Business Intelligence and analytics is a term comprised of two major segments which includes business intelligence and analytics. Business Intelligence (BI) is defined as a set of procedures and technologies that turn raw data strategically into significant insights for business organizations. Business analytics is a part of business intelligence focuses on developing new insights and understanding of business performance based on data and statistical methods. Business analytics formulates widespread use of data, statistical and quantitative analysis, and explanatory and predictive modeling to assist make actionable decisions and to improve business operations.
Global Business Intelligence and Analytics Market is accounted for approximately XX USD million in 2018 and is expected to reach XX USD million by 2026 growing at a CAGR of XX% between 2019 and 2026. Increased demand to analyze unstructured data for understanding customers demand, and increasing adoption of cloud computing technology across various end-use verticals is expected to drive the growth of business intelligence and analytics market. The market is further driven by growing digitalization and emerging mobile business intelligence and analytics. In addition to this, Growing trend of big data paired with augmented Artificial Intelligence and Machine Learning is expected to create the growth opportunities during the forecast period. However, high initial investment and lack of skilled professionals may hamper the market growth.
Based on type, the Business Intelligence and Analytics market has been segmented into Cloud, On-Premises. Furthermore, by application, the Business Intelligence and Analytics market has been bifurcated into BFSI, Energy and Power, Manufacturing, Government, Healthcare, IT and Telecom, and Others. The Cloud segment type is expected to value for a major market share with XX% in 2018. However, xx is anticipated to exhibit the largest market share with XX% in 2018.
Geographically, global Business Intelligence and Analytics market has been segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Among all, North America leads the global Business Intelligence and Analytics market with XX% market share in 2018. The growth of the market in this region is primarily driven by increased digitalization, early adoption of this technologies and growing adoption of cloud based infrastructure.
The report further offers detailed competitive analysis of the top key players that are trending in the market. The list of the players that are featured in the report are SAP SE, Oracle Corporation, IBM Corporation, SAS, Microsoft Corporation, Teradata Corporation, Tableau Software, Inc. , MicroStrategy Incorporated, Information Builders, and Qlik Technologies, Inc.
The Global Business Intelligence and Analytics Market Segmentation:
Global Business Intelligence and Analytics Market: Type Analysis
Global Business Intelligence and Analytics Market: Application Analysis
• Energy and Power
• IT and Telecom
Global Business Intelligence and Analytics Market: Regional Analysis
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy and Rest Of Europe)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Colombia and Rest of L.A.)
• Middle East And Africa (Turkey, GCC, UAE and South Africa Rest of Middle East)