Business Intelligence Software in the US - Industry Market Research Report

Business Intelligence Software in the US - Industry Market Research Report

Business Intelligence Software in the US

The industry has expanded, resulting from surging demand as online business becomes increasingly prevalent. Many business intelligence (BI) software products have become fundamental corporate operations and management tools, leading to an influx of private investment in software. The pandemic has expedited this dynamic, as the industry benefited from businesses increasing their reliance on cloud computing and on-premise management services. Industry revenue is expected to grow at a CAGR of 5.7% to an estimated $36.4 billion in 2023, including a hike of 6.5% this year alone as profit settles at 26.0%.

Companies in this industry offer software that enables businesses to collect, analyze, transform and report data. Companies may also provide support services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.