Business Intelligence Software Market size was valued at US$ 21.55 Bn. in 2022 and the total revenue is expected to grow at 8.46 % through 2023 to 2029, reaching nearly US$ 38.05 Bn.
Business Intelligence Software Market Overview:
The competitive landscape of the Business Intelligence Software market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Business Intelligence Software market.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Segmentation:
by Technology
Cloud Business Intelligence
Mobile Business Intelligence
Social Business Intelligence
Traditional Business Intelligence
The market for business intelligence software is divided into four submarkets based on technology: traditional business intelligence, cloud business intelligence, mobile business intelligence, and social business intelligence. In 2022, the segment for cloud business intelligence had the biggest market share. The cloud business intelligence category accounted for a sizable share of the market because cloud solutions offer customers condition monitoring, which covers the costs of hardware and software issues.
The global market for business intelligence software is divided into two sub-segments based on the size of the enterprise: large enterprises and small and medium enterprises. With a market share of in 2022, the Large Enterprises category led the global market for business intelligence software. During the forecast period, it is anticipated to grow at a higher CAGR. Both large and small and medium organisations are increasingly using BI software to enhance internal and external business processes. The use of real-time data gathering technologies and potent analytical engines is driving the need for BI software in major enterprises. The development of huge organisations is anticipated to be fueled by the increasing significance of capital allocation and strategic decision-making.
1 Global Business Intelligence Software Market, by Technology (2022-2029)
• Cloud Business Intelligence
• Mobile Business Intelligence
• Social Business Intelligence
• Traditional Business Intelligence
2 Global Business Intelligence Software Market, by Function (2022-2029)
• Executive Management
• Finance
• Information and Deployment
• Sales and Marketing
3 Global Business Intelligence Software Market, by Enterprise Size (2022-2029)
• Large Enterprises
• Small & Medium Enterprises
4 Global Business Intelligence Software Market, by Deployment (2022-2029)
• Hosted
• On-premise
5 Global Business Intelligence Software Market, by Applications (2022-2029)
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Others
Key Players: Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the Business Intelligence Software market-
1. SAP
2.Microsoft
3. SAS
4. Oracle
5. IBM
6. Qlik
7. Tableau Software
8. Information Builders
9. Teradata
10. MicroStrategy
11. Yellowfin International
12. Zoho
13. Jaspersoft
14. Sisense
15. Phocas
16. Domo
17. Sysomos
18. ZAP BI
19. Salesforce
20. datapine
21. Javelin Group
22. Square
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Business Intelligence Software Market: In addition, the paper evaluates the influence of COVID-19 on the Business Intelligence Software market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Business Intelligence Software Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Business Intelligence Software Market in the next years.
Key Questions Answered in the Business Intelligence Software Market Report are:
- What will be the Business Intelligence Software market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Business Intelligence Software industry?
- Who are the key players in the Business Intelligence Software market?
- What important trends in the Business Intelligence Software industry are anticipated to develop throughout the forecast period?
- How big will the Business Intelligence Software market be in 2027?
- In 2020, which business segment had the highest proportion of the Business Intelligence Software market?