The Global Business Intelligence Market size is expected to grow from USD 39.25 billion in 2022 to USD 65.94 billion by 2030, at a CAGR of 6.7% during the forecast period (2023-2030).
Global Business Intelligence Market by Introspective Market Research evaluates market size, trend, and forecast to 2030. The Business Intelligence (BI) Software market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Business intelligence is a set of tools used by businesses to retrieve, analyze, and transform data into useful business insights. Examples of business intelligence (BI) tools comprise data visualization, data warehousing, dashboards, and reporting. In contrast to competitive intelligence, business intelligence pulls from internal data that the business produces, rather than from outside sources.
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The Major Players Covered in this Report:
IBM, Zoho, Oracle,SAP,Salesforce,Yellofin,SAS,Google,AWS,MicroStrategy,DOMO,TIBCO,Information Builders,Teradata,Sisense,Board International,Microsoft,Amlgo Labs,Infor,Targit,Dundas,Qlik,Vphrase
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The rapid increase in the need for virtual assistants, rise in usage of social media for advertising, and high adoption of customer-centric marketing strategies are the factors that drive the growth of artificial intelligence in the marketing market. In addition, advancements in big data analytics and an increase in the use of AI-based products and services to enhance consumer experience are also expected for market growth. However, the high cost of maintenance, continuous supervision, and security issues are the factors expected to hamper Business Intelligence market growth. Furthermore, the rise in adoption of cloud-based applications & services and the growth of marketing analytics are expected to create lucrative opportunities that will lead to the growth of artificial intelligence in the marketing market.
By Component, Business Intelligence has been segmented into:
- Solutions
- Services
By Application, Business Intelligence has been segmented into:
- Supply Chain Analytic Applications
- CRM Analytic Applications
- Financial Performance
- Strategy Management
- Production Planning Analytic Operations
- Others
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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The Business Intelligence Market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.
Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Business Intelligence (BI) industry. The study categorizes the Aerospace Carbon Fiber industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
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