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Business Intelligence Market by Component (Solution, and Services), Deployment (On-premises and Cloud Based), Organization Size ( Large Enterprise, and Small & medium enterprise) and Industry Verticals (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A09355 | Pages: NA | Dec 2020 | 148 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Business Intelligence Market
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Business intelligence (BI) is a technology-driven procedure for presenting actionable information and analysing data which helps managers, corporate end users and executives to make business conclusions. BI encompasses a wide variety of methods, tools, and applications that permit administrations to gather data from external sources and internal systems, make it for analysis, improve and track queries that create reports, dashboards and data visualizations to create the analytical outcomes existing to corporate decision-makers, and operational workers. The main role of BI is to develop a company by improving collect to the firm's data and then using that data powerfully to upsurge effectiveness. Companies that employ BI practices have translate their composed new data into insights of their business processes. The insights is used to create strategic business decisions that improve productivity, increase revenue and accelerate growth.
Business Intelligence Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value ($) |
 Segments covered | Component, Deployment, Organization Size, Industry Verticals, and Region |
 Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
 Companies covered | Major players analyzed in the market include Cisco Systems Inc., Information Builders, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Qlik Technologies Inc., SAP SE, SAS Institute Inc., Tableau Software Inc., and TIBCO Software Inc. |
Impact of COVID-19 on Business Intelligence Market
- The global impacts of the corona virus disease 2019 (COVID-19) are expected to significantly affect the business intelligence market in 2020.
- Lockdown and travel restrictions across the globe have led to reduction in demand for supply chain management drastically, which impacts the retail travel industry in a negative manner and hampers growth of the market.Â
- More and more organization owners are saying that COVID-19 is affecting on their business intelligence and analytics initiatives and budgets.
- Overall, the present scenario is expected to have a negative impact on the business intelligence market growth.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Growing demand for cloud-based business solutions in the SME sector is driving the BI market. Rising awareness for several benefits such as data scalability, tracking key performance indicator (KPIs) offered by BI software that enables organizations for enhancing user experience. However, significant cost incurred in licensing and installing a BI software is expected to act as a hindrance to the BI market growth. Moreover, integrating advanced analytics for Big Data with BI systems is expected to provide lucrative opportunities for the global business intelligence market.
Growth in adoption for cloud-based solutions in business
The increasing penetration of the Internet around the world is one of the significant factors contributing to the high volume of data that complements the growth of the data market in the structure. The rise of Internet of Things (IoT) and Big Data is significantly boosting the growth of the unrestricted global data market. Cloud-based BI applications include BI-related services, such as interactive dashboard reporting and Intelligent KPI monitoring or dynamic. Â The popularity of cloud-based tools and services is increasing due to increase IoT technology and internet penetration. The adoption of cloud-based solutions in SMEs is driving the growth of BI market.
Business intelligence for big data
BI platforms are progressively being used as front-end boundaries for big data systems. Innovative BI software provides business to connect to a range of data sources. In addition, it offers simple user interfaces (UI) that creates the tackles a good fit for big data constructions. The end-users are connecting to a range of data foundations, including NoSQL databases, Hadoop systems, conventional data warehouses and cloud platforms, and developing an incorporated view of their various data.Â
Key segments covered:
Segments | Subsegments |
 Component |
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 Deployment |
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 Organization Size |
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 Industry Verticals |
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Key benefits of the report:
- This study presents the analytical depiction of the global business intelligence industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global business intelligence market share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global business intelligence market analysis based on competitive intensity and how the competition will take shape in coming years.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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