Market Overview:
The global cloud BI tools market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based BI tools from small and medium enterprises (SMEs) and large enterprises, and the rising trend of big data and analytics. Cloud-based BI tools are gaining traction due to their low cost, easy deployment, scalability, and flexibility. They offer several benefits such as improved decision making, better operational efficiency, reduced costs, increased agility, and enhanced customer experience.
Product Definition:
Cloud BI tools are software applications that allow users to collect, analyze, and share data from a variety of sources. They typically require a subscription-based model, which allows users to access the tools from any device with an internet connection. Cloud BI tools offer several advantages over traditional on-premise solutions, including scalability, flexibility, and affordability. They also provide users with the ability to work collaboratively on projects and share insights in real time.
Cloud-based:
Cloud-based solutions are gaining popularity in the business intelligence (BI) tools market owing to benefits such as easy access from any location, real-time data and lower maintenance. Cloud BI tools offer various advantages including on-demand infrastructure, elasticity of scale up or scale down resources at a low cost and scalability based on customer requirement.
On-premises:
On-premises is a computer system or an application installed at the customer's site. It can be used to run various applications and services. On-premises software systems are generally developed by the software vendors and sold to end users directly, whereas cloud on-premises solutions are provided by third parties as a service.
Cloud BI tools use internet connectivity for data sharing between organizations; therefore it reduces physical infrastructure costs, storage requirements, bandwidth limitations.
Application Insights:
The large enterprises segment dominated the global cloud-based business intelligence tools market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to factors such as growing demand from end users and rapid expansion of companies. For instance, Oracle Corporation announced in January 2018 that it has added 20 million active customers across its products within six months of launch. This indicates a significant increase in demand for its enterprise solutions among large organizations globally.
Small and medium enterprises (SMEs) are projected to witness considerable growth over the forecast period owing to increasing adoption of cloud-based business intelligence tools by SMEs across various industries globally including banking, financial services and insurance (BFSI), retail and e-commerce, telecom & IT etc., Increasing penetration rates of smartphones coupled with an increasing number of mobile internet users is expected to drive online transactions which will subsequently boost SME adoption rate for reporting purposes as well as other functions such as data analysis & visualization etc.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of vendors in this region. Moreover, increasing investments by governments and enterprises for transforming their legacy systems are expected to drive demand over the forecast period.
The Asia Pacific is projected to witness significant growth over the next eight years owing to increasing adoption by SMEs and ITESs for reporting on-premises or cloud-based analytics tools that provide real-time insights into operational data as well as customer relationship management (CRM) information. Furthermore, growing awareness about big data among small businesses is anticipated to fuel regional demand during the forecast period.
Growth Factors:
- Increased demand for big data and analytics: The growth of cloud-based BI tools is directly linked to the growth of big data and analytics. As organizations strive to make better use of their growing volumes of data, they are turning to BI tools that can help them analyze and make sense of all that information. Cloud-based BI solutions are well suited for this task, as they can easily handle large amounts of data and provide users with real-time insights.
- Growing popularity of self-service analytics: Another key driver behind the growth of cloud-based BI tools is the increasing popularity of self-service analytics. With self-service analytics, business users can access powerful analytical capabilities without having to rely on IT or other experts within the organization. This has led to a growing demand for cloud-based BI solutions that offer easy self-service access for end users.
- Rapid deployment and scalability: One major advantage offered by cloud - based BI solutions is their rapid deployment and scalability features . Organizations can quickly deploy these solutions without having to invest in hardware or software, and they can easily scale up or down as needed depending on changing needs or requirements . This makes cloud - basedBI a very attractive option for businesses that are looking for a fast , scalable solution .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud BI Tools Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
Zoho Analytics, Cluvio, Answerdock, BOARD International, IBM, Sisense, Birst, Domo, Looker, ClicData
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Cloud BI Tools Market Report Segments:
The global Cloud BI Tools market is segmented on the basis of:
Types
Cloud-based, On-premises
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 Enterprises (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:
- Zoho Analytics
- Cluvio
- Answerdock
- BOARD International
- IBM
- Sisense
- Birst
- Domo
- Looker
- ClicData
Highlights of The Cloud 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:
- Cloud-based
- On-premises
- By Application:
- Small and Medium Enterprises (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 Cloud 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
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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?
Cloud BI Tools is a platform that helps users to manage and analyze data in the cloud. It includes tools for data discovery, analysis, and visualization.
Some of the major players in the cloud bi tools market are Zoho Analytics, Cluvio, Answerdock, BOARD International, IBM, Sisense, Birst, Domo, Looker, ClicData.
The cloud bi tools market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud BI Tools 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 Cloud BI Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud BI Tools 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 Cloud BI Tools 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 Cloud BI Tools Market Size & Forecast, 2018-2028
4.5.1 Cloud BI Tools Market Size and Y-o-Y Growth
4.5.2 Cloud BI Tools Market Absolute $ Opportunity
Chapter 5 Global Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud BI Tools 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 Cloud BI Tools 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 Cloud BI Tools Analysis and Forecast
9.1 Introduction
9.2 North America Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 Cloud BI Tools Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (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 Cloud BI Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 Cloud BI Tools Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (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 Cloud BI Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 Cloud BI Tools Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (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 Cloud BI Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud BI Tools 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 Cloud BI Tools Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 Cloud BI Tools Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (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) Cloud BI Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud BI Tools 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) Cloud BI Tools Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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) Cloud BI Tools Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (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 Cloud BI Tools Market: Competitive Dashboard
14.2 Global Cloud BI Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zoho Analytics
14.3.2 Cluvio
14.3.3 Answerdock
14.3.4 BOARD International
14.3.5 IBM
14.3.6 Sisense
14.3.7 Birst
14.3.8 Domo
14.3.9 Looker
14.3.10 ClicData
