Business Intelligence Market Intelligence

Business Intelligence Market Description

The global market of business intelligence (BI) is expected to reach $22.8 billion by 2020 while growing at a steady CAGR of 7.6 percent. Regions such as North America and Europe have high market maturity, and APAC is anticipated to experience a high market growth. Big data analysis, demand for data-as-a-service, and a desire for personalized and self-service BI capabilities are some of the major drivers for the BI market. The BI industry is expanding in key leading countries such as the U.S., UK, and Japan, due to the advent of mobile, cloud, and social BI solutions. The penetration of BI is relatively moderate in regions such as the LATAM, APAC, and MEA.

The platform for BI and analytics is undergoing a significant technological shift that includes data analysis for free-form text exploration, content authoring, and a greater adoption of cloud technologies. The report also discusses the global BI industry trends, followed by drivers and constraints. It also provides the market outlook of BI 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, an intensity of rivalry, and a threat of substitutes.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

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

Business Intelligence Market Trend, Analysis & Forecast

Category Intelligence on Business Intelligence covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Business Intelligence Executive Summary

1.1 Global Business Intelligence Industry Outlook
1.2 Business Intelligence Supply Market Outlook
1.3 Brexit - Impact on Business Intelligence

2. Business Intelligence Market Analysis

2.1 Market Maturity and Trends
2.2 Drivers and Constraints
2.3 Regional Market Outlook
2.4 Porter’s Five Forces Analysis

3. Business Intelligence Supplier Analysis

3.1 Supply Outlook
3.2 Supply Categorization
3.3 Key Suppliers
3.4 Supplier Profiling

4. Business Intelligence Procurement Best Practices

4.1 Business Intelligence Sourcing Model
4.2 Challenges and Mitigation - Business Intelligence Implementation
4.3 Business Intelligence Pricing Model
4.4 Business Intelligence Pricing Negotiation Levers

5. Business Intelligence Cost Analysis

5.1 Cost Structure - Business Intelligence Spend Categorization
5.2 Cost-saving Opportunities
5.3 KPIs and SLAs Components - Business Intelligence

Business Intelligence Global Market Outlook:

The worldwide BI market was valued at $18.3 billion in 2017. The market is forecasted to grow at a CAGR of 7.6 percent between 2017 and 2020, 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

Category Intelligence on Business Intelligence

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 datacenters serving EU clients. Despite the exit from 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 is expected 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

Global BI - Drivers and Constraints

Drivers

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

Visual Analytics

Advanced visual data discovery tools have assisted enterprises in creating interactive dashboards for 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 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 price increase, which acts as a constraint in this market. Enterprise BI deployment and associated TCO are one of the barriers in adoption of BI technology by enterprises though this is being mitigated by the emergence of cloud deployments

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