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Business Intelligence & Analytics Software Market size to demonstrate double digit CAGR during the forecast period from 2018 to 2026 analysis by Credence Research

The Business Intelligence & Analytics Software Market Report is a professional and in-depth study on the current state of the Business Intelligence & Analytics Software Industry. Business Intelligence & Analytics Software Market expected to exhibit steady growth during the forecast period.

Firstly, this research report presents a basic outline of the Business Intelligence & Analytics Software industry covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented as well as manufacturing processes and cost structures.

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Secondly, this research study shows the Business Intelligence & Analytics Software market size (volume and value), and the share markets by types, regions, applications, and companies are also discussed. Third, the Business Intelligence & Analytics Software market report is presented for major regions including USA, Europe, China, and Japan, and other regions can be added.

Then, the research report especially concentrates on global major leading industry players with data such as company product pictures, profiles and terms, trades, market share, and contact information.

Market Insights

Business intelligence has emerged as one of the most important tools for business organizations, enabling them making more concrete and strategic decisions. With ever rising volume of data generated worldwide, BI & analytics has become one of the most important areas for various businesses and government organizations. In 2016, over 16 zettabytes (ZB) of data was generated globally creating immense opportunities for analytics. Growing penetration of smart grids, Internet of Things (IoT), energy management, social media and several others is expected to continue expanding the data volumes over the following years. This is further expected to create numerous analytics applications for the market, thereby driving the demand for BI & analytics tools.

Business intelligence & analytics software market is segmented based on platform type, engagement model, deployment model, organization size, industry vertical and geography. By industry vertical, the market is led by BFSI segment accounting for more than 1/4th of the total market value. Backed primarily by the insurance sector, the penetration of BI tools across insurance companies is more than 45%, as of 2018. Business intelligence helps BFSI organizations to analyze huge volumes of customer data to further improve their products and services. Thus, with growing competition in the sector, BFSI segment would continue dominating the market throughout the forecast period. Further, based on the geography, North America governs the overall business intelligence & analytics market with more than 1/3rd share of the total revenue generated worldwide, followed by Europe. Asia Pacific is set to demonstrate the highest growth rate during the forecast period.

Leading Players:

Birst, Inc. (an Infor Company), BOARD International S.A., IBM Corporation, Jaspersoft Corporation, Logi Analytics, Inc., Microsoft Corporation, MicroStrategy, Inc., Oracle Corporation, Qlik Technologies, Inc., Salesforce.com, Inc., SAP SE, SAS Institute, Inc., Sisense, Inc., Tableau Software, Inc., TIBCO Software, Inc. and others.

Research Methodology

Credence Research has used various sources of information and study to determine the market wealth of the global Business Intelligence & Analytics Software market. In series to give the industry value forecast till 2026 end, Credence Research analysts have first searched Business Intelligence & Analytics Software solutions by services, end user, product type and purpose. After this, the analysts aimed to arrive at the stated market figures so they have done primary and secondary research. In the primary research, consultations with industry specialists were carried out and the secondary research consists of qualitative information collecting through journals, various articles, industry association data, blogs, company websites, and other secondary sources. In the data study phase, adoption of Business Intelligence & Analytics Software solutions across various industries was examined, along with value chain analysis.

Report content

  • Qualitative Analysis
  • Industry overview
  • Industry trends
  • Key market opportunities prioritized
  • Market size
  • Growth prospects
  • Product benchmarking
  • Competitive landscape
  • Company overview
  • Financial performance
  • Market drivers and restraints
  • Latest strategic developments

Quantitative Analysis

  • Business Intelligence & Analytics Software Market size, estimates, and forecast from 2018 to 2026
  • Business Intelligence & Analytics Software Market estimates and forecast for product segments up to 2026
  • Regional market size and forecast of Business Intelligence & Analytics Software for product segments up to 2026
  • Market valuations and the outlook for demand segments up to 2026
  • Regional business size and forecast for application segments up to 2026

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