Business Intelligence Market anticipated to flourish at a CAGR of 10.8% By 2023
- by KD Market Insights
- November, 2023
According to KD market insights, research provides a forecast for global business intelligence market for a span of 6 years i.e. between 2018 and 2023. It is expected that the market will reach a notable valuation by end of 2023. Moreover, it is anticipated to flourish at a CAGR of 10.8% during the forecast period i.e. 2018-2023. The world is going through great evolutions like rapid urbanization, industrialization and more. There is an infinite number of businesses are running across the globe and this number is likely to increase at a remarkable rate in upcoming years. Likely, the rising number of businesses is a major factor that is augmenting the demand for numerous business intelligence tools, which in turn projected to bolster the growth of the market in near future.
Business intelligence market research provides a detailed analysis of its global market and provides useful insights to understand the reason behind the popularity of this emerging technology along with its advantages and challenges. The report covers a detailed analysis of key industry drivers, challenges, market trends as well as market structure. The report has been segregated on the basis of end-user global regions. This research also provides an assessment of key industry giants and their strategies that help them to succeed in business.
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The research offers a comprehensive analysis of the business intelligence market with respect to various sub-markets. On the basis of the component, the market is divided as software, platform, services, managed services, and professional services. By data type, the market is divided as structured data, semi-structured data, and unstructured data. A deployment type is divided as on-demand and on-premises. By business size, the market is divided into small & medium enterprises and large enterprises. By the type of technology, it is divided as cloud BI, Traditional BI, social BI, and Mobile BI. By application, it is divided as Operations Management, Network Management and Optimization, Predictive Asset Maintenance, Sales and Marketing Management, Fraud Prevention and Security Management, Workforce Management, Supply Chain Optimization, and Other Applications. By end-user, the market is divided as media and entertainment, manufacturing, telecommunications and IT, transportation and logistics, retail and consumer goods, banking, financial services, and insurance, energy and utilities, healthcare and life sciences, government and defense and others.
It covers a market overview for 2018-2023 and gives a probable forecast with the context of business intelligence. This also covers new technological development and their role in the market. The research covers the pivotal trends within countries contributing to the growth of the market, as well as analyses the factor due to which drivers impact the market in each region. Key regions and countries included in this report include North America (U.S& Canada), Europe (Germany, U.K, France, Italy) Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan and Rest of Asia), Middle East &Africa (GCC, North America, North America, South America).
The report also reflects the current scenario and the target of the business intelligence market. For this evaluation, 2017 considered as the base year, 2018 as an estimated year, 2019-2023 as a forecasted year. As already mentioned, the global business intelligence market is divided into a number of segments. All segments in terms of end-user and different regions are examined in terms of base points to understand the relative contributions of each segment to market growth. This detailed level of facts & information is essential for the identification of various key factors in the global business intelligence market.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the market, and key differentiators. This section is mainly designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the current scenario and the main competitors for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in this market. Some of the key competitors covered in the report are Sisense, Looker Data Sciences, Tableau Software, SAP SE, Domo, Inc., Microsoft, IBM, QlikTech International AB, Dundas Data Visualization, Inc., Yellowfin Business Intelligence and Other Prominent Players.
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