Business Intelligence Market Securing Sustainable Opportunities from Manufacturing Industry
Business intelligence is gaining enormous prominence for a few years, as the most essential decision-making tool in the organization. As per the findings of an IndustryARC study, the global business intelligence market value touched $17 billion in 2018. And, the demand is expected to grow at a compound annual growth rate (CAGR) of 9.00% during the forecast period of 2019 to 2025. Rapid change in the integration of information and the business environment are the major driving factors for the growth of the business intelligence market.
The report, titled “Business Intelligence Market – By Organization (Large Enterprise, SMEs); Industry (Manufacturing, Retail & Consumer Goods, Government & Defense); Geography and Forecast 2019-2025,” states that the substantial driving factors for the business intelligence market development are the growth of advanced analytics, increasing adoption of cloud, emergence of IoT-enabled technologies, and the adoption of data-driven decision making. It is being observed that there is a rapid transformation in the market after the adoption of advanced BI.
Global Business Intelligence Market: Leading Segments
North America accords for the largest share in the BI market owing to the increasing investments and expenditure made by various indigenous companies and the potential investors from different sectors. It is observed that the
U.S contributes the most due to the early adoption of BI solutions, technological advancement, and opportunities across other verticals. However, North America had a regional share of 35% as of 2018, which is one-fifth of the rest of the world’s contribution.
Furthermore, the leading application segment of the BI market is the manufacturing sector, the demand of which is projected to increment superlatively at a CAGR of 14.00% during the aforementioned forecast period. Moreover, the most data-intensive industry is manufacturing, and BI provides massive potential by utilizing the data in the most useful and fruitful way.
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Global Business Intelligence Market: Disruptive Trends
Master Data and Data Quality Management
Owing to technological advancement, the business units are adopting BI globally. The top- rated trend in the market is master data and data quality management. This in cooperation with BI has initiated a continuous program of enhancing the quality of data and also assist the process of data integration of any data-driven company.
Data Discovery Business Intelligence
Apart from manufacturing, IT users, vendors, and consultants attach a lot of importance to data discovery. This trend is effectively and efficiently adopted by countries such as France, Northern Europe, and South America. The high demand for data discovery in BI has increased data usage.
Self-Service Business Intelligence
This is the third most emerging trend in the market. The companies now prefer to carry out the tasks by themselves instead of passing it on to IT for fulfillment. The objective behind this is to give more responsibility and freedom to the user. This has created an increasing demand for the business intelligence market.
Global Business Intelligence Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global business intelligence market are Tibco Software, Yellowfin International Pty Ltd, Microsoft Corp., Sisense Inc., Tableau Software, Oracle Corp., Qlik Technologies, and SAP SE
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What can you expect from the report?
The Business Intelligence Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Business Intelligence Market Size by Product Categories & Application
2. Business Intelligence Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Business Intelligence Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Business Intelligence Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Business Intelligence Market Strategic Analysis
18. Business Intelligence Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Business Intelligence Market Revenue and Volume Analysis
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
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2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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