD 20.37 billion in 2018 to a projected value of USD 42.62 billion by 2026, registering a CAGR of 9.67% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in adoption of IoT based technologies that have been caused by the significant emergence of IoT in every aspect of industries and business operations.

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What are the major market growth drivers?

Growth in usage of cloud and cloud computing is one of the major factors driving the market growth

Increasing demand of analysis-based and data-evident business decisions; this factor is expected to drive the market growth

The 2020 Annual Business Intelligence Market offers:

=> 100+ charts exploring and analyzing the Business Intelligence market from critical angles including retail forecasts, consumer demand, production and more
=> 10+ profiles of top Business Intelligence producing states, with highlights of market conditions and retail trends
=> Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
=> Benchmark wholesale prices, market position, plus prices for raw materials involved in Business Intelligence type

Key Segmentation: Business Intelligence Market

By Component (Platform, Software, Services),

Data Type (Structured Data, Unstructured Data, Semi-Structured Data),

Technology (Mobile, Cloud, Social, Others),

Deployment Model (On-Demand, On-Premises),

Organization Size (Small & Medium-Sized Enterprises, Large Enterprises),

Application (Predictive Asset Maintenance, Fraud Detection & Security Management, Supply Chain Optimization, Network Management & Optimization, Workforce Management, Sales & Marketing Management, Operations Management, Others),

Industry Vertical (BFSI, Telecommunications & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Manufacturing, Government & Defense, Energy & Utilities, Transportation & Logistics, Media & Entertainment, Others),

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Rapid Business Growth Factors

In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.

Business Strategies

Key strategies in the Global Business Intelligence Market that includes product developments, partnerships, mergers and acquisitions, etc discussed in this report. The potential of this enterprise section has been rigorously investigated in conjunction with main market challenges.

Key Market Competitors: Business Intelligence Market

Few of the major competitors currently working in the business intelligence market are Microsoft; SAP SE; IBM Corporation; TABLEAU SOFTWARE; Oracle; SAS Institute Inc.; QlikTech International AB; MicroStrategy Incorporated; Information Builders; Pegasystems Inc.; Continuum Managed Services; Hitachi Vantara Corporation; TIBCO Software Inc.; Sisense Inc.; Verizon Wireless; RACKSPACE US, INC.; Cisco; AT&T Intellectual Property; Juniper Networks, Inc.; VMware, Inc; GoodData Corporation; TARGIT; ALTERYX, INC.; Birst, Inc.; Fair Isaac Corporation; Salesforce.com, inc.; ALTEN Group and Stratebi.

Key Developments in the Market:

In February 2019, Pegasystems Inc. announced that they had purchased the assets of Infruid Labs, which will help in enhancement of Pegasystems Inc.’s product portfolio and enhance the customer experience for the existing products and services provided by the organization through better visualization and interpretation experiences.

In January 2019, Continuum Managed Services announced that they had acquired Brightgauge. This acquisition is a strategic decision taken by Continuum Managed Services which will significantly improve the customers serviced by them and will help enhance their presence globally.

Some extract from Table of Contents

Overview of Global Business Intelligence Market

Business Intelligence Size (Sales Volume) Comparison by Type

Business Intelligence Size (Consumption) and Market Share Comparison by Application

Business Intelligence Size (Value) Comparison by Region

Business Intelligence Sales, Revenue and Growth Rate

Business Intelligence Competitive Situation and Trends

Strategic proposal for estimating availability of core business segments

Players/Suppliers, Sales Area

Analyze competitors, including all important parameters of Business Intelligence

Global Business Intelligence Manufacturing Cost Analysis

The most recent innovative headway and supply chain pattern mapping

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc/?dbmr=global-business-intelligence-market&AM

Key Research Methodology Used By Data Bridge market Research

Data triangulation – This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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Last Updated May 19, 2020