Business Intelligence and Analytics Market Size Worth USD 60.49 Billion by 2027

Mobility as a Service (MaaS) Market

According to a recent report by Emergen Research, the worldwide business intelligence and analytics market is anticipated to reach USD 60.49 billion by 2027. Due to rising demand for real-time data-driven decision-making solutions, the worldwide business intelligence and analytics market is anticipated to experience considerable revenue growth during the forecast period. Additionally, during the forecast period, the requirement to understand customer behaviour across numerous industries and sectors is anticipated to fuel the growth of the worldwide business intelligence and analytics market. Additionally, a major portion of the revenue growth of the worldwide business intelligence and analytics market will be driven in the near future by rising usage of search-driven analytics to create reports.

Executives, managers, and other professionals can benefit from analytical information provided by business intelligence (BI) and analytics tools to comprehend emerging industry trends. Businesses can confidentially survey their own operations with the help of business intelligence, which compiles a list of their strengths and areas for improvement. The goal of business intelligence is to use information to guide decisions that increase revenue. Business intelligence and analytics software is widely used in major firms, but due to its advantages, small and medium-sized businesses are also on the lookout for investments in this software.

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Key Highlights of Report

  • The market in this region is anticipated to take the lead in terms of revenue share contribution to the global business intelligence and analytics market during the forecast period due to the growing adoption of business intelligence and analytics solutions in numerous sectors in North American countries.
  • Due to the growing adoption of business intelligence and analytics solutions to improve business performance through effective planning, budgeting, accounting, and forecasting, the business management application segment is anticipated to dominate the global business intelligence and analytics market in terms of revenue contribution.
  • The financial services end-use segment is anticipated to hold the biggest market share in the global business intelligence and analytics market during the projected period due to the rising demand for data visualisation approaches for report preparation in the financial services sector.
  • Key market participants include SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc., and Qlik Technologies Inc.

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Emergen Research has segmented the global business intelligence and analytics market on the basis of process type, data delivery, application, end-use, and region.

Process Type Outlook (Revenue, USD Billion; 2020–2027)

  • Online Transactional Processing (OLTP)
  • Online Analytical Processing (OLAP)

Data Delivery Outlook (Revenue, USD Billion; 2020–2027)

  • Traditional channels
    • Web portal
    • Web app
    • Email
    • File Transfer Protocol (FTP)
  • Modern channels
    • Cloud hosting
    • Social sharing

Application Outlook (Revenue, USD Billion; 2020–2027)

§  Business management

§  Performance management

§  Strategic planning

§  Process intelligence

§  Competitive intelligence

§  IT management

§  App analytics

§  Web analytics

§  Security management

§  Sales & Marketing

§  Customer behavior analysis

§  Campaign management

§  CRM

§  Targeted marketing

§  Inventory management

§  Human resource

§  Talent management

§  HR analytics

§  Supply chain & Logistics

§  Shipping & inventory control

§  Supplier & vendor management

§  Sports and games analytics

End-use Outlook (Revenue, USD Billion; 2020–2027)

  • Education
  • Healthcare
  • Manufacturing
  • Telecommunication
  • Information Technology
  • Retail
  • Entertainment
  • Government
  • Energy & Power
  • Financial Services
  • Others

Regional Outlook (Revenue, USD Billion; 2020–2027)

  • North America
    1. S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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