Market opportunities, industry trends and forecasts for Business Intelligence and Analytics up to 2027
The global business intelligence and analytics market is projected to reach $ 60.49 billion by 2027
SURREY, BRITISH COLUMBIA, BRITISH COLUMBIA, December 12, 2021 /EINPresswire.com/ –
According to a recent analysis by Emergen Research, the global business intelligence and analytics market is projected to reach $ 60.49 billion by 2027. The latest research report encompasses a comprehensive analysis of the micro and macroeconomic indicators influencing global market development in the forecast period 2020-2027. The partnership will also allow GoodData to focus on interactive self-service analytics, user interfaces and data visualizations, and expand customer service to address complex data management, cybersecurity and privacy issues. Due to the increasing adoption of business intelligence and analytics solutions based on OLAP processing in various industries and sectors, as OLAP includes analytical queries, reporting and decision support. During the forecast period, the global Business Intelligence and Analytics Market is expected to grow significantly in terms of revenue due to the increasing demand for data-driven, real-time decision making solutions. In addition, the increasing adoption of search-driven analytics to generate reports will greatly fuel the revenue growth of the global business intelligence and analytics market growth in the near future. It also includes strategies from prominent players such as mergers and acquisitions, product launches, and branding. The growing demand for real-time, data-driven decision-making solutions and the increasing need to identify customer behavior in various industries and sectors are factors driving the growth of the business intelligence and analytics market.
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The partnership will strengthen Visa’s focus on access to knowledge and analytics to help Visa customers understand the impact and effectiveness of key decisions. Business Intelligence and Analytics market size – USD 27.20 billion in 2019, market growth rate – at a CAGR of 11.2%, market trends – increase in the adoption of search-driven analytics to generate analytical reports. Due to the rapid introduction of cloud technologies by end users, it is expected that the segment of modern channel data provision will account for a comparatively higher share of sales in the forecast period than other data provision segments. This is due to the considerably high demand for cloud-hosted business intelligence and analytics solutions that enable optimized data exchange. The global health crisis has affected almost every aspect of the industry and has led to massive disruptions in the global business intelligence and analytics market Demand and Supply Chains The current trends of the business intelligence and analytics market combined with a variety of growth opportunities, main drivers, restraints, challenges and other critical aspects have been vividly detailed in the Business Intelligence and Analytics market report. Based on the application, the business management segment is expected to change due to the increasing use of business intelligence and analytics solutions to optimize business performance through efficient planning, budgeting, accounting and forecasting.
Key market players include SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc. and Qlik Technologies Inc.
Emergen Research has segmented the global business intelligence and analytics market by process type, data delivery, application, end use, and region.
Process Type Outlook (Revenue, USD Billion; 2020-2027)
Online transaction processing (OLTP)
Analytical online processing (OLAP)
End Use Outlook (Revenue, $ Billion; 2020-2027)
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Table of contents highlights:
1. Report overview
1.1 Scope of research
1.2 Important market segments for business intelligence and analytics
1.3 main actors
1.4 Market analysis by product
1.5 Market Analysis by Application
1.6 Report timeline
2. Global growth trends
2.1 Global Business Intelligence and Analytics Market Size
2.2 Latest market trends for business intelligence and analytics
2.3 Key growth trends
3. Competitive landscape
3.1 Major Global Players in Business Intelligence and Analytics Market
3.2 Global size of business intelligence and analytics by manufacturer
3.3 Products from major players
3.4 Barriers to Entry into the Business Intelligence and Analytics Market
3.5 Mergers, Acquisitions, Joint Ventures and Strategic Alliances
Key questions of the report:
What are the key drivers for the global business intelligence and analytics market?
Who are the most important manufacturers in this market segment?
Who are the distributors, dealers and dealers in this market?
What market opportunities and risks will affect the performance of providers in the global business intelligence and analytics market?
What are the sales and sales estimates of the top manufacturers in this market in the forecast period?
Read more: https://www.emergenresearch.com/industry-report/business-intelligence-and-analytics-market
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