Market Overview:
The global business intelligence market is expected to grow from USD 16.02 billion in 2018 to USD 31.75 billion by 2030, at a CAGR of 10.5% during the forecast period. The growth of the global business intelligence market can be attributed to the increasing demand for big data and analytics solutions, growing need for real-time insights, and rising focus on data-driven decision-making. However, lack of awareness about big data and analytics solutions among organizations is restraining the growth of this market. Based on type, the global business intelligence market has been segmented into unstructured data, semi-structured data, and structured data. The unstructured data segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its ability to store large volumes of heterogeneous information that cannot be processed using traditional database management systems (DBMSs). Based on application, the global business intelligence market has been segmented into BFSI (banking, financial services & insurance), telecommunications and IT (information technology), retail and consumer goods healthcare and life sciences manufacturing transportationand logistics others ).
Product Definition:
Business intelligence (BI) is a set of techniques and tools used to transform raw data into meaningful and useful information. BI can help businesses increase revenues, improve customer relationships, and reduce costs. The importance of Business Intelligence cannot be overstated. It is essential for companies to have accurate, timely information in order to make sound business decisions.
Unstructured Data:
Unstructured data is data that is not in a structured format. It can be in the form of text, images, videos or any other media type. Unstructured data includes blogs, social media status updates and unstructured web pages which are referred to as “freebase”. Freebase also includes micro-blogging such as Twitter and Facebook which can be analyzed using tools like Hadoop (Pig/Hive).
Semi-structured Data:
Semi-structured data is a combination of structured and unstructured data. It's primary characteristic is that it's not fully defined in advance. Semi-structured data can be used to derive any number of insights using analytics software, as long as the information is properly cleaned and converted before being analyzed by the software.
Application Insights:
The manufacturing sector accounted for the largest revenue share of over 30% in 2017. The growing need for real-time insights to improve operational efficiency, make informed decisions and plan future strategies is driving the adoption of business intelligence tools in this industry. Semi-structured data is gaining popularity as it can provide details about past performance which enables analysis of trends and patterns. This data type has immense potential to transform traditional reporting methods in BFSI businesses.
Telecommunications and IT segment is expected to grow at a lucrative CAGR during the forecast period owing to increasing demand from end users for advanced services such as cloud computing, big data analytics, social media monitoring & tracking along with an increase in investments by telecom companies on network expansion projects particularly across emerging economies including India, China Japan Brazil etc.
Regional Analysis:
The North American regional market dominated the global business intelligence industry in 2016 and accounted for over 35% of the total revenue share. The growth can be attributed to the increasing adoption of cloud computing, high investment in R&D, and technological advancements. Furthermore, a growing number of startups providing advanced analytics solutions is expected to fuel demand over the forecast period.
Asia Pacific is projected to witness significant growth during the forecast period owing to increased government spending on infrastructure development projects and rising investments in retail sector by international players such as Walmart Inc., Carrefour S.A., Tesco PLC., Kroger Co., India Infoline Ltd.; China Telecom Corporation; China Mobile Limited; KT Corporation; Reliance Jio (Reliance Industries Limited); Bharti Airtel Ltd.
Growth Factors:
- Increasing demand for data-driven decision making: The need for timely and accurate insights into business operations is driving the demand for Business Intelligence (BI) solutions. BI helps organizations make better decisions by providing actionable insights from data.
- Rapid growth of big data: The volume of data being generated every day is growing at an unprecedented rate, and businesses are looking for ways to make sense of this big data and extract value from it. BI solutions can help organizations do just that by providing powerful tools to analyze large volumes of data quickly and effectively.
- Increased focus on performance management: Organizations are increasingly focusing on improving their performance through effective performance management practices. BI solutions can play a key role in helping organizations track their performance against goals, identify areas of improvement, and take corrective actions accordingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Intelligence Market Research Report
By Type
Unstructured Data, Semi-structured Data, Structured Data
By Application
BFSI, Telecommunications and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Others
By Companies
IBM, Microsoft, Oracle, SAP, SAS Institute, Actuate, Alteryx, Board International, Brist, Datawatch, GoodData, Infor, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Prognoz, Pyramid Analytics, Qlik, Salient Management Company, Tableau, Targit, Tibco Software, Yellowfin
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Business Intelligence Market Report Segments:
The global Business Intelligence market is segmented on the basis of:
Types
Unstructured Data, Semi-structured Data, Structured Data
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
BFSI, Telecommunications and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Others
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:
- IBM
- Microsoft
- Oracle
- SAP
- SAS Institute
- Actuate
- Alteryx
- Board International
- Brist
- Datawatch
- GoodData
- Infor
- Information Builders
- Logi Analytics
- MicroStrategy
- Panorama Software
- Pentaho
- Prognoz
- Pyramid Analytics
- Qlik
- Salient Management Company
- Tableau
- Targit
- Tibco Software
- Yellowfin
Highlights of The Business Intelligence 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:
- Unstructured Data
- Semi-structured Data
- Structured Data
- By Application:
- BFSI
- Telecommunications and IT
- Retail and Consumer Goods
- Healthcare and Life Sciences
- Manufacturing
- Transportation and Logistics
- Others
- 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 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
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- Product & Brand Management
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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
Frequently Asked Questions?
Business intelligence is a collection of tools and techniques used to analyze data and make decisions. It can be used by businesses to improve their decision-making processes, track performance, and manage resources more effectively.
Some of the major companies in the business intelligence market are IBM, Microsoft, Oracle, SAP, SAS Institute, Actuate, Alteryx, Board International, Brist, Datawatch, GoodData, Infor, Information Builders, Logi Analytics, MicroStrategy, Panorama Software, Pentaho, Prognoz, Pyramid Analytics, Qlik, Salient Management Company, Tableau, Targit, Tibco Software, Yellowfin.
The business intelligence market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Intelligence Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Intelligence Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Intelligence Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Intelligence Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Intelligence Market Size & Forecast, 2020-2028
4.5.1 Business Intelligence Market Size and Y-o-Y Growth
4.5.2 Business Intelligence Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Unstructured Data
5.2.2 Semi-structured Data
5.2.3 Structured Data
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Telecommunications and IT
6.2.3 Retail and Consumer Goods
6.2.4 Healthcare and Life Sciences
6.2.5 Manufacturing
6.2.6 Transportation and Logistics
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Intelligence Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Intelligence Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Unstructured Data
9.6.2 Semi-structured Data
9.6.3 Structured Data
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Telecommunications and IT
9.10.3 Retail and Consumer Goods
9.10.4 Healthcare and Life Sciences
9.10.5 Manufacturing
9.10.6 Transportation and Logistics
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Unstructured Data
10.6.2 Semi-structured Data
10.6.3 Structured Data
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Telecommunications and IT
10.10.3 Retail and Consumer Goods
10.10.4 Healthcare and Life Sciences
10.10.5 Manufacturing
10.10.6 Transportation and Logistics
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Unstructured Data
11.6.2 Semi-structured Data
11.6.3 Structured Data
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Telecommunications and IT
11.10.3 Retail and Consumer Goods
11.10.4 Healthcare and Life Sciences
11.10.5 Manufacturing
11.10.6 Transportation and Logistics
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Unstructured Data
12.6.2 Semi-structured Data
12.6.3 Structured Data
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Telecommunications and IT
12.10.3 Retail and Consumer Goods
12.10.4 Healthcare and Life Sciences
12.10.5 Manufacturing
12.10.6 Transportation and Logistics
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Unstructured Data
13.6.2 Semi-structured Data
13.6.3 Structured Data
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Telecommunications and IT
13.10.3 Retail and Consumer Goods
13.10.4 Healthcare and Life Sciences
13.10.5 Manufacturing
13.10.6 Transportation and Logistics
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Intelligence Market: Competitive Dashboard
14.2 Global Business Intelligence Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Oracle
14.3.4 SAP
14.3.5 SAS Institute
14.3.6 Actuate
14.3.7 Alteryx
14.3.8 Board International
14.3.9 Brist
14.3.10 Datawatch
14.3.11 GoodData
14.3.12 Infor
14.3.13 Information Builders
14.3.14 Logi Analytics
14.3.15 MicroStrategy
14.3.16 Panorama Software
14.3.17 Pentaho
14.3.18 Prognoz
14.3.19 Pyramid Analytics
14.3.20 Qlik
14.3.21 Salient Management Company
14.3.22 Tableau
14.3.23 Targit
14.3.24 Tibco Software
14.3.25 Yellowfin
