Business Intelligence Market [CAGR of 6.4%] Share, Size, Trends and Growth Rate From 2022 To 2028
Global Business Intelligence Market Overview
Business Intelligence Market size is projected to reach USD 36.79 Billion by 2028 from an estimated USD 23.83 Billion in 2021, growing at a CAGR of 6.4% globally.
In order to assist businesses in making better data-driven decisions, business intelligence (BI) is a collection of tools and approaches that integrates business analytics, data mining, data visualisation, data tools and infrastructure, and best practises. By presenting recent and historical data in the context of a company's operations, business intelligence can help businesses make better decisions. Business intelligence can be used by analysts to give performance and competitive benchmarks, enhancing the effectiveness of the firm. Market trends will be easier for analysts to spot, which will help them boost profits or sales. The right data, when used properly, can assist with everything from compliance to employment initiatives.
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Players Covered in Business Intelligence Market are:
· IBM
· Zoho
· Oracle
· SAP
· Salesforce
· Yellofin
· SAS
· Google
· AWS
· MicroStrategy
· DOMO
· TIBCO
· Information Builders
· Teradata
· Sisense
· Board International
· Microsoft
· Amlgo Labs
· Infor
· Targit
· Dundas
· Qlik
· Vphrase and other major players.
Market Segmentation
Business Intelligence Market Segment by Deployment, Estimates, and Forecast by 2028
Cloud, On-Premise
Business Intelligence Market Segment by Applications, Estimates, and Forecast by 2028
Supply Chain Analytic Applications, CRM Analytic Applications, Financial Performance, Strategy Management, Production Planning Analytic Operations
Regional Analysis for COVID-19 Outbreak-Global Corporate Wellness Market:
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
· MEA (Saudi Arabia, UAE, South Africa)
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Recent Industry Developments in Business Intelligence Market
· In July 2021, through self-service data preparation and augmented analytics, Zoho Corporation has introduced its new Business Intelligence (BI) Platform, an AI-driven data analytics solution that enables enterprises to surface precise and actionable insights. Pre-built visual dashboards, complete data connectors, data preparation, augmented and embedded BI, security and privacy capabilities, multiple deployment models (cloud or on-premise), and scalability are all included in Zoho's BI Platform.
· In January 2022, Idera Inc announced the acquisition of Yellowfin International Pty Ltd, an industry-leading, turnkey analytics, and BI solution platform provider. This acquisition will enable Idera's customers to integrate Yellowfin's product into proprietary applications and gather data without disrupting the end-user experience, unlocking immediate ROI.
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