TMRR’s latest report on global Business Intelligence market
The recent market intelligence study by Tailor Made Reports elaborates the all in all perspective of the worldwide Business Intelligence market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.
Analysts at TMRR find that the global Business Intelligence market reached a value of ~US$ xx Mn/Bn in 2018 and is anticipated to grow at CAGR of xx% during the forecast period 2019-2029. The growth is primarily driven by increasing demand for Business Intelligence among the consumers, better disposable income, and enhanced GDP in developing countries.
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The report by TMR Research, segments the global business intelligence market based on different parameters. For example, depending upon the technology deployed, it divides the market into cloud based business intelligence, mobile based business intelligence, conventional business intelligence, and social media based business intelligence. The report also segments the market based on functions and deployment, end users, and geography.
Global Business Intelligence Market: Growth Drivers and Restraints
A humungous pool of available data and the growing awareness about its potential in generating insights about customers’ behavior and buying patterns is the foremost stimulant of the global market for business intelligence. Another factor boosting its uptake is the clamor for high standards in corporate governance. Additionally, the swift pace of change in the business environment resulting in demand for high performance management and expansions in Enterprise Resource Planning (ERP) is also contributing to the growth of business intelligence market. Popularity of cloud-based services, especially among small and medium sized enterprises is majorly filliping the market as well.
Countering the growth in the market is the steep capital investments and the complexity associated with cross organizational capabilities.
Global Business Intelligence Market: Trends and Opportunities
Due to the robust demand for business intelligence based on mobile and social media, there are opportunities aplenty for aspiring players to foray into the market with innovative analytics solutions. Geography-wise, the Asia-Pacific market, powered by China, is poised for robust growth in the near future due to the availability of skilled professionals at a relatively cheaper cost in the region. A sizeable proportion of the market share in Asia Pacific region is held by four global behemoths, namely Microsoft Corp., IBM Corp., Oracle Corp., and SAP. Australia too is predicted to account for a substantial share in the global market for business intelligence software.
Global Business Intelligence Market: Executive Summary
The report furnishes an executive-level blueprint of the vendor landscape in the market. To that end, it also profiles the leading companies operating therein. Some such companies are Microsoft Corporation, Information Builders, Infor Global Solutions Inc., SAS Institute Inc., Adaptive Planning, Panorama Corp., Actuate Corporation, Cloud9 Analytics, Birst, IBM Corp., Google Inc., Indicee Inc., Informatica, Jaspersoft, Tableau Software, Microstrategy, Oracle Corp., Tibco Software, and SAP.
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After reading the Business Intelligence market report, readers can:
- Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Business Intelligence market.
- Grasp the market outlook in terms of value and volume.
- Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Business Intelligence market.
- Learn about the manufacturing techniques of Business Intelligence in brief.
- Figure out the positive and negative factors impacting the product sales.
What kind of questions the Business Intelligence market report answers?
- Why is region witnessing the slowest demand growth for Business Intelligence ?
- What kind of agreements are the players entering into in the global Business Intelligence market?
- Which sub-segment will lead the global Business Intelligence market by 2029 by product?
- Which Business Intelligence market players hold significant shares in terms of value and volume?
- What alternatives are consumers looking for in the global Business Intelligence market?
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