Global Business Intelligence and Analytics Software Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Business Intelligence and Analytics Software Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Business Intelligence and Analytics Software market size was valued at USD 23890 million in 2023 and is forecast to a readjusted size of USD 35100 million by 2030 with a CAGR of 5.6% during review period.

The factors for the Business Intelligence and Analytics Software market include:



1. Increasing Data Availability and Complexity: The rapid growth of digital technologies and the internet has led to an exponential increase in data generation. Organizations have access to vast amounts of data from various sources, including customer data, transaction records, social media, and sensor-generated data. Business Intelligence and Analytics software offer the capabilities to analyze and extract insights from this data, driving the demand for such tools.



2. Rise of Data-Driven Decision Making: Businesses are increasingly realizing the value of data-driven decision-making processes. Business Intelligence and Analytics software enable organizations to collect, analyze, and interpret data to make informed decisions, optimize operations, and gain a competitive edge. The adoption of these software solutions is driven by the need to transition from intuition-based decision-making to data-driven strategies.



3. Increasing Complexity of Business Processes: With the increasing complexity of business processes, traditional methods of data analysis and reporting become insufficient. Business Intelligence and Analytics software provide advanced functionalities that can handle complex data structures, analyze data in real-time, and uncover hidden patterns and trends. This capability is essential for businesses to adapt to the evolving challenges and complexities of today's markets.



4. Demand for Operational Efficiency: Businesses are constantly seeking ways to improve operational efficiency and optimize resource allocation. Business Intelligence and Analytics software provide insights into key performance indicators, identify bottlenecks, and highlight areas for improvement. These tools enable organizations to streamline processes, reduce costs, and increase productivity, driving the demand for such software solutions.



5. Growing Focus on Customer Experience: Customer-centricity has become a crucial aspect of business success. Business Intelligence and Analytics software facilitate a deep understanding of customer behavior, preferences, and needs by analyzing customer data. This insights-driven approach helps organizations personalize marketing campaigns, enhance customer engagement, and deliver a superior customer experience.



6. Regulatory Compliance and Risk Management: Compliance with regulatory requirements and effective risk management are critical for businesses operating in various industries, such as finance, healthcare, and telecommunications. Business Intelligence and Analytics software can assist organizations in monitoring and auditing processes, identifying potential risks, detecting anomalies, and ensuring compliance. The need for regulatory compliance and risk mitigation drives the adoption of these software solutions.



7. Technological Advancements: Continuous advancements in technology, such as artificial intelligence, machine learning, and natural language processing, have enhanced the capabilities of Business Intelligence and Analytics software. These technologies enable organizations to automate data analysis, generate predictive insights, and gain a deeper understanding of their business operations. Technological advancements drive the market by providing more powerful and efficient software solutions.



8. Affordable Cloud-Based Solutions: The availability of affordable cloud-based Business Intelligence and Analytics software has democratized access to these tools. Small and medium-sized enterprises (SMEs) can now leverage advanced analytics capabilities without substantial upfront costs or the need for extensive IT infrastructure. The accessibility and cost-effectiveness of cloud-based solutions have fueled the adoption of Business Intelligence and Analytics software across organizations of all sizes.



Overall, the driving factors for the Business Intelligence and Analytics Software market include the increasing availability and complexity of data, the rise of data-driven decision making, the need for operational efficiency, the growing focus on customer experience, regulatory compliance and risk management, technological advancements, and the affordability of cloud-based solutions. These factors collectively contribute to the growth and adoption of Business Intelligence and Analytics software in various industries.

The Global Info Research report includes an overview of the development of the Business Intelligence and Analytics Software industry chain, the market status of Healthcare (Content Analytics, Professional ServicesManaged Services), BFSI (Content Analytics, Professional ServicesManaged Services), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Business Intelligence and Analytics Software.

Regionally, the report analyzes the Business Intelligence and Analytics Software markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Business Intelligence and Analytics Software market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Business Intelligence and Analytics Software market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Business Intelligence and Analytics Software industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Content Analytics, Professional ServicesManaged Services).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Business Intelligence and Analytics Software market.

Regional Analysis: The report involves examining the Business Intelligence and Analytics Software market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Business Intelligence and Analytics Software market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Business Intelligence and Analytics Software:

Company Analysis: Report covers individual Business Intelligence and Analytics Software players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Business Intelligence and Analytics Software This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Healthcare, BFSI).

Technology Analysis: Report covers specific technologies relevant to Business Intelligence and Analytics Software. It assesses the current state, advancements, and potential future developments in Business Intelligence and Analytics Software areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Business Intelligence and Analytics Software market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Business Intelligence and Analytics Software market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Content Analytics
Professional ServicesManaged Services
Others

Market segment by Application
Healthcare
BFSI
Media and entertainment
Energy and Power
Others

Market segment by players, this report covers
TIBCO Software
MicroStrategy
Tableau Software
OpenText
IBM
Oracle
Microsoft
SAP
SAS

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Business Intelligence and Analytics Software product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Business Intelligence and Analytics Software, with revenue, gross margin and global market share of Business Intelligence and Analytics Software from 2019 to 2024.

Chapter 3, the Business Intelligence and Analytics Software competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Business Intelligence and Analytics Software market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Business Intelligence and Analytics Software.

Chapter 13, to describe Business Intelligence and Analytics Software research findings and conclusion.