• Business Intelligence Market Intelligence | Analysis, Trends, Forecast, Outlook

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

icon
Executive Summary

icon
Market Analysis

icon
Supply Analysis

icon
Cost & Pricing Analysis

icon
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 Business Intelligence Market Maturity and Trends
2.2 Drivers and Constraints
2.3 Regional Market Outlook
2.4 Porter’s Five Forces Analysis05 Cost Analysis Slides 50–55
2.5 Cost Structure - Business Intelligence Spend Categorization
2.6 Cost-saving Opportunities
2.7 KPIs and SLAs Components - Business Intelligence

3. Business Intelligence Supplier Analysis

3.1 Business Intelligence Supply Outlook
3.2 Business Intelligence Supply Categorization
3.3 Business Intelligence Key Suppliers
3.4 Business Intelligence 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

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