The Self-Service BI by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In the dynamic landscape of business intelligence, The Business Research Company’s recent analysis unveils the remarkable trajectory of the Self-Service BI market. Projections indicate an impressive surge from $9.77 billion in 2024 to $11.24 billion, showcasing a robust compound annual growth rate (CAGR) of 15.0%. The historical upswing stems from the escalating prominence of data-driven decision-making, the escalating intricacy of business data, and the imperative for agile business intelligence. Notably, the ascent of business users as data consumers further propels this growth, emphasizing a paradigm shift towards user empowerment in data analysis.
The trajectory continues its upward trajectory into the foreseeable future, with the self-service BI market poised to burgeon to $20.7 billion by 2028, boasting a CAGR of 16.5%. This meteoric rise is underpinned by pivotal factors such as the pervasive integration of artificial intelligence and machine learning into self-service BI, augmented analytics adoption for heightened insights, and an intensified focus on data governance and security. Additionally, the expansion of self-service BI into cloud environments and the leveraging of natural language processing for querying and reporting underscore the evolving landscape.
A confluence of trends emerges in the forecast period, highlighting the industry’s evolution towards real-time data analytics with self-service BI, bolstered by mobile and collaborative features. Furthermore, integration with data preparation and wrangling tools, coupled with customization and personalization in self-service BI dashboards, solidifies its standing. Noteworthy is the increasing prevalence of self-service BI in embedded analytics for applications.
The rising adoption of cloud computing services in businesses is expected to boost the self-service BI market. Globally, companies have been adopting cloud-based operations in their business processes to enhance the scalability of internet-based database capabilities while lowering costs and risk. Self-service BI solutions use data insights to make decisions that assist organizations in meeting their objectives. Major business intelligence data is stored in the cloud to secure information and provide on-demand shared data and processing resources to computers connected to the internet. This increasing use of the cloud generates more businesses that are solved using self-service BI, which drives the growth of the self-service BI market forward. For instance, in November 2021, according to an O’Reilly survey, cloud adoption was increasing across industries, with 90% of organizations utilizing cloud computing. Furthermore, according to Gartner Inc., a management consulting firm, the global public cloud services market size is expected to grow 17% to $266.4 billion in 2020, up from $227.8 billion in 2019. Therefore, the adoption of cloud computing will drive the self-service BI market growth.
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The self-service bi market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Sales And Marketing, Customer Engagement And Analysis, Fraud And Security Management, Risk And Compliance Management, Predictive Asset Maintenance, Operations Management, Supply Chain Management And Procurement, Other Applications
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Retail And e-Commerce, Telecom And Information Technology, Government And Defense, Healthcare, Manufacturing, Media And Entertainment, Transportation And Logistics, Energy And Utilities, Other Industry Vertical
Top 5 Major Players:
- Microsoft Corporation
- The International Business Machines Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc
Within this transformative milieu, technological advancements assume a pivotal role, transcending the traditional boundaries of BI. The strategic integration of artificial intelligence and machine learning into BI solutions is becoming a hallmark for major companies in the self-service market. GEODIS, a prominent third-party logistics company, exemplifies this trend with the launch of Analytics Interactive in collaboration with Yellowfin BI. This cutting-edge technology empowers GEODIS and its clientele to gain real-time insights into their supply chain dynamics. The customized dashboards and reports offered by Analytics Interactive not only enhance efficiency but also exemplify a forward-looking approach, ensuring that GEODIS remains responsive to customer needs. As businesses increasingly rely on BI solutions infused with advanced technologies, the landscape of self-service BI is poised for sustained growth and innovation.
The self-service bi market report table of contents includes:
1. Executive Summary
2. Self-Service BI Market Characteristics
3. Self-Service BI Market Trends And Strategies
4. Self-Service BI Market – Macro Economic Scenario
5. Global Self-Service BI Market Size and Growth
…..
31. Global Self-Service BI Market Competitive Benchmarking
32. Global Self-Service BI Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Self-Service BI Market
34. Self-Service BI Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Self-Service BI Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Self-Service BI Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Self-Service BI Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Microsoft Corporation Financial Performance
Table 76: The International Business Machines Corporation. Financial Performance
Table 77: Oracle Corporation. Financial Performance
Table 78: SAP SE Financial Performance
Table 79: SAS Institute Inc. Financial Performance
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