The Self Service BI Global Market Report 2023, provides comprehensive information on the self service bi market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Self Service BI Global Market Report 2023, the market size is expected to grow from $8.72 billion in 2022 to $10.14 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the self-service bi is expected to grow to $18.35 billion in 2027 at a CAGR of 16.0%.
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Technological advancements are a key trend gaining popularity in the self-service market. Technical advancements in BI have become more valuable and essential than ever. The advanced BI solution helps in providing more refined data to businesses, enabling them to gauge customer needs and satisfaction through the analytics and insights provided by the business intelligence tool. Major companies in the self-service market are integrating new technologies such as AI and machine learning with BI solutions to strengthen their market position. Combining these advancements with automated technologies provides companies with improved problem-solving capabilities. For instance, in September 2020, Altizon Inc., a US-based system software company, launched Datonis BI for self-service manufacturing data analytics. It is a business intelligence platform for data exploration and analysis, hosted in the cloud. The platform integrates seamlessly with Altizon’s Datonis industrial IoT platform to provide a 360-degree view of key performance indicators (KPIs).
The self service bi market 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
North America was the largest region in the self service bi market in 2022.
The table of contents in TBRC’s self service bi market report 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. Self-Service BI Market Size And Growth
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26. Africa Self-Service BI Market
27. Self-Service BI Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Self-Service BI Market
29. Self-Service BI Market Future Outlook and Potential Analysis
30. Appendix
Top Majaor Players:
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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