Global Business Intelligence (BI) and Data Analytics Platform Market by Type (On-premises, On-demand), By Application (Small and Medium-sized Enterprises, Large Eenterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global business intelligence (BI) and data analytics platform market is expected to grow from USD 9.02 billion in 2018 to USD 21.73 billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of this market can be attributed to the increasing demand for big data and analytics solutions, growing need for real-time insights, and rising focus on cloud-based BI and data analytics platforms. On the basis of type, the BI and data analytics platform market is segmented into on-premises BI and data analytics platforms and on-demand BI and data analytics platforms. The on-premises segment is expected to hold a larger share of the market during the forecast period. However, the on-demand segment is projected to grow at a higher CAGR from 2018 to 2030 owing to its advantages such as low cost, scalability, flexibility, time saving feature etc.



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Product Definition:

- Business Intelligence (BI) is a process that extracts valuable insights from data in order to help organizations make better decisions.

- A Data Analytics Platform is a system used to gather, analyze and visualize data in order to help organizations make better decisions.

The importance of Business Intelligence (BI) and Data Analytics Platforms can be summed up with one word: decision-making. By extracting valuable insights from data, BI tools help businesses make smarter choices about where to allocate resources, how to improve operations and what products or services to offer customers. In addition, by visualizing data in easy-to-understand ways, analytics platforms allow business leaders to spot trends and patterns that would otherwise remain hidden in mountains of figures and tables.

On-premises:

On-premises, it's usage and growth factor in Business Intelligence (BI) and Data Analytics Platform market? On-premises software is used to generate the data for an organization. It helps in storing large volumes of information on the internal server of an organization. The software is installed directly at the company’s site, which allows easy access to employees as well as customers.

On-demand:

On-demand is a type of software service where the software is accessed remotely over the internet. It's an anytime, anywhere software model that allows customers to use the product when and where it suits their needs best. On-demand services are based on three principles namely self-service, choice and consequence. The benefits offered by this model include reduced cost for infrastructure investment, increased efficiency & productivity of business operations along with improved customer experience which leads to higher revenue generation.

Application Insights:

The small and medium-sized enterprises (SMEs) segment held the largest market share in 2017. The SMEs are adopting business intelligence and data analytics to gain competitive advantage over their rivals. The large enterprise segment is expected to witness the fastest growth from 2018 to 2030 owing to factors such as high adoption of cloud-based services, growing demand for real-time reporting, need for better decision making processes, and increasing pressure on management for improved performance.

The large enterprises accounted for a significant market share in 2017 due to factors such as increased penetration of advanced technologies such as big data analytics that offer enhanced capabilities required by organizations operating across various industry verticals.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to the presence of a large number of small and medium-sized enterprises (SMEs) in North America, which generate huge volumes of data every day that needs analysis. These SMEs are increasingly adopting business intelligence and data analytics platforms for gaining insights into their businesses, which would help them make better decisions regarding their operations and growth strategies.

The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing adoption by large enterprises operating across various sectors such as manufacturing, retail & consumer goods, energy & utilities among others for gaining insights into complex business processes and making intelligent decisions based on this information alone or along with other relevant factors such as past trends or patterns etc., thus leading to improved performance efficiency amongst these organizations thereby driving demand within this region over the next eight years.

Growth Factors:

Increasing demand for big data and analytics services due to the proliferation of data from various sources, including social media, mobile devices, and the Internet of Things (IoT).
The need for organizations to make better decisions faster in order to stay competitive is fueling demand for BI and analytics solutions.
The growing popularity of self-service BI and analytics tools that allow users to query, analyze, and visualize data without help from IT is driving demand for these solutions.
The increasing use of cloud-based BI and analytics solutions is helping organizations reduce costs while improving performance.
The growing trend toward digitization is creating new opportunities for BI and analytics platforms as businesses strive to gain a competitive advantage by harnessing the power of big data


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Scope Of The Report
Report Attributes
Report Details
Report Title
Business Intelligence (BI) and Data Analytics Platform Market Research Report
By Type
On-premises, On-demand
By Application
Small and Medium-sized Enterprises, Large Eenterprises
By Companies
Microsoft, IBM, SAP, Oracle, Tableau Software, SAS Institute, Qlik, MicroStrategy, Information Builders, TIBCO Software, Pentaho, Yellowfin, Sisense, Panorama, Zoho Analytics, Salesforce, ThoughtSpot, Dundas, Teradata Corporation, Informatica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.

Global Business Intelligence (BI) and Data Analytics Platform Market Report Segments:
The global Business Intelligence (BI) and Data Analytics Platform market is segmented on the basis of:
Types
On-premises, On-demand
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium-sized Enterprises, Large Eenterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Microsoft
IBM
SAP
Oracle
Tableau Software
SAS Institute
Qlik
MicroStrategy
Information Builders
TIBCO Software
Pentaho
Yellowfin
Sisense
Panorama
Zoho Analytics
Salesforce
ThoughtSpot
Dundas
Teradata Corporation
Informatica



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Highlights of The Business Intelligence (BI) and Data Analytics Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premises
On-demand
By Application:
Small and Medium-sized Enterprises
Large Eenterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Business Intelligence (BI) and Data Analytics Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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