Business Intelligence Market Intelligence

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A comprehensive Business Intelligence Market Report that answers these questions

A comprehensive Business Intelligence Market Report that answers these questions

  • What are the key trends in Business Intelligence category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Business Intelligence industry?
  • How is Business Intelligence industry performing?

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Report Coverage

  • Market Trends
  • Technology & Innovation Trends
  • Global Supplier List and Capabilities
  • Mergers and Acquisitions

Market Size

CAGR

7.6 Percent

Market Size North America

$9 Bn

Market Size Europe

$6.28 Bn

Market Size Asia Pacific

$4.4 Bn

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.

 

Table of Contents

  1. Business Intelligence Executive Summary
  2. Global Business Intelligence Industry Outlook
  3. Business Intelligence Supply Market Outlook
  4. Brexit - Impact on Business Intelligence
  1. Business Intelligence Market Analysis
  2. Market Maturity and Trends
  3. Drivers and Constraints
  4. Regional Market Outlook
  5. Porter's Five Forces Analysis
  1. Business Intelligence Supplier Analysis
  2. Supply Outlook
  3. Supply Categorization
  4. Key Suppliers Supplier
  5. Profiling
  1. Business Intelligence Procurement Best Practices
  2. Business Intelligence Sourcing Model
  3. Challenges and Mitigation - Business Intelligence Implementation
  4. Business Intelligence Pricing Model
  5. Business Intelligence Pricing Negotiation Levers
  1. Business Intelligence Cost Analysis
  2. Cost Structure - Business Intelligence Spend Categorization
  3. Cost - saving Opportunities
  4. KPIs and SLAs Components - Business Intelligence

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Business Intelligence Global Market Outlook:

  • The worldwide BI market is forecasted to grow at a CAGR of 7.6 percent and it is estimated to reach $22.8 billion by 2020
  • Regions, such as Europe and North America, have high market maturity, while APAC is expected to experience high market growth
  • Key drivers for BI include big data analytics, demand for data-as-a-service, and desire for personalized and self-service BI capabilities. However, implementation cost is a major constraint for the market, but the emergence of cloud deployments is expected to mitigate this

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.

Category Intelligence on Business Intelligence

Supply Market Outlook

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. 

BREXIT - Impact on Business Intelligence

Impact Area: IT Service Providers and Buyers

  • Talent crunch in specific skills for application development and maintenance, can have an impact on external consultants' billing rates
  • The UK technology startups have a significant workforce from EU member states. The UK does not have sufficient math and science graduates to fill positions in application development and engineering

Impact Area: SaaS Service Providers

  • The UK remains one of the key destinations for data centers serving EU clients. Despite the exit from the EU, UK companies have to abide by EU General Data Protection Regulations(GDPR) which is set to become law in May 2018
  • 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 Market Analysis Overview

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:

  • Data mining
  • Statistical analysis and visualization
  • Data warehouse/Data Mart
  • Data sources

This part of the report also gives key information about the BI types and market share as well as capabilities and enterprise adoption rates.

BI Implementation


Requirement Analysis

 

  • Requirement analysis from all stakeholders, including business and system users
  • Source and system analysis


Infrastructure Evaluation

  • Evaluates technology architecture, such as data architecture, SLAs, workload modeling
  • ETL architecture and database design

Design

  • BI/OLAP report design
  • Metadata solution design
  • ETL and data quality management
  • Logical and physical database design

Development

  • Backup & recovery, failover, and maintenance scripts
  • Develop report, delivery mechanism, user interfaces

Testing and Deployment

  • Create a test environment and conduct integration/system/UAT testing
  • Training and beta testing and final & complete deployment

Global BI - Market Maturity

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. 

Global BI - Industry Trends

  • Mobile BI, data visualization and advanced analytics are top drivers of BI market
  • More than 50 percent of large enterprises will have access to self-service BI tools for real-time data and better analysis

There is a significant technology shift in BI and analytics platforms as observed below:

  • Data analysis has extended to free-form text exploration, rather than being restricted to structured ad hoc reporting and analysis, based on a predefined model
  • Content authoring is more business-user driven 
  • The emergence of cloud has led to greater adoption led by the line of business managers as opposed to IT
  • Dashboards, data visualization, analytics databases/platforms, and BI/OLAP tools are the major functionalities in a BI solution, with maximum utilization in an enterprise.      Actionable insights are being delivered as intuitive dashboards through a seamless sharing and collaboration environment
  • Self-service BI capabilities driven by global search and guided navigation have facilitated faster turnaround times for line of business managers
  • IoT and BYOD have increased the data volume exponentially and are emerging trends in BI solution
  • It is expected that by 2020, there will be 45 billion connected devices and a 42-percent increase in data volume every year, which poses a huge business opportunity for the BI market

The business intelligence and analytics market size as well as the growth potential are illustrated region-wise. 

Global BI - Drivers and Constraints

Drivers

An increasing need for Big data analytics

  • Every day, the volume of big data creation amounts to 2.4 Quintillion bytes. By 2020, the amount of data generated is expected to reach 40 ZB (Zettabyte, i.e., 270 bytes). The exponential growth of data (volume, veracity, velocity) and needs mastering analytics to derive meaningful insights

Predictive/Prescriptive Analytics Tools

  • BI analysis has been enhanced through the use of predictive and prescriptive analytics tools. Forecasting, graph analysis, and complex event processing techniques are used to improve the decision-making process

Data Storytelling

  • Enterprises have adopted data storytelling capabilities to improve data interpretation and business decision making from key data insights
  • Automated Data Science
  • BI technologies are leveraging automated data science technologies to assist enterprises with improved data categorization, segregation, sorting, analysis and reporting

Visual Analytics

  • Advanced visual data discovery tools have assisted enterprises in creating interactive dashboards for the high volume of critical data

Natural Language Processing boost to self-service

  • NLP based search extended to text and voice analytics is starting to gain prominence facilitating topline managers to quickly input analytical queries

Constraints

Digital Ethics

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

Data Governance

  • With the emergence of cloud, there would be increasing cases of fragmented analytics deployments (smaller scale) driven by LOB managers as opposed to centralized IT. This can create challenges in maintaining data governance. Hence suppliers also need to focus on enhancing data audit features

High implementation cost

  • Rising demand, complex programming, data integration, and growing implementation costs result in a price increase, which acts as a constraint in this market. Enterprise BI deployment and associated TCO are one of the barriers in the adoption of BI technology by enterprises though this is being mitigated by the emergence of cloud deployments

Regional Market Outlook

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.   

Overall Analysis

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. 

Supplier Analysis - Supplier Market Outlook

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. 

Global BI Market Share

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.

Key Global Supplier Profile

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.  

Business Intelligence Market Frequently Asked Questions

  1. What are the top business intelligence market trends you must be aware of?  
  2. As per Beroe’s analysis report, the top most trends in business intelligence include the following:-- Mobile, BI, Data visualization, and advanced analytics are the top drivers of the BI market
    -- Content authoring is now more business-user driven
    -- The emergence of cloud has led to greater adoption led by the line of business managers as opposed to IT
    -- IoT and BYOD are other business intelligence industry trends which have increased the data volume
    -- It’s expected that there will be nearly 45 billion connected devices and a 42 percent increase in data volume each year posing a high business opportunity for the BI market
    -- All major insights can be observed on intuitive dashboards accessible in a shared and collaborative environment

         

 

  1. What is the market size of the BI Industry?
  2. As per the report, the global business intelligence and analytics market size is expected to reach $22.8 billion while growing at a steady CAGR of 7.6 percent. North America and Europe are the high market maturity regions, while the APAC region is expected to experience high market growth. The BI market is expanding in countries like the U.S., UK, and Japan due to the advancement of mobile, cloud, and social BI solutions, while in regions like Latin America, APAC, and MEA, the BI market is still flourishing at a steady pace.

      

  1. What are the key drivers of the Business Intelligence market?
  2. According to Beroe's business intelligence market analysis report, the key drivers of the BI market are – big data analytics, demand for data-as-a-service, and desire for personalized and self-service BI capabilities. Though implementation cost limits the market growth, it’s considerably mitigated by the emergence of cloud deployments.                 

 

  1. What factors are driving the business intelligence market research platform?
  2. The platform for business intelligence and market research is undergoing a significant technological shift due to easy access and analysis of information based on data, content authoring, and greater adoption of cloud technologies. 

 

  1. What are the major components of business intelligence solutions?
  2. The right implementation of BI allows quick access and analysis of information based on data. It also improves and optimizes key business decisions and performance based on facts. -- Content authoring is now more business-user driven
    That being said, the major components of business intelligence solutions include:
    -- Data Mining
    -- Statistical Analysis and Visualization
    -- Data Warehouse/Data Mart
    -- Data Sources

 

  1. What are the different steps that are utilized for implementing business intelligence?
  2. To successfully implement marketing and business intelligence, the primary steps to be implemented  involve:
    -- Requirement analysis – It involves sourcing information from all stakeholders, end-users, and systems
    -- Infrastructure Evaluation – It involves evaluating the data architecture, SLAs, Extract-Transform-and Load (ETL) --architecture, and also perform database designing
    -- Designing – This step includes designing BI/OLAP reports, metadata solutions, logical and physical database design mockups while managing the data quality
    -- Development – It includes the development of delivery mechanisms, UI, backup, recovery, and maintenance scripts parallely
    -- Testing & Deployment – The last step wherein a test environment is created to conduct integration & UAT testing and complete final deployment.
  1. What drives the business intelligence market & what are its primary constraints?
  2. As per business intelligence outlook report shared by Beroe, the complete BI industry is driven by:
    --Increased need for big data analytics
    --Leveraging predictive analysis tools
    --Adoption of storytelling concept to improve data interpretation & influence key business decisions
    --Creation of interactive dashboards to manage bulk visual data
    --Extension of NLP based search to facilitate quick input analytical queries.
    --Extension of NLP based search to facilitate quick input analytical queries.
    Despite the multiple driving factors, the business intelligence news also indicates that BI market growth is deterred by the following three constraints:
    --Data security breach and compliance issues.
    --Maintenance and governing of data can be a big challenge (especially when everything is cloud-driven) requiring enhancement of audit features.
    --The increase of demand with complex programming and other factors involved can lead to a price increase; a major constraint in the BI market.

 

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