The global Business Intelligence And Analytics Market is forecast to reach USD 60.49 Billion by 2027, according to a current analysis by Emergen Research. During the forecast period, the global business intelligence and analytics market is projected to expand significantly in terms of revenue due to growing demand for real-time data-driven decision-making solutions.
Due to rapid adoption of cloud technologies by end-users, the modern channel data delivery segment is expected to account for comparatively higher revenue share than other data delivery segments during the forecast period. This can be attributed to significantly high demand for cloud-hosted business intelligence and analytics solutions, which offer streamlined data exchange. Besides, rising need to identify customer behavior across various industries and sectors is expected to further fuel global business intelligence and analytics market growth during the forecast period.
BUSINESS INTELLIGENCE AND ANALYTICS Market Size – USD 27.20 Billion in 2019, Market Growth – at a CAGR of 11.2%, Market Trends – Rise in adoption of search-driven analytics to generate analysis reports.
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Key Market Participants Include SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc., and Qlik Technologies Inc.
Process Type Outlook (Revenue, USD Billion; 2020–2027)
Online Transactional Processing (OLTP)
Online Analytical Processing (OLAP)
End-use Outlook (Revenue, USD Billion; 2020–2027)
Regional Analysis of the Business Intelligence and Analytics Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report further sheds light on the micro and macroeconomic aspects, including the socio-political landscape that is expected to impact the demand of the Business Intelligence and Analytics market during the forecast period. It also focuses on the role of the key market players involved in the industry, including their corporate overview, financial summary, and SWOT analysis.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Business Intelligence and Analytics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Business Intelligence and Analytics market size
2.2 Latest Business Intelligence and Analytics market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Business Intelligence and Analytics market key players
3.2 Global Business Intelligence and Analytics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Business Intelligence and Analytics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
The current COVID-19 pandemic is expected to have an effect on the growth of the Business Intelligence and Analytics industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Business Intelligence and Analytics sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Business Intelligence and Analytics industry.
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