Featuring SAP, SAS Institute, IBM, Microsoft and Oracle

Dublin, Feb. 10, 2023 (GLOBE NEWSWIRE) — “Business Intelligence Market Size, Market Share, Application Analysis, Regional Outlook, Development Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added. ResearchAndMarkets.com’s Providing.

The global business data market is expected to grow at a CAGR of 9.5% during the forecast period of 2022-2030.

The market is primarily driven by the significant growth in data generation. The increasing amount of data provides new opportunities for business development.

Connecting analytics has led to new approaches to customer engagement, the ability to leverage skills and knowledge among employees, and greater opportunity to test new services and products and business models.

A 360 degree analysis concludes that the retail industry leads among other verticals in terms of market revenue.

The global business intelligence market is segmented on the basis of application, component, enterprise size, data type, deployment, verticals. The industry vertical is segmented into manufacturing, healthcare, energy and utilities, BFSI, transport and distribution, IT and telecom, retail, media and entertainment, government and others.

The retail industry market will lead the industry vertical segment in terms of revenue, accounting for 17.02 percent of the global business intelligence market by 2020. Retailers collect data from their operational and external systems including financial systems, POS systems and e-commerce initiatives.

Business intelligence systems enable retail chains to analyze multiple sources of data, helping retailers answer critical strategic and operational questions related to customer segmentation and analytics, merchandising and supply chain efficiency. Further, the growth in the e-commerce market promises to provide a huge potential to grow the retail segment during the forecast period.

BI applications in the manufacturing industry to grow rapidly

The manufacturing market is expected to be the fastest growing market with a CAGR of 9.9% during the forecast period. The entire manufacturing industry is undergoing radical change. The Industry 4.0 initiative’s emphasis on the use of automated machines and the use of IoT to effectively predict failures and initiate autonomous maintenance processes has fueled the growth of the BI market in the manufacturing sector.

The story continues

In addition, adoption of new advanced technologies that include IoT and robotics, efficiency in supply chain networks, operational efficiencies and costs are driving the changes. A BI solution in manufacturing enables efficient operations management, improves supply chain efficiency and provides many other benefits.

BI applications in healthcare promise significant opportunities.

Manufacturing, retail, healthcare, energy and utilities and BFSI are among the emerging applications in the global business intelligence market. The healthcare business data market is expected to account for 11.02% market share in 2021, growing at a CAGR of 9.4% during the forecast period. The healthcare sector, particularly the pharmaceutical, biopharmaceutical and medical device industry, is undergoing a transformation.

The change is a result of patent expirations on key drugs, competition from generic versions of drugs, compliance with stricter regulatory requirements, lower revenues on existing product pipelines, and increased drug R&D costs. Healthcare organizations are looking to a sustainable alternative for business, streamline the entire production process, and find the most profitable metrics in drug and medical device research.

North America takes the lion’s share

Geographically, the global business data market is segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). North America It will lead the global business data market by 2021 with the largest market share at 42.5% revenue.

Growth is primarily driven by a sound technological infrastructure and presence of key players such as Microsoft (US), Oracle (US), SAS (US) and others established in this region. Also, due to highly developed and technologically advanced service sector and wide acceptance of business intelligence in service sector, government organization, BFSI and others have positively influenced the business intelligence market.

Additionally, Asia Pacific is expected to grow at the highest CAGR of 11.1% during the forecast period, fueling the growth of the market due to the significant growth of big data generation in the region.

Additionally, the business intelligence market in Asia Pacific is driven by a large pool of skilled IT professionals, information technology investment initiatives and high usage of cloud computing and increasing IT spending in organizations.

M&A – the most accepted strategy leading to market expansion

Mergers and acquisitions (M&A) is the main strategy adopted by the companies in the global business information market. The companies acquire other companies that can enhance their product portfolio to increase their dominance and market share. M&A allows the companies to expand their market in uncharted territories.

Product launch is the secondary strategy adopted by the companies in the business intelligence market. New and advanced products help improve a company’s market visibility while effectively competing with major competitors. Top companies in this market are SAP, SAS Institute, IBM Corp, Microsoft Corp, Oracle Inc. And they include more.

Historical and forecast period

This research report represents the analysis of each segment from 2020 to 2030, considering 2021 as the base year. The Compound Annual Growth Rate (CAGR) for each segment is estimated during the forecast period of 2022 to 2030.

Key questions are answered in this report.

• What are the key micro and macro environmental factors influencing the growth of the Business Intelligence market?

• What are the key investment pockets in terms of product segments and geographies currently and during the forecast period?

• Forecast and market forecast till 2030.

• Which segment has the fastest CAGR during the forecast period?

• Which market segment holds the largest market share and why?

• Are low- and middle-income economies investing in the business intelligence market?

• Which is the largest regional market for business intelligence market?

• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?

• What are the key trends driving the growth of the Business Intelligence market?

• Who are the major competitors and what are their key strategies to increase their market presence in the global business intelligence market?

Key topics covered:

1. Introduction

2. Executive summary

3. Business Intelligence Market: Competitive Analysis
3.1. Market positioning of key business intelligence market vendors
3.2. Strategies adopted by business intelligence market vendors
3.3. Key industry strategies
3.4. Level analysis 2021 versus 2030

4. Business Intelligence Market: Macro Analysis and Market Dynamics
4.1. Introduction
4.2. Global Business Intelligence Market Value, 2020 – 2030, (US$ Million)
4.3. Market volatility
4.3.1. Market drivers
4.3.2. Market restrictions
4.3.3. Key challenges
4.3.4. Key opportunities
4.4. Analysis of the impact of drivers and restraints
4.5. See-through analysis

5. Business Intelligence Market: By Application, 2020-2030, USD (Million)
5.1. Market overview
5.2. Growth and Revenue Analysis: 2021 to 2030
5.3. Market segmentation
5.3.1. Network management and optimization
5.3.2. Operations management
5.3.3. Forecast property maintenance
5.3.4. Sales and marketing management
5.3.5. Supply chain optimization
5.3.6. Human resource management
5.3.7. others

6. Business Intelligence Market: By Enterprise Size, 2020-2030, USD (Million)
6.1. Market overview
6.2. Growth and Revenue Analysis: 2021 to 2030
6.3. Market segmentation
6.3.1. Small and medium business
6.3.2. Large enterprises

7. Business Intelligence Market: By Segment, 2020-2030, USD (Million)
7.1. Market overview
7.2. Growth and Revenue Analysis: 2021 to 2030
7.3. Market segmentation
7.3.1. platform
7.3.2. Service market
7.3.3. Managed service
7.3.4. Professional service
7.3.5. Software market

8. Business Intelligence Market: By Data Type, 2020-2030, USD (Million)
8.1. Market overview
8.2. Growth and Revenue Analysis: 2021 to 2030
8.3. Market segmentation
8.3.1. Semi-structured data
8.3.2. Structured data
8.3.3. Unstructured data

9. Business Intelligence Market: By Deployment, 2020-2030, USD (Million)
9.1. Market overview
9.2. Growth and Revenue Analysis: 2021 to 2030
9.3. Market segmentation
9.3.1. on the premises
9.3.2. Based on the cloud

10. Business Intelligence Market: By End User, 2020-2030, USD (Million)
10.1. Market overview
10.2. Growth and Revenue Analysis: 2021 to 2030
10.3. Market segmentation
10.3.1. Production
10.3.2. health care
10.3.3. Energy and utilities
10.3.4. BFSI
10.3.5. Transportation and distribution
10.3.6. IT and Telecom
10.3.7. retail
10.3.8. Media and entertainment
10.3.9. The government
10.3.10. Others (Hospitality)

11. North America Business Intelligence Market, 2020-2030, USD (Million)

12. UK and EU Business Intelligence Market, 2020-2030, USD (Million)

13. Asia Pacific Business Intelligence Market, 2020-2030, USD (Million)

14. Latin America Business Intelligence Market, 2020-2030, USD (Million)

15. Middle East and Africa Business Intelligence Market, 2020-2030, USD (Million)

16. Company profile
16.1. SAP
16.1.1. Company overview
16.1.2. Financial performance
16.1.3. Product portfolio
16.1.4. Strategic initiative
16.2. SAS Institute
16.2.1. Company overview
16.2.2. Financial performance
16.2.3. Product portfolio
16.2.4. Strategic initiative
16.3. IBM Corp
16.3.1. Company overview
16.3.2. Financial performance
16.3.3. Product portfolio
16.3.4. Strategic initiative
16.4. Microsoft Corporation
16.4.1. Company overview
16.4.2. Financial performance
16.4.3. Product portfolio
16.4.4. Strategic initiative
16.5. Oracle Inc
16.5.1. Company overview
16.5.2. Financial performance
16.5.3. Product portfolio
16.5.4. Strategic initiative

For more information about this report, visit https://www.researchandmarkets.com/r/8nor0h

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