Business Intelligence Software Market

Business Intelligence Software Market by Deployments (On-premise and Hosted), End-users (Media & Entertainment, Healthcare, IT & Telecom, BFSI, Government, Manufacturing, and Others), Functions (Finance, Sales & Marketing, Executive Management, and Information & Deployment), Enterprise Sizes (Small & Medium Enterprises and Large Enterprises), Technologies (Mobile Business Intelligence, Traditional Business Intelligence, Cloud Business Intelligence, and Social Business Intelligence), Tools (OLAP & Visualization Tools, Query, Reporting & Search Tools, Dashboards & Scoreboards, and Predictive analysis), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2747
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 212
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The global business intelligence software market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing usage of internet of things technology, analytics, technological proliferation, and with the use of software organizations can now track and collect behavioral data for business growth.


Business Intelligence Software Market Key Takeaways

Business intelligence (BI) refers to the combination of technologies and different strategies used for the analysis of the data to deliver business information to the enterprise. BI accumulates current as well as past data for analysis. BI software is type of application software used by business to collect, analyze and transform data into key business insights. BI software helps organizations to make informed decisions based on consumer buying pattern and logical facts involving market trends.

The COVID-19 pandemic outbreak had a considerable impact on market. During pandemic, lockdown and social distancing norms were imposed by government bodies resulted in business shutdown which hindered the market. However, introduction of work from policy by various organization lead to adoption of BI software for responding new challengers raised in pandemic. Additionally, healthcare sector is adopting BI software for remote health monitoring of patients.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising implementation of data analytics by industry verticals to analyze the data for making more informed business decisions is one of the key factor driving the market growth.
  • Increasing implementation of data-oriented business models by large and small & medium enterprises is projected to drive the market expansion during the forecast period.
  • Escalating cost of installing and licensing BI software acts as a major challenge that can restrict the market growth in the coming years.
  • Decreasing adoption of BI software due to high cost of training the employees on utilizing it can hamper the market growth during the projected timeline.
  • Developing BI software applications which are compatible with smartphones is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global business intelligence software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Business Intelligence Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Deployments (On-premise and Hosted), End-users (Media & Entertainment, Healthcare, IT & Telecom, BFSI, Government, Manufacturing, and Others), Functions (Finance, Sales & Marketing, Executive Management, and Information & Deployment), Enterprise Sizes (Small & Medium Enterprises and Large Enterprises), Technologies (Mobile Business Intelligence, Traditional Business Intelligence, Cloud Business Intelligence, and Social Business Intelligence), and Tools (OLAP & Visualization Tools, Query, Reporting & Search Tools, Dashboards & Scoreboards, and Predictive analysis)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Google, Inc.; Informatica; Oracle Corp.; SAS Institute, Inc.; Cloud9 Analytics; IBM Corp.;
Microsoft Corp.; Tableau Software; and SAP SE Corp.

Market Segment Insights

Easy to configure drive the on-premise segment

Based on deployments, the global business intelligence software market is bifurcated into on-premise and hosted. The on-premise segment is expected to grow at a rapid pace during the forecast period attributed to easy integration with existing operational and IT systems and easy to configure as well as high degree of customization with lower costs. However, the hosted segment is anticipated to expand at a substantial CAGR in the coming years due to its cost effectiveness nature and it allows businesses to concentrate on their core activities.

Manufacturing segment is projected to expand at considerable CAGR

In terms of end-users, the market is divided into media & entertainment, healthcare, IT & telecom, BFSI, government, manufacturing, and others. The BFSI segment is expected to account for a major market share during the projected timeline owing to rising use of BI software by banking and financial institutes. Moreover, it also provides continuous access to buyer database, better customer experience, unified communication with buyers, and segmentation of costumers, which presents a major factor driving the segment. On the other hand, the manufacturing segment is projected to expand at a considerable CAGR during the forecast period due to increasing competition across the globe, which lead to eliminate the traditional approach and implementation of technologically advanced BI tools.


Business Intelligence Software Market By End-Users

Use of financial tools of BI software increases the finance segment market share

On the basis of functions, the global business intelligence software market is segregated into finance, sales & marketing, executive management, and information & deployment. The finance segment is estimated to account for a significant market share during the forecast period attributed to escalated use of financial tools for gathering, processing, and studying financial data in real-time which helps in making better business decisions. However, the executive management segment is anticipated to grow at a high CAGR during the projected period due to the boost in the implementation of BI software for strategical decision making by enterprises.

Large enterprises segment is expected to expand at robust growth rate

Based on enterprise sizes, the market is bifurcated into small & medium enterprises and large enterprises. The large enterprises segment is estimated to expand at robust growth rate during the forecast period owing to increase in use of advanced analytical tools and real-time data compilation solutions by large enterprises. On the other hand, the small & medium enterprises segment is projected to expand a considerable CAGR during the forecast period attributed to the use of BI software for gathering customer data from digital platforms, helping small & medium enterprises to categorize buyers, and fetch their services and products to their target market.


Business Intelligence Software Market By Enterprise Sizes

Easy to implement drive the cloud business intelligence segment

In terms of technologies, the global business intelligence software market is fragmented into mobile business intelligence, traditional business intelligence, cloud business intelligence, and social business intelligence. The cloud business intelligence segment is estimated to account for a major market share during the forecast period owing to cloud solutions offer predictive maintenance for customers, which covers the expenditures for software and hardware problems. Furthermore, cloud business intelligence software is easy to implement in the present business operations as well as, helps enterprises to focus on their core business, which is projected to accelerate the segment growth further. On the other hand, the social business intelligence segment is expected to expand at a robust CAGR in the coming years due to growing use of social medial platforms gathers large volume of data so, this software helps to manage the rapidly growing user data.

Query, reporting & search segment is projected to expand at high growth rate

On the basis of tools, the market is segmented into OLAP & visualization tools, query, reporting & search tools, dashboards & scoreboards, and predictive analysis. The query, reporting & search segment is projected to expand at high growth rate in the projected timeline attributed to analysis of raw data and carrying an in-depth analysis helps customers to gain insights for their enterprises by using the information. However, the dashboards & scoreboards segment is anticipated to register a substantial CAGR during the forecast period owing to its help to businesses for analyzing the data which helps end-users and corporate staff with more informed business decisions. Additionally, dashboards & scoreboards tools gives a graphic representation in the form of maps, charts and graphs which enables businesses to make more informed decisions is major driver of the segment

North America is anticipated to constitute a key market share

In terms of region, the global business intelligence software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to installation of BI software by key market players in the region and rapid digitalization across industries. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the rise in demand for customer insights implementation of BI tools and software, and outsourcing activities for cloud deployment in the region.

Segments

Segments Covered in the Report
The global business intelligence software market has been segmented on the basis of

Deployments
  • On-premise
  • Hosted
End-users
  • Media & Entertainment
  • Healthcare
  • IT & Telecom
  • BFSI
  • Government
  • Manufacturing
  • Others
Functions
  • Finance
  • Sales & Marketing
  • Executive Management
  • Information & Deployment
Enterprise Sizes
  • Small & Medium Enterprises
  • Large Enterprises
Technologies
  • Mobile Business Intelligence
  • Traditional Business Intelligence
  • Cloud Business Intelligence
  • Social Business Intelligence
Tools
  • OLAP & Visualization Tools
  • Query, Reporting & Search Tools
  • Dashboards & Scoreboards
  • Predictive analysis
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Google, Inc.
  • Informatica
  • Oracle Corp.
  • SAS Institute, Inc.
  • Cloud9 Analytics
  • IBM Corp.
  • Microsoft Corp.
  • Tableau Software
  • SAP SE Corp.

Competitive Landscape

Key players competing in the global business intelligence software market are Google, Inc.; Informatica; Oracle Corp.; SAS Institute, Inc.; Cloud9 Analytics; IBM Corp.; Microsoft Corp.; Tableau Software; and SAP SE Corp.

Companies are focusing on investment in R&D for development of technological advanced BI software for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in 2018, Microsoft Corp. invested USD 14.7 billion in R&D to develop technological advanced services and products. This investment helped the company to maintain a competitive advantage over its competitors.

In June 2019, Looker Data Sciences, Inc. the U.S. based computer software company was acquired by Google, Inc. This acquisition was aimed to develop comprehensive analytics solution that visualizes and integrates data insights at every step of business.

Business Intelligence Software Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Business Intelligence Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Business Intelligence Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Business Intelligence Software Market - Supply Chain
  4.5. Global Business Intelligence Software Market Forecast
     4.5.1. Business Intelligence Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Business Intelligence Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Business Intelligence Software Market Absolute $ Opportunity
5. Global Business Intelligence Software Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Business Intelligence Software Market Size and Volume Forecast by End Users
     5.3.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Business Intelligence Software Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Business Intelligence Software Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Business Intelligence Software Demand Share Forecast, 2019-2026
7. North America Business Intelligence Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Business Intelligence Software Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Business Intelligence Software Market Size and Volume Forecast by End Users
     7.4.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Business Intelligence Software Demand Share Forecast, 2019-2026
8. Latin America Business Intelligence Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Business Intelligence Software Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Business Intelligence Software Market Size and Volume Forecast by End Users
     8.4.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Business Intelligence Software Demand Share Forecast, 2019-2026
9. Europe Business Intelligence Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Business Intelligence Software Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Business Intelligence Software Market Size and Volume Forecast by End Users
     9.4.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Business Intelligence Software Demand Share Forecast, 2019-2026
10. Asia Pacific Business Intelligence Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Business Intelligence Software Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Business Intelligence Software Market Size and Volume Forecast by End Users
     10.4.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Business Intelligence Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Business Intelligence Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Business Intelligence Software Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Business Intelligence Software Market Size and Volume Forecast by End Users
     11.4.1. Media & Entertainment Healthcare IT & Telecom BFSI Government Manufacturing  
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Business Intelligence Software Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Business Intelligence Software Market: Market Share Analysis
  12.2. Business Intelligence Software Distributors and Customers
  12.3. Business Intelligence Software Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Google, Inc. Informatica Oracle Corp. SAS Institute, Inc. Cloud9 Analytics IBM Corp.  
Segments Covered in the Report
The global business intelligence software market has been segmented on the basis of

Deployments
  • On-premise
  • Hosted
End-users
  • Media & Entertainment
  • Healthcare
  • IT & Telecom
  • BFSI
  • Government
  • Manufacturing
  • Others
Functions
  • Finance
  • Sales & Marketing
  • Executive Management
  • Information & Deployment
Enterprise Sizes
  • Small & Medium Enterprises
  • Large Enterprises
Technologies
  • Mobile Business Intelligence
  • Traditional Business Intelligence
  • Cloud Business Intelligence
  • Social Business Intelligence
Tools
  • OLAP & Visualization Tools
  • Query, Reporting & Search Tools
  • Dashboards & Scoreboards
  • Predictive analysis
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Google, Inc.
  • Informatica
  • Oracle Corp.
  • SAS Institute, Inc.
  • Cloud9 Analytics
  • IBM Corp.
  • Microsoft Corp.
  • Tableau Software
  • SAP SE Corp.

Key players competing in the global business intelligence software market are Google, Inc.; Informatica; Oracle Corp.; SAS Institute, Inc.; Cloud9 Analytics; IBM Corp.; Microsoft Corp.; Tableau Software; and SAP SE Corp.

Companies are focusing on investment in R&D for development of technological advanced BI software for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in 2018, Microsoft Corp. invested USD 14.7 billion in R&D to develop technological advanced services and products. This investment helped the company to maintain a competitive advantage over its competitors.

In June 2019, Looker Data Sciences, Inc. the U.S. based computer software company was acquired by Google, Inc. This acquisition was aimed to develop comprehensive analytics solution that visualizes and integrates data insights at every step of business.

Business Intelligence Software Market By Key Players

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