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The Global Business Intelligence market raised a total of $xx million in 2017. Over the forecast period of 2018-2026, trends like growing recognition of cloud BI by SMEs, social media business, and increase adoption of mobile BI are expected to advance the market growth further. By the end of 2026, the market is expected to account for a CAGR of 9.51%.
The Global Business Intelligence market segments include application, component, data types, deployments, organization size and end-users. The market mainly finds application in Fraud detection and security management, Network management and optimization, Operations management, Predictive asset maintenance, Sales and marketing management, Supply chain optimization, Workforce management, etc. Market components could be categorized into platform, services and software. Data type segment includes Semi-structured data, Structured data and Unstructured data. Market deployment are On-premise and On demand-based. The organization size can vary from large enterprise to small and medium enterprise. The end-users for this market are sectors like manufacturing, healthcare, energy and power, BFSI, automotive and logistics, IT & telecom, retail, media & entertainment, government and others.
The regional segmentation of the global business intelligence market is done into North America, Europe, Asia-Pacific and rest of world. The Asia-Pacific market is predicted to be the fastest-growing region for the global market. The region has progressed in terms of advancements in technology. The market is also increasingly inclining towards IOT and big data analytics. On the other hand, the North American business intelligence market is anticipated to hold the largest revenue share by the end of the projected years. The region is home to some of the major global market players and has raced ahead in terms of technical advancement for business management analytics, as compared to other regional markets.
Few of the established market players in the global business intelligence market include Birst, Alteryx, Fair Issac Corporation (Fico), Information Builders, Good Data, International Business Machine Corporation ( IBM ), Microsoft, Oracle Corporation, Microstrategy, Qlik Technolgies Inc, Sap, Sales Force, Sas Institute Ic, The Information Bus Company (Tibco) Software Inc, Tableau Software, Porini, Stratebi and Alten Group.