The worldwide BI market is forecasted to grow at a CAGR of 7.6 percent, and it is estimated to reach $25 billion by 2020. Regions such as North America and Europe have high market maturity, and APAC is anticipated to experience high market growth. Big data analysis, demand for data-as-a-service, and a desire for personalized and self-service business intelligence industry capabilities are some of the major drivers for the market. The business intelligence market is expanding in countries like the U.S., UK, and Japan, due to the advent of mobile, cloud, and social business intelligence solutions. The penetration of business intelligence is relatively moderate in regions such as the LATAM, APAC, and MEA.
The platform for business intelligence and market research is undergoing a significant technological shift that includes data analysis for free-form text exploration, content authoring, and greater adoption of cloud technologies. The report also discusses the global industry trends in business intelligence, followed by drivers and constraints. It also provides the market outlook of business intelligence in regions such as North America, Europe, MEA, APAC, and LATAM. The report also performs Porter's five forces analysis on supplier and buyer power, barriers to new entrants, the intensity of rivalry, and a threat of substitutes.
Category Intelligence on Business Intelligence covers the following
This section of the report also breaks down the global market facts and figures along with regional market values with market maturity indications. The growth figures of each individual market are also listed.
The regional markets are categorized based on maturity levels along with engagement strategy information. The strategies followed in each market level will differ greatly as can be seen in the full report.
Impact Area: IT Service Providers and Buyers
Impact Area: SaaS Service Providers
In addition to local regulations, UK companies managing EU data need to adhere to more stringent GDPR regulations which are expected to drive compliance costs
Business intelligence is an approach that enables access and analysis of information based on data, to improve and optimize business decisions and performance using a fact-based support system. The major components of business intelligence solutions are as follows:
This part of the report also gives key information about the BI types and market share as well as capabilities and enterprise adoption rates.
Testing and Deployment
It is very important to properly assess the level that each regional market is at to understand the finer aspects of doing business in the market. The business intelligence size, market maturity of the regional markets, their levels of implementation of BI as well as the maturity of the different stakeholders is detailed in the full report. The key suppliers for each region are also listed.
There is a significant technology shift in BI and analytics platforms as observed below:
The business intelligence and analytics market size as well as the growth potential are illustrated region-wise.
An increasing need for Big data analytics
Predictive/Prescriptive Analytics Tools
Natural Language Processing boost to self-service
Data security breaches and issues result in a significant loss for enterprises. Cloud BI tools and integration with third-party applications with a lack of secure framework may increase potential data breach opportunities
High implementation cost
The business intelligence outlook for each of the regional markets is analyzed in detail. The regions are North America, Europe, MEA, APAC and LATAM.
The market information and market maturity details of each region give valuable insights into the regional nuances of BI. It also lists the global suppliers active in each region as well as the local suppliers. The maturity levels of the service providers are illustrated alongside the maturity levels of the buyers. The country-wise variations if any within each region are also described as neighboring countries sometimes have contrasting market maturity levels.
This report analyzes the BI market to give a crisp overview of the supplier vs buyer as well as the challenges that the BI industry faces. The well-rounded analysis of the global as well as regional BI market helps one get an overall grasp of the overview as well as the finer details of the BI market. The analysis is supported by facts and figures that are presented in an attractive and easy-to-understand format.
The supplier business intelligence trends vary based on various perspectives. This section of the report describes the supplier market outlook from the different perspectives including global vs regional and local vs vertical.
The key players in BI and their market share are listed here. The section also highlights key takeaways about the leading players and their offerings.
Global Supplier List and Major Service Capability Mapping And Assessment
The BI product suites of major players are mapped and analyzed in this section. It gives a comparative overview of the products at a glance. It also assesses the service capability of the various players.
The leading global suppliers have been studied and the details of their company, leadership, geographic presence, achievements, certifications, service capabilities, cash flow and other important details have been provided. Further, each supplier has been thoroughly analyzed and presented in a SWOT report.
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