Business Intelligence Global Market Outlook:

  • The worldwide business intelligence market was valued at $19.8 billion in 2016. The market is forecast to grow at a CAGR of 8.6 percent between 2015 and 2020, and it is estimated to reach $27.2 billion in 2020
  • Regions such as Europe and North America have high market maturity, and APAC is expected to experience high market growth
  • Key drivers are increasing the need for big data analytics, demand for data-as-a-service and desire for personalized business intelligence tools. However, implementation cost is a major constraint for the market

BREXIT - Impact on Business Intelligence

Impact Area: IT Service Providers and Buyers

  • Talent crunch in areas such as application development and maintenance, which can have an impact 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
  • If they do not abide by these regulations, UK companies may not able to process EU data (especially, from BFSI clients) within UK datacenters, and this could also force UK companies to move EU data to their other European datacenters

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 Business Intelligence - Market Maturity

  • The business intelligence market in key leading countries, such as the US, the UK and Japan, is expanding due to the advent of cloud, mobile and social business intelligence solutions
  • Business intelligence penetration is moderate in LATAM, APAC and MEA

Global Business Intelligence - Industry Trends

  • There is a significant technology shift in BI and analytics platforms, which includes the following:
  • Data analysis also includes free-form text exploration, rather than being restricted to structured ad hoc reporting and analysis, based on a predefined model
  • Actionable insights are being delivered as intuitive dashboards through a seamless sharing and collaboration environment
  • Content authoring is more business user driven

Business intelligence Supplier Analysis

Supply Market Outlook - Supply Trends and Insights

  • Reporting-based business intelligence to self-service BI: BI deployments and usage are shifting from IT-centric, reporting-based models to business user centric, intuitive visualization-based models, with growth in self-service business intelligence tools, such as Tableau Desktop and QlikView. Business users are becoming the new influencers, as they are able to see theBusiness intelligence benefits through easy-to-use analysis and dashboards
  • Industry-specific solutions: The large traditional business intelligence vendors, such as Oracle and SAP, are increasingly looking at industry-specific analytics vendors to provide specialized analytics solutions to provide pre-built industry-specific KPIs and dashboards

Category Intelligence on Business Intelligence

  • Mobile Business Intelligence: With the adoption of BYOD, most vendors provide robust mobile capabilities, facilitating same visualization benefits across devices
  • Bundled analytics: The large enterprise software providers, like Oracle, SAP, IBM and Salesforce, are providing analytics service bundled with their transaction software, offering to provide a flavor of their
  • capabilities to business users

Global Business Intelligence - Drivers and Constraints

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., 270bytes). The exponential growth of data needs mastering analytics for future reference, to derive meaningful insights, which is driving the BI market spending Demand for data-as-a-service
  • Organizations are subscribing to industry-specific data-as-a-service (a set of data bundled with analytic and BI capabilities). Industry experts predict that by 2021, the global big data market will touch $90 billion, whereas BDaaS could reach $28 billion. Cloud BI solutions enable easy integration with any third-party applications, provide security at all levels, are easily scalable and can be accessed remotely from anywhere Desire for personalized BI tools
  • Increase in desire for BI tools, specific to departments or industry by enterprises, is driving the spending

Business Intelligence Market Analysis

Business Intelligence Market Size Outlook

Business Intelligence Market Share Forecast