Business Intelligence Market Growth, COVID – 19 Impact Analysis, Business Trends, Global Segments by Forecast 2027

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Market Scenario:

As per the research by Market Research Future Reports (MRFR), the global mobile business intelligence market growth, is estimated to reach USD 12.44 billion, thriving at a CAGR of 23.29% during the review period from 2016 to 2022. The high adoption of technology is the major factor driving the global mobile business intelligence market 2020. The higher adoption of analytical software into regular business operations has resulted in the expansion of the market. Besides, the growing size of the organization has further propelled the expansion of the market. Moreover, there has been a growing demand for BYOD in the organization. Besides, the demand for real time reporting has increased, which has resulted in the expansion of the market at a global level. Business intelligence helps the organization in gaining efficient methods for daily operations. The BI offers the past, present, and future status of the business operations. It is an essential asset for the company's sales force since it offers access to the smallest details to analyze the sales trends and product improvements.

Moreover, BI also offers a competitive advantage over competitors. The fast changes in the business environment and the deployment of information for efficient management are some of the other reasons for the expansion of the business intelligence market. However, the lack of expertise and skilled workforce is the biggest challenge faced by most of the organizations while deploying the tool and is likely to restrict the expansion of the market. Moreover, the outbreak of COVID-19, the market has been analyzed again with new establishments. We will provide COVID-19 impact analysis with the report. 

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Segmentation:

The global BI market can be classified on the basis of business function, services, end-users, and region.

On the basis of business function, the global BI market can be classified into IT, HR, Finance, Operations, Sales, Marketing, and others.

On the basis of services, the global BI market can be classified into Professional Services and Managed Services.

On the basis of end-user, the global BI market can be classified into Healthcare, Government, Retail & E-commerce, BFSI, IT & Telecommunication, Manufacturing, and others.

On the basis of region, the global BI market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Competitive Outlook

The forefront players of the global BI market are  SAP SE (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Micro Strategy (U.S.), Oracle Corporation (U.S.), SAS Institute (U.S.), Information Builders (U.S.), Tableau Software (U.S.),  TIBCO Software (U.S.), Qlik, Yellowfin International Pty Ltd. (U.S.), and others.

Regional Analysis:

The geographical analysis of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been conducted. As per the analysis, the global market is dominated by North America. It is estimated to acquire the largest market share during the forecast period. The major reason behind the expansion is the continuous technological evolution in the region and the rising usage of tablets. Moreover, the early adoption of BI in the region has further fueled the market. On the other hand, the APAC region is likely to exhibit high-growth by the end of the forecast period. The region consists of the fastest developing countries,i.e., China and India. The region is developing at a fast pace due to the rapid urbanization and industrialization. Moreover, several new entities are making their path in the market, making the market more competitive. Furthermore, the evolving technologies' major focus is on developing mobile applications that propel the market.

However, the outbreak of COVID-19 has affected several regions and their markets. Several markets have come to a halt due to the nationwide lockdown being observed in several

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Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

Continued….

LIST OF TABLES

TABLE 1 GLOBAL BUSINESS INTELLIGENCE MARKET, TECHNOLOGY

TABLE 2 GLOBAL BUSINESS INTELLIGENCE MARKET, BY SERVICE

TABLE 3 GLOBAL BUSINESS INTELLIGENCE MARKET, BY DEPLOYMENT

Continued….

LIST OF FIGURES

FIGURE 1 RESEARCH NETWORK SOLUTION (%)

FIGURE 2 GLOBAL BUSINESS INTELLIGENCE MARKET: BY TECHNOLOGY (%)

FIGURE 3 GLOBAL BUSINESS INTELLIGENCE MARKET: BY SERVICE (%)

Continued….

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

 

 

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