KEY FINDINGS
The global business intelligence market is forecasted to register a CAGR of 10.23% across the estimated period of 2021 to 2028. The market growth is predominantly attributed to key factors, including the impact of globalization on businesses, the increasing need for real-time information and decision making, and the growing customer-centric business approach.
MARKET INSIGHTS
Business intelligence (BI) leverages services and software to transform data into actionable insights, thereby facilitating organizations’ tactical and strategic business decisions. BI tools examine and assess data sets, presenting analytical findings in dashboards, reports, graphs, summaries, charts, and maps. As a result, the solution provides users with detailed and in-depth intelligence associated with the business’ state. Business intelligence also refers to a diverse range of tools delivering easy-to-digest and quick access to insights about the current state of the organization on the basis of available data.
Since business conditions change frequently, old and outdated information cannot be relied upon. Hence, real-time data is necessary in order to make critical business decisions. For instance, real-time information is provided through data dashboards for better visualization of data. A data dashboard is characterized as an information management tool that can visually track, analyze, and display key performance indicators (KPI), as well as crucial data points to monitor the health of a department, business, or specific processes.
REGIONAL INSIGHTS
The global business intelligence market growth is assessed through the analysis of Europe, North America, the Asia-Pacific, and the Rest of World. North America dominated the global market in 2020. The region’s market growth is supplemented by drivers such as the rising demand for business intelligence platforms, the high adoption of cloud strategy, and the presence of well-established players.
COMPETITIVE INSIGHTS
Since the global market observes intense competition among existing players, leading companies attempt to enhance and improve their current product portfolio through substantial investments. Therefore, the market position among competitors is strengthened. Although more prominent companies continue to acquire and merge SMEs, their diversified product portfolios do not work well in the market. Hence, industrial rivalry is expected to remain high.
Some of the major companies operating in the market are Oracle Corporation, Cisco Systems Inc, Microsoft Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. THE IMPACT OF GLOBALIZATION ON BUSINESSES
3.1.2. RISING NEED FOR REAL-TIME INFORMATION AND DECISION MAKING
3.1.3. INCREASED CUSTOMER CENTRIC-BUSINESSES APPROACH
3.2. KEY RESTRAINTS
3.2.1. LACK OF SKILLED PROFESSIONAL WORKFORCE
3.2.2. HIGH INVESTMENT COSTS
3.2.3. EASY AVAILABILITY OF OPEN SOURCE BI SOFTWARE
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON BUSINESS INTELLIGENCE MARKET
4.2. KEY INVESTMENT INSIGHTS
4.3. PORTER’S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.6.1. SCALABILITY
4.6.2. ANALYTIC TOOLS
4.6.3. DATA MANAGEMENT
5. MARKET BY APPLICATION
5.1. FRAUD DETECTION AND SECURITY MANAGEMENT
5.2. PREDICTIVE ASSET MAINTENANCE
5.3. SALES AND MARKETING MANAGEMENT
5.4. SUPPLY CHAIN OPTIMIZATION
5.5. NETWORK MANAGEMENT AND OPTIMIZATION
5.6. OPERATIONS MANAGEMENT
5.7. WORKFORCE MANAGEMENT
5.8. OTHER APPLICATIONS
6. MARKET BY COMPONENT
6.1. SOFTWARE
6.2. PLATFORM
6.3. SERVICES
7. MARKET BY ORGANIZATION SIZE
7.1. LARGE ENTERPRISE
7.2. SMALL AND MEDIUM ENTERPRISE
8. MARKET BY DEPLOYMENT
8.1. ON-PREMISES
8.2. CLOUD OR ON DEMAND
9. MARKET BY END-USER
9.1. BFSI
9.2. IT & TELECOM
9.3. HEALTHCARE
9.4. RETAIL
9.5. GOVERNMENT
9.6. MANUFACTURING
9.7. MEDIA & ENTERTAINMENT
9.8. TRANSPORTATION & LOGISTICS
9.9. ENERGY & POWER
9.10. OTHER END-USERS
10. GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. KEY GROWTH ENABLERS
10.1.2. KEY CHALLENGES
10.1.3. KEY PLAYERS
10.1.4. COUNTRY ANALYSIS
10.1.4.1. UNITED STATES
10.1.4.2. CANADA
10.2. EUROPE
10.2.1. KEY GROWTH ENABLERS
10.2.2. KEY CHALLENGES
10.2.3. KEY PLAYERS
10.2.4. COUNTRY ANALYSIS
10.2.4.1. UNITED KINGDOM
10.2.4.2. GERMANY
10.2.4.3. FRANCE
10.2.4.4. ITALY
10.2.4.5. RUSSIA
10.2.4.6. BELGIUM
10.2.4.7. POLAND
10.2.4.8. REST OF EUROPE
10.3. ASIA-PACIFIC
10.3.1. KEY GROWTH ENABLERS
10.3.2. KEY CHALLENGES
10.3.3. KEY PLAYERS
10.3.4. COUNTRY ANALYSIS
10.3.4.1. CHINA
10.3.4.2. JAPAN
10.3.4.3. INDIA
10.3.4.4. SOUTH KOREA
10.3.4.5. INDONESIA
10.3.4.6. THAILAND
10.3.4.7. VIETNAM
10.3.4.8. AUSTRALIA & NEW ZEALAND
10.3.4.9. REST OF ASIA-PACIFIC
10.4. REST OF WORLD
10.4.1. KEY GROWTH ENABLERS
10.4.2. KEY CHALLENGES
10.4.3. KEY PLAYERS
10.4.4. COUNTRY ANALYSIS
10.4.4.1. LATIN AMERICA
10.4.4.2. MIDDLE EAST AND AFRICA
11. COMPETITIVE LANDSCAPE
11.1. KEY STRATEGIC DEVELOPMENTS
11.1.1. MERGERS & ACQUISITIONS
11.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
11.1.3. PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
11.1.4. BUSINESS EXPANSIONS
11.2. COMPANY PROFILES
11.2.1. CISCO SYSTEMS INC
11.2.2. DOMO INC
11.2.3. GOODDATA CORPORATION
11.2.4. INFORMATICA
11.2.5. INTERNATIONAL BUSINESS MACHINES CORPORATION
11.2.6. MICROSOFT CORPORATION
11.2.7. MICROSTRATEGY INCORPORATED
11.2.8. ORACLE CORPORATION
11.2.9. SAP SE
11.2.10. SAS INSTITUTE INC
11.2.11. TABLEAU SOFTWARE INC
11.2.12. TARGIT A/S
11.2.13. TERADATA CORPORATION
11.2.14. TIBCO SOFTWARE INC
11.2.15. VMWARE INC
1. CISCO SYSTEMS INC
2. DOMO INC
3. GOODDATA CORPORATION
4. INFORMATICA
5. INTERNATIONAL BUSINESS MACHINES CORPORATION
6. MICROSOFT CORPORATION
7. MICROSTRATEGY INCORPORATED
8. ORACLE CORPORATION
9. SAP SE
10. SAS INSTITUTE INC
11. TABLEAU SOFTWARE INC
12. TARGIT A/S
13. TERADATA CORPORATION
14. TIBCO SOFTWARE INC
15. VMWARE INC
