Market Overview:
The global business intelligence service market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for big data and analytics services, rising adoption of cloud-based BI solutions, and growing need for real-time insights. The data mining and analytics segment is expected to dominate the global BI service market during the forecast period. This can be attributed to the increasing demand for big data services among organizations across all industries. The OLAP segment is also expected to grow at a high rate during the forecast period owing to its ability to provide actionable insights in real time. In terms of applications, SMEs are expected to account for a larger share of the global BI service market during the forecast period.
Product Definition:
A business intelligence service is a software application or online platform that helps businesses collect, organize, and analyze data to improve decision-making. BI services can provide insights into customer behavior, market trends, and financial performance. They can also help identify opportunities and risks. The importance of BI services lies in their ability to help businesses make better decisions by providing them with accurate and timely information.
Data Mining and Analytics:
Data mining is the extraction of useful information from data. It is used to improve decision making in an organization by providing insights on varied datasets. The term “data mining” has different connotations in different industries; for instance, it may mean extracting hidden patterns from large volumes of financial transactions data for use in fraud detection or risk analysis by a bank, or it may refer to the process of discovering new relationships between genes and their expression profiles using gene expression data.
OLAP:
OLAP is a data mining technology that extracts business insights from unstructured data. It helps in analyzing large volumes of information to get meaningful insights. OLAP systems are used for visualizing and exploring relationships among variables using visualization techniques such as maps, charts, trees, etc. These systems can be used for gaining quick and dirty business intelligence or they can be deployed with an advanced analytics solution to provide more detailed analysis.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the fact that most of the companies have started their journey with analytics from SMEs level. For instance, as per a study by Capgemini, nearly 70% of SMEs have implemented some form of business intelligence software in their organizations. Moreover, according to a survey conducted by Intuit Inc., more than half of small businesses considered adopting an enterprise-level solution while only 15% planned on going with self-service solutions. However, large enterprises are expected to witness lucrative growth over the forecast period owing to various factors such as increasing demand for advanced analytics capabilities across numerous industries and verticals including healthcare and financial services among others which is likely drive adoption rate significantly higher than normal market rates during this phase thus driving overall market size further upsurge at higher pace compared to other segments during this time frame.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of small and medium enterprises (SMEs). These SMEs are increasingly adopting business intelligence tools to gain an edge over their competitors. Moreover, these SMEs prefer online analytical processing (OLAP) solutions as they do not require any additional infrastructure cost and can be used on-demand, thus simplifying data analysis process for end users.
The Asia Pacific is expected to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing adoption by medium and large enterprises in countries such as China, India, Japan, South Korea & Australia. The growing penetration of advanced analytics tools among midmarket companies is also driving demand for business intelligence services in this region.
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) services. BI services help 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. This growth of big data is fueling the demand for BI services, as businesses need to find ways to make sense of all this information and extract valuable insights from it.
- Increased focus on analytics: Businesses are realizing the importance of analytics in helping them make better decisions and improve their performance. This has led to a surge in the demand for BI services, which can provide actionable insights through sophisticated analytics techniques.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Intelligence Service Market Research Report
By Type
Data Mining and Analytics, OLAP, Process and Text Mining, CPM, DSS, Others
By Application
SMES, Large Enterprises
By Companies
Rackspace, SAP, Microsoft Corporation, Cisco Systems, IBM Corporation, Tableau Software, ADVIZOR Solutions, Oracle, QlikTech International, MicroStrategy
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Business Intelligence Service Market Report Segments:
The global Business Intelligence Service market is segmented on the basis of:
Types
Data Mining and Analytics, OLAP, Process and Text Mining, CPM, DSS, Others
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
SMES, Large Enterprises
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:
- Rackspace
- SAP
- Microsoft Corporation
- Cisco Systems
- IBM Corporation
- Tableau Software
- ADVIZOR Solutions
- Oracle
- QlikTech International
- MicroStrategy
Highlights of The Business Intelligence Service 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:
- Data Mining and Analytics
- OLAP
- Process and Text Mining
- CPM
- DSS
- Others
- By Application:
- SMES
- Large Enterprises
- 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 Service 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
Frequently Asked Questions?
Business Intelligence Service is a software that helps businesses make better decisions by providing them with data analysis and reporting tools.
Some of the key players operating in the business intelligence service market are Rackspace, SAP, Microsoft Corporation, Cisco Systems, IBM Corporation, Tableau Software, ADVIZOR Solutions, Oracle, QlikTech International, MicroStrategy.
The business intelligence service market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Intelligence Service 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 Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Intelligence Service 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 Service 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 Service Market Size & Forecast, 2018-2028
4.5.1 Business Intelligence Service Market Size and Y-o-Y Growth
4.5.2 Business Intelligence Service Market Absolute $ Opportunity
Chapter 5 Global Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Type
5.2.1 Data Mining and Analytics
5.2.2 OLAP
5.2.3 Process and Text Mining
5.2.4 CPM
5.2.5 DSS
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Applications
6.2.1 SMES
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Intelligence Service 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 Service 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 Business Intelligence Service Analysis and Forecast
9.1 Introduction
9.2 North America Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Type
9.6.1 Data Mining and Analytics
9.6.2 OLAP
9.6.3 Process and Text Mining
9.6.4 CPM
9.6.5 DSS
9.6.6 Others
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 Business Intelligence Service Market Size Forecast by Applications
9.10.1 SMES
9.10.2 Large Enterprises
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 Business Intelligence Service Analysis and Forecast
10.1 Introduction
10.2 Europe Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Type
10.6.1 Data Mining and Analytics
10.6.2 OLAP
10.6.3 Process and Text Mining
10.6.4 CPM
10.6.5 DSS
10.6.6 Others
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 Business Intelligence Service Market Size Forecast by Applications
10.10.1 SMES
10.10.2 Large Enterprises
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 Business Intelligence Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Type
11.6.1 Data Mining and Analytics
11.6.2 OLAP
11.6.3 Process and Text Mining
11.6.4 CPM
11.6.5 DSS
11.6.6 Others
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 Business Intelligence Service Market Size Forecast by Applications
11.10.1 SMES
11.10.2 Large Enterprises
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 Business Intelligence Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Intelligence Service 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 Business Intelligence Service Market Size Forecast by Type
12.6.1 Data Mining and Analytics
12.6.2 OLAP
12.6.3 Process and Text Mining
12.6.4 CPM
12.6.5 DSS
12.6.6 Others
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 Business Intelligence Service Market Size Forecast by Applications
12.10.1 SMES
12.10.2 Large Enterprises
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) Business Intelligence Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Intelligence Service 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) Business Intelligence Service Market Size Forecast by Type
13.6.1 Data Mining and Analytics
13.6.2 OLAP
13.6.3 Process and Text Mining
13.6.4 CPM
13.6.5 DSS
13.6.6 Others
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) Business Intelligence Service Market Size Forecast by Applications
13.10.1 SMES
13.10.2 Large Enterprises
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 Service Market: Competitive Dashboard
14.2 Global Business Intelligence Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rackspace
14.3.2 SAP
14.3.3 Microsoft Corporation
14.3.4 Cisco Systems
14.3.5 IBM Corporation
14.3.6 Tableau Software
14.3.7 ADVIZOR Solutions
14.3.8 Oracle
14.3.9 QlikTech International
14.3.10 MicroStrategy
