Authored By: Sarah
23 Dec 2021

Business Intelligence (BI) And Analytics Platforms Market to Grow by $ 21.72 bn through 2021-2025

 Key Drivers and Market Trends


The Global Business intelligence (bi) and analytics platforms market is likely to grow by $ 21.72 bn, decelerating at a CAGR of over 13% till 2025. Several factors such as Rising need to improve business efficiency and Increasing use of smart connected devices will drive market growth. This research report lists all the growth drivers that are likely to boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The goal of this research report is to furnish clients with insights that will help them leverage growth opportunities to implement business growth.


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Top Drivers for Business Intelligence (BI) And Analytics Platforms Market Size to Grow by $ 21.72 bn During 2021-2025

Business Intelligence (BI) And Analytics Platforms Market: Segments and Geographical Regions

  • This report segments the market End-user (BFSI, Healthcare, ICT, Government, and Others) and Geography (North America, APAC, Europe, MEA, and South America).  
  • 34% of the market growth will originate from APAC during the forecast period. 
  • This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report

Business Intelligence (BI) And Analytics Platforms Market: Vendor Analysis

  • The market is fragmented due to the presence of several players. 
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 
  • Hitachi Ltd., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, SAP SE, SAS Institute Inc., Tableau Software LLC, and TIBCO Software Inc. are some of the major market participants. 

Market Segmentation by End-user

    • Business Intelligence (BI) And Analytics Platforms Market Split by End-user
      • BFSI
      • Healthcare
      • ICT
      • Government
      • Others
    • Business Intelligence (BI) And Analytics Platforms Market Split by Geography
      • North America
      • APAC
      • Europe
      • MEA
      • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Hitachi Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • MicroStrategy Inc.
  • Oracle Corp.
  • QlikTech international AB
  • SAP SE
  • SAS Institute Inc.
  • Tableau Software LLC
  • TIBCO Software Inc.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will decelerate at a CAGR of over 13%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 21.72 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising need to improve business efficiency will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Hitachi Ltd., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, SAP SE, SAS Institute Inc., Tableau Software LLC, and TIBCO Software Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (BFSI, Healthcare, ICT, Government, and Others) and Geography (North America, APAC, Europe, MEA, and South America)

Business Intelligence (BI) And Analytics Platforms Market Size to Grow by $ 21.72 bn through 2021-2025

The business intelligence (bi) and analytics platforms market is expected to grow by $ 21.72 bn, decelerating at a CAGR of almost 13.16% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


Business Intelligence (BI) and Analytics Platforms Market: Receive Free Sample Report


Business Intelligence (BI) And Analytics Platforms Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (BFSI, Healthcare, ICT, Government, and Others) and Geography (North America, APAC, Europe, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Top Drivers for Business Intelligence (BI) And Analytics Platforms Market Size to Grow by $ 21.72 bn During 2021-2025

Business Intelligence (BI) And Analytics Platforms Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Hitachi Ltd., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, SAP SE, SAS Institute Inc., Tableau Software LLC, and TIBCO Software Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerate at a CAGR of almost 13.16%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 21.72 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising need to improve business efficiency will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Hitachi Ltd., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Oracle Corp., QlikTech international AB, SAP SE, SAS Institute Inc., Tableau Software LLC, and TIBCO Software Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (BFSI, Healthcare, ICT, Government, and Others) and Geography (North America, APAC, Europe, MEA, and South America)

The business intelligence (BI) and analytics platforms market is likely to experience steady growth because of the rising need to improve business efficiency and the increasing use of smart connected devices. Rising at a CAGR of 10% , the market is estimated to have an incremental growth of $ 12.62 bn by 2024. Download Free Sample Report

As per a Technavio analyst, the growing popularity of medical tourism industry is one of the variously emerging trends which is  expected to boost the growth of the business intelligence (BI) and analytics platforms market

Technavio’s recent analysis of business intelligence (BI) and analytics platforms market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in North America, Europe, APAC, MEA, and South America, geographically. The North America region is expected to have a market share of 36%. This growth can be attributed to the abundance of data across the exponentially growing healthcare sector, particularly in the US.

For further information on this analysis, please visit: https://www.technavio.com/industries/application-software

Rising data privacy and security concerns and an increasing threat from open-source business analytics vendors are expected to hinder the growth of the market. However, the rising demand for data integration and visual analytics will have a positive impact on the business intelligence (BI) and analytics platforms market during the forecast period.

Technavio’s analysis of the business intelligence (BI) and analytics platforms market also includes:

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive business intelligence (BI) and analytics platforms market growth during the next five years
  • Precise estimation of the business intelligence (BI) and analytics platforms market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the business intelligence (BI) and analytics platforms market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of business intelligence (BI) and analytics platforms market

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: 
media@technavio.com
Website: www.technavio.com

 

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