Business Intelligence (BI) & Analytics Software Market Size is USD 33770 Million by 2026 at CAGR 5.9% - Valuates Reports
BANGALORE, India, Feb. 4, 2021 /PRNewswire/ -- BI and Analytics Software Market is Segmented by Type (Content Analytics, Professional Services, Managed Services), by Application (Healthcare, BFSI, Media and Entertainment, Energy and Power), by Regions & Key players Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021–2026. This report is published on Valuates Reports in the BI Software Category.
The global Business Intelligence and Analytics Software market size is projected to reach USD 33770 Million by 2026, from USD 23940 Million in 2020, at a CAGR of 5.9% during 2021-2026.
Major factors driving the growth of Intelligence and Analytics Software market size are: growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation.
In large corporations, the use of business intelligence and analytics software is significant; however, small and medium-sized organizations are also looking for investments in this software due to the benefits associated with it. The popularity of cloud deployment options has also given SMBs enormous advantages and greatly increased their adoption rate.
The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2021-2026. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by players for the period 2021-2026.
Request a Sample Copy of the Report For COVID-19 Impact Analysis on Business Intelligence and Analytics Software Market: https://reports.valuates.com/request/sample/QYRE-Othe-1H422/Business_Intelligence_and_Analytics_Software_Market
COVID-19 IMPACT ON BI AND ANALYTICS SOFTWARE MARKET SIZE
The need for all businesses to put their data to work to speed up the decision-making process has been expedited by COVID-19. A systematic practice in business intelligence can allow companies to identify proper metrics to better survive the crisis.
Business intelligence helps enterprises to take a closer look at how they operate by taking note of where they do well and where they can change. Business intelligence is aimed at leveraging knowledge to make decisions that maximize and optimize sales.
TRENDS INFLUENCING THE BI AND ANALYTICS SOFTWARE MARKET SIZE
Rising demands for dashboards for data visualization to enhance the ability in making business decisions is expected to drive the growth of business intelligence and analytics software market size. Data visualization tools are implemented by organizations across verticals to easily interpret data and extract actionable business insights. Cloud data visualization tools allow organizations to provide a cost-effective and scalable way of analyzing data. The ability to visualize data helps businesses identify market drivers and Key Performance Indicators (KPIs) through BI solutions. It helps to remove redundant data in order to uncover patterns, observations, trends, and methods of use that help leverage its growth in the market.
The business intelligence and analytics software market size are increasingly driven by the widespread use of e-commerce and an increase in SMEs' adoption of data-oriented business models. The BI strategy encourages businesses to make strategic decisions in such a way that it brings about a meaningful change that results in high-quality customer service.
View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Othe-1H422/business-intelligence-and-analytics-software
BI AND ANALYTICS SOFTWARE MARKET SHARE ANALYSIS
Based on region, North America is expected to hold the largest business intelligence and analytics market share. This dominance of North America is attributed to the technical advancement in business management analytics for their sales, production, and innovation. The majority of major players active in business intelligence development are based in North America which too invariably contributes to the market growth.
The Asia Pacific is expected to witness the highest growth during the forecast period, to the rise in demand in emerging economies such as China and India. Some of the key highlights of the Asia Pacific regional market's development are the significant adoption of BI software and resources, outsourcing activities for cloud deployment, and demand for customer insights.
The cloud business intelligence segment held the largest market during the forecast period due to the rising demand from the SME sector. Cloud business intelligence software is easy to deploy and enables companies to focus on their core business. The software enables users to access data from a network-attached smartphone, tablet, laptop, desktop, and other devices.
Based on end-use, the BFSI segment is expected to dominate the business intelligence and analytics market share. This is due to the increased deployment of BI software to enable constant access to the client database, secure transactions, and enhanced client experience.
Inquire for Regional Data: https://reports.valuates.com/request/regional/QYRE-Othe-1H422/Business_Intelligence_and_Analytics_Software_Market
BI AND ANALYTICS SOFTWARE MARKET SEGMENTS
Business Intelligence and Analytics Software Breakdown Data by Type
- Content Analytics
- Professional Services
- Managed Services
- Others
Business Intelligence and Analytics Software Breakdown Data by Application
- Healthcare
- BFSI
- Media and entertainment
- Energy and Power
- Others
Based on regional and country-level analysis, the Business Intelligence and Analytics Software market has been segmented as follows:
North America
- United States
- Canada
Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
The following players are covered in this report:
- TIBCO Software
- MicroStrategy
- Tableau Software
- OpenText
- IBM
- Oracle
- Microsoft
- SAP
- SAS
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1H422&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1H422&lic=enterprise-license
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
- The Business Intelligence and Analytics Market is Segmented by Type Cloud, On-Premises, by Application Small and Medium Enterprises, Large Enterprises and by various regions.
- Business Intelligence Management Software Market is Segmented by Type Development of business smart software, Cloud-hosted business smart software, by Application Small Business, Medium-sized Business, Large Business and by various regions.
- Content Analytics Software Market is Segmented by Type Cloud Based, Web Based, by Application Large Enterprises, SMEs and by various regions.
- Business Intelligence Platforms Software Market
- Corporate Performance Management (CPM) Software Market
- Predictive Analytics Software Market
- Advanced Analytics Service Software Market
- Restaurant Business Intelligence & Analytics Software Market
- Business Intelligence Software with Location Analytics Market is Segmented by Type Software, Services, by Application BFSI, Healthcare and Life Sciences, Government and Utilities, Telecommunications and IT, Transportation and Logistics and by various regions.
Click Here To See Related Reports On Business Intelligence and Analytics Software Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
Logo : https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article