Tuesday 17 February 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global SaaS-based Business Intelligence (BI) Market: IBM Corp., Microstrategy Inc., Oracle Corp., QlikTech International AB, SAP AG, TIBCO Software Inc., Actuate Corp. , Birst Inc., Bime, Cloud9 Analytics , GoodData Corp., Indicee Inc. , Host Analytics Inc., Jaspersoft Corp., Kognitio , PivotLink , SAS Institute Inc.
Commenting on the report, an analyst from the report's team said: “The importance and popularity of mobile BI are growing in the market. Mobile BI helps organizations to track the performance metrics that are being introduced into the market. The growing demand for mobile BI is also because of the increasing mobility in organizations. Recently, workforce mobility has been increasing significantly with the growth of organizations outside regional boundaries. In addition, organizations are providing work-from-home options to reduce their costs and enhance employee morale. ”
According to the report, the increasing volume of information generated in enterprises is one of the major drivers in the market. BI solutions are useful in the retrieval and analysis of the vast and growing amount of diverse data in enterprises. BI enables the centralized management of enterprise-wide data to enhance the decision making process, thereby improving the performance and operational efficiency of an organization.
Further, the report states that the growth of the Global SaaS-based BI market is curtailed by certain challenges. The presence of many open-source BI vendors is one of the major challenges in this market. As the purchasing and licensing costs of commercial BI tools are high, several micro and small-scale enterprises and individual users prefer open-source products, which are freely available on the internet.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.