BI and Analytics Market Overviews
BI and Analytics Market size was valued at USD 134.53 Billion in 2023 and the BI and Analytics total revenue is expected to grow by 9.1 % from 2024 to 2030, reaching nearly USD 247.51 Billion
The global Business Intelligence (BI) and Analytics market is experiencing consistent growth, largely driven by the increasing demand for real-time data analysis and the rising adoption of cloud computing technology across various industries. Additionally, the rapid development of new technologies, such as stream mining, in-database analytics, and in-memory analytics, which provide real-time insights for fraud detection and customer interactions, is expected to further propel market growth. The growing consumer preference for Internet of Things (IoT) devices, which generate substantial amounts of real-time data, is also contributing to the expansion of the market. Furthermore, the increasing demand for performance enhancement features from organizations is anticipated to boost the growth of the BI and Analytics market.
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BI and Analytics Market Scope and Methodology:
The integration of various analytics software, Master Data Management (MDM), business intelligence, big data, and analytics applications poses a significant challenge in this industry, presenting potential restraints that hinder the overall growth of the global market. However, advancements in technology and the increasing adoption of cloud-based solutions across multiple sectors—due to their cost-effectiveness and quick implementation—offer promising opportunities for growth, particularly in emerging markets. Despite these prospects, certain constraints, such as rising data security concerns and a shortage of skilled professionals, are limiting market expansion. Additionally, integration remains a critical challenge for vendors operating in the business intelligence and analytics space.
BI and Analytics Market Regional Insights
Europe held the major share of the global BI and analytics market in 2023, followed by North America. These regions are expected to retain their positions during the forecast period. The presence of major Bl and analytics solution providers in the U.S. and the presence of SMEs in Europe are driving the BI market share held by these regions. The rise in the adoption of BI tools to organize, analyze, and contextualize business data and make timely and informed decisions among different industry verticals is estimated to propel the demand for business analytics and business intelligence solutions in Europe. Demand for cloud-based BI and analytics solutions in North America is also expected to boost the business intelligence market size.
BI and AnalyticsMarket Segmentation
The global business intelligence market is segmented based on deployment insights into On-premise and Cloud options. The Cloud segment is anticipated to dominate the market revenue share, driven by its ability to enable businesses to manage BI applications by outsourcing the underlying infrastructure. This approach helps companies reduce operating costs, enhance productivity, and optimize operational timeframes. Consequently, the cloud deployment segment is projected to experience rapid growth. Meanwhile, the On-premise deployment option is also expected to maintain a substantial revenue share throughout the forecast period.
BI and Analytics Market Key Players
Seasky Medical
Becton Dickinson
Baxter
B. Braun Melungeon
Terumo
Gerresheimer
Cardinal Health
Novo Nordisk
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Key questions answered in the BI and Analytics Market are:
- What is BI and Analytics ?
- What was the BI and Analytics market size in 2023?
- What is the growth rate of the BI and Analytics Market?
- Which are the factors expected to drive the BI and Analytics market growth?
- What are the different segments of the BI and Analytics Market?
- What growth strategies are the players considering to increase their presence in BI and Analytics ?
- What are the upcoming industry applications and trends for the BI and Analytics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the BI and Analytics Market?
- Who are the leading companies and what are their portfolios in BI and Analytics Market?
- What segments are covered in the BI and Analytics Market?
- Who are the key players in the BI and Analytics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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