Top 5 Business intelligence suppliers based on Revenue

NAICS Code: 511210 : Software Publishers

UNSPSC Code: 43232314: Business intelligence and data analysis software

Business Intelligence Suppliers market overview

Business Intelligence solutions and services providers are witnessing a slowdown in their growth owing to the lockdowns imposed worldwide. Healthcare and life sciences and BFSI verticals have been least impacted by the COVID-19 and are continuing the adoption of Business Intelligence solutions. The competition among key Business Intelligence solutions providers is expected to intensify as most upcoming projects have been put on hold owing to the pandemic. Businesses have already started making efforts to return to the normal and are facing multiple challenges at customer and operational levels. Meeting customer expectations in terms of optimization of processes, as well as an increase in security concerns for connected networks, rise in connectivity issues, and decline in industrial and manufacturing operations, are some of the key challenges faced by businesses. 

To know more about market trends, Click Here.

Top Business Intelligence Suppliers

Qlik

Qlik [pronounced "klik"] provides a business analytics platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. The company's main products are Qlik Replicate and Qlik Sense, both software for business intelligence and data integration.

Key Strengths

• Patented associative search facility powered by in-memory processing technology to pull out interactive dashboards on demand

• Qlik Sense enjoys a high degree of satisfaction among business users for its mobile functionality

Tableau (A Salesforce Company)

Tableau Software is an American interactive data visualization software company focused on business intelligence. It was founded in 2003 in Mountain View, California, and is currently headquartered in Seattle, Washington. In 2019 the company was acquired by Salesforce for $15.7 billion.

Key Strengths

• Very intuitive visualisation features, such as ‘bubble maps’, ‘tree maps’, and ‘word clouds’ aiding in the self-service discovery

• Integration with R to perform powerful analytic techniques

Microsoft

Microsoft Corporation is an American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washington, United States. Microsoft acquired a gaming software provider, Activision Blizzard, for $68.7 billion, its largest acquisition until today. Microsoft is introducing a new analytics feature to power BI solutions on a continuous basis. 

Key Strengths

• Integration with Microsoft Office and Excel, like navigation, facilitates convenient collaboration among business users

• Acquisition of Revolution Analytics has provided an environment to leverage open source R analytics

Oracle

Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. Oracle enjoys a good reputation for providing scalable software led by the market leading Oracle Database, and its Data-as-a-service is also powered by in-memory technology.

Key Strengths

• Oracle is rated as one of the best vendors, in terms of BC and disaster recovery

• Acquisition of Endeca from Latitude Inc. is helping to exploit unstructured data analytics, which is still largely untapped

SAP

SAP SE is a German multinational software company based in Walldorf, Baden-Württemberg. It develops enterprise software to manage business operations and customer relations. SAP Business Objects has been and continues to be the preferred choice as far as scalability is concerned. Strong integration capabilities with varied data sources, such as OLAP, XML, SharePoint, Java, and .NET.

Key Strengths

• SAP enterprise solutions were designed initially for the manufacturing setup and continue to be strong in this space

• SAP HANA database and in-memory processing are said to boost performance for complex analysis