Global Business Intelligence (BI) Tools Market by Type (Basic(Under $1000/Month), Standard($1000-5000/Month), Senior($5000+/Month)), By Application (Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)) 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) tools market is expected to grow from USD 9.02 billion in 2018 to USD 21.73 billion by 2030, at a CAGR of 13.5% during the forecast period. The growth of the market can be attributed to the increasing demand for BI tools across organizations, owing to the rising need for timely and accurate decision-making. Furthermore, growing adoption of cloud-based BI solutions and big data analytics is also contributing significantly to the growth of this market. However, lack of awareness about BI tools and their benefits among small enterprises is restraining the growth of this market to some extent. Based on type, the global business intelligence (BI) tools market has been segmented into basic (under 00/month), standard (00-5000/month), and senior (00+/month). The standard segment is expected to account for a major share of the global BI tools market in 2018 due its wide adoption among medium-sized and large enterprises across regions worldwide.



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Product Definition:

Business Intelligence (BI) tools are used to collect, organize, and analyze business data. They can help you make better decisions by providing insights into how your business is performing. BI tools can be used to track customer behavior, measure the effectiveness of marketing campaigns, and assess the financial health of your company.

Basic(Under 00/Month):

Basic(Under 00/ Month) is the cost of license for a software or hardware implementation. It's used to calculate market size and usage percentage in BI tools market. The factor responsible for its adoption in business intelligence tools is its ability to provide actionable insights at low costs which are essential for organizations to make data-driven decisions, thus resulting into improved operational efficiency and profitability.

Standard(00-5000/Month):

Standard is the range which defines the budget of BI tools. It’s used to compare different BI tools and their features in terms of pricing. The higher the standard, the better are features and quality compared to lower standards.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017. The key factors driving the growth of this segment include a large number of users, high data volumes and complex business processes. This application segment is expected to witness significant growth over the forecast period owing to rising adoption of advanced tools such as Microsoft SQL Server Analysis Services and Oracle Enterprise Data Management System among others.

The medium-sized enterprise (MTE) application segment is expected to exhibit considerable growth over the forecast period owing to increasing demand from small businesses for packaged software solutions that offer ease of use and efficient reporting capabilities without requiring any customization or additional training. Furthermore, MTEs are also likely to make substantial investments in order to obtain a competitive edge by gaining insights from their data through advanced analytics enabled Business Intelligence Tools (BI tools).

Regional Analysis:

North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players such as IBM, Microsoft Corporation, Oracle Corporation and Google Inc. In addition, increasing adoption of cloud-based solutions is also expected to drive regional growth over the forecast period.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for internet-enabled services in emerging economies such as India and China. Furthermore, growing awareness regarding benefits offered by these tools is further expected fuel regional demand during the forecast period.

Europe was valued at USD X million in 2017 and it accounted for a considerable share owing to high penetration rates of advanced business intelligence tools among medium-sized enterprises across countries like Germany and U.K.

Growth Factors:

Increasing demand for data-driven decision making: The BI tools market is expected to grow as organizations increasingly adopt BI tools to make data-driven decisions. The need for timely and accurate information has led to the growth of the BI market.
Proliferation of big data: With the proliferation of big data, there is an increased demand for BI tools that can help organizations analyze and make sense of this large volume of data.
Increased focus on performance management: Organizations are focusing on improving their performance by using BI tools to track key performance indicators (KPIs). This helps them identify areas where they need to improve and take corrective action accordingly.
Growing popularity of self-service analytics: There is a growing trend among organizations towards self-service analytics, which is fueled by the increasing availability of affordable and user-friendly BI tools. This allows business users without any technical expertise to perform complex analysis themselves without relying on IT staff or consultants.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Business Intelligence (BI) Tools Market Research Report
By Type
Basic(Under $1000/Month), Standard($1000-5000/Month), Senior($5000+/Month)
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
Board, Manta, Adjust, ManageEngine, Bitrix, Birch Grove Software, Competitors App, Cluvio, SysAid Technologies, AnswerDock, Tableau, Ultimate Software, Microsoft, Magento, Deltek, Sisense, Zoho, Adaptive Insights, Klipfolio, Databox, Domo Technologies, SAP, Qlik
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.

Global Business Intelligence (BI) Tools Market Report Segments:
The global Business Intelligence (BI) Tools market is segmented on the basis of:
Types
Basic(Under $1000/Month), Standard($1000-5000/Month), Senior($5000+/Month)
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
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
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:
Board
Manta
Adjust
ManageEngine
Bitrix
Birch Grove Software
Competitors App
Cluvio
SysAid Technologies
AnswerDock
Tableau
Ultimate Software
Microsoft
Magento
Deltek
Sisense
Zoho
Adaptive Insights
Klipfolio
Databox
Domo Technologies
SAP
Qlik



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Highlights of The Business Intelligence (BI) Tools 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:
Basic(Under $1000/Month)
Standard($1000-5000/Month)
Senior($5000+/Month)
By Application:
Large Enterprises(1000+ Users)
Medium-Sized Enterprise(499-1000 Users)
Small Enterprises(1-499 Users)
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) Tools 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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