Market by Enterprise Size, Delivery Mode, Functions, Verticals, and Geography | Forecast 2021-2028
Business intelligence (BI) helps leverage software and services that transform data into actionable insights, which would further help an organization’s strategic and tactical business decisions. As per Triton Market Research, the global market for business intelligence was valued at $16555.33 million in 2020, and is expected to reach $38487.13 million by 2028, growing at a CAGR of 11.11% during the forecasted period.
Triton’s report on the
business intelligence market provides an in-depth insight into the market. The
detailed analysis of the market includes key insights, Porter’s five forces
analysis, market attractiveness index, vendor scorecard, key strategies, key
impact analysis, and the impact of COVID-19 on the industry.
The market is driven by
several factors, such as the requirement for a customer-centric approach by
businesses, the effect of globalization on businesses, and the rise in the usage
of cloud systems. However, the reliance on real-time information and decision-making
has been increasing the use of data dashboards as well as visualizations. With
this rise in data dashboards, there is a simultaneous increase in the use of
business intelligence software to analyze the KPIs (key performance indicators)
in any organization.
Further, the growing trend for
big data analytics is anticipated to positively impact this market’s growth and
is expected to create quite many affluent opportunities for the studied market.
Business intelligence goes hand-in-hand with big data analytics and further
helps an organization in making decisions while being more data-driven.
The market has been negatively affected due to the emergence of open-source BI software. While looking at the higher costs involved in the BI software, inclusive of its requirement of investments for working, SMEs (small and medium enterprises) started relying more on open source BI software. A major drawback of this software is that it holds the power to sabotage the data along with the hardware. Factors such as the rising cost of investments and the lack of skilled personnel involved are also restricting the growth of the business intelligence market.
Key
geographies covered in the global business intelligence market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy,
Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, ASEAN
Countries, Australia & New Zealand, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab
Emirates, South Africa, and Rest of Middle East & Africa
The
segmentation analysis of the business intelligence market includes:
• Enterprise Size segment includes:
o Large Enterprise
o Small and Medium Enterprise
• Delivery Mode segment includes:
o On-premise
o Cloud
• Functions segment includes:
o Fraud Detection and Security
Management
o Predictive Asset Maintenance
o Sales and Marketing Management
o Supply Chain Optimization
o Network Management and Optimization
o Operations Management
o Workforce Management
o Other Functions
• Verticals segment includes:
o BFSI
o IT & Telecom
o Healthcare
o Retail
o Government
o Manufacturing
o Media & Entertainment
o Automotive and Logistics
o Energy and Power
o Other Verticals
The fragmented nature of the
global business intelligence market can be attributed to quite a large number
of well-established vendors that are continuously competing with each other.
The key players in the business intelligence market include Informatica, Teradata
Corporation, Domo Inc, Microsoft Corporation, Tableau Software Inc, SAS
Institute Inc, MicroStrategy Incorporated, Targit AS, GoodData Corporation,
VMware Inc, Cisco Systems Inc, International Business Machines Corporation, SAP
SE, Tibco Software Inc, and Oracle Corporation.
Market by Technology (Data ana ..
VIEW REPORT1. GLOBAL
BUSINESS INTELLIGENCE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE BUSINESS INTELLIGENCE INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. ASIA-PACIFIC
IS THE FASTEST-GROWING REGIONAL MARKET
2.2.2. ENERGY
& POWER HAS BEEN FORECASTED TO BE THE FASTEST-GROWING VERTICAL
2.2.3. PREDICTIVE
ASSET MAINTENANCE HAS BEEN FORECASTED TO BE THE FASTEST-GROWING FUNCTION
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
IMPACT ANALYSIS
2.6.1. SCALABILITY
2.6.2. ANALYTIC
TOOLS
2.6.3. DATA
MANAGEMENT
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
DEVELOPMENTS
2.7.3. CONTRACTS
& AGREEMENTS
2.7.4. INVESTMENTS
& EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. REQUIREMENT
FOR CUSTOMER-CENTRIC APPROACH BY BUSINESSES
2.8.2. EFFECT
OF GLOBALIZATION ON BUSINESSES
2.8.3. RELIANCE
ON REAL-TIME INFORMATION AND DECISION-MAKING
2.9. MARKET
CHALLENGES
2.9.1. HIGH
COST OF INVESTMENTS
2.9.2. LACK
OF SKILLED PERSONNEL
2.9.3. EMERGENCE
OF OPEN-SOURCE BI SOFTWARE
2.10. MARKET
OPPORTUNITIES
2.10.1. GROWING
TREND FOR BIG DATA ANALYTICS
2.10.2. EMERGENCE
OF MOBILE BUSINESS INTELLIGENCE
2.10.3. RISE
IN USAGE OF CLOUD SYSTEMS
3. GLOBAL
BUSINESS INTELLIGENCE MARKET OUTLOOK – BY ENTERPRISE SIZE
3.1. LARGE
ENTERPRISE
3.2. SMALL
AND MEDIUM ENTERPRISE
4. GLOBAL
BUSINESS INTELLIGENCE MARKET OUTLOOK – BY DELIVERY MODE
4.1. ON-PREMISES
4.2. CLOUD
5. GLOBAL
BUSINESS INTELLIGENCE MARKET OUTLOOK – BY FUNCTIONS
5.1. FRAUD
DETECTION AND SECURITY MANAGEMENT
5.2. PREDICTIVE
ASSET MAINTENANCE
5.3. SALES
AND MARKETING MANAGEMENT
5.4. SUPPLY
CHAIN OPTIMIZATION
5.5. NETWORK
MANAGEMENT AND OPTIMIZATION
5.6. OPERATIONS
MANAGEMENT
5.7. WORKFORCE
MANAGEMENT
5.8. OTHER
FUNCTIONS
6. GLOBAL
BUSINESS INTELLIGENCE MARKET OUTLOOK – BY VERTICALS
6.1. BFSI
6.2. IT
& TELECOM
6.3. HEALTHCARE
6.4. RETAIL
6.5. GOVERNMENT
6.6. MANUFACTURING
6.7. MEDIA
& ENTERTAINMENT
6.8. AUTOMOTIVE
AND LOGISTICS
6.9. ENERGY
AND POWER
6.10. OTHER
VERTICALS
7. GLOBAL
BUSINESS INTELLIGENCE MARKET – REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY ENTERPRISE SIZE
7.1.2. MARKET
BY DELIVERY MODE
7.1.3. MARKET
BY FUNCTIONS
7.1.4. MARKET
BY VERTICALS
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
BY ENTERPRISE SIZE
7.2.2. MARKET
BY DELIVERY MODE
7.2.3. MARKET
BY FUNCTIONS
7.2.4. MARKET
BY VERTICALS
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. SPAIN
7.2.5.5. ITALY
7.2.5.6. RUSSIA
7.2.5.7. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
BY ENTERPRISE SIZE
7.3.2. MARKET
BY DELIVERY MODE
7.3.3. MARKET
BY FUNCTIONS
7.3.4. MARKET
BY VERTICALS
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
& NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
BY ENTERPRISE SIZE
7.4.2. MARKET
BY DELIVERY MODE
7.4.3. MARKET
BY FUNCTIONS
7.4.4. MARKET
BY VERTICALS
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
BY ENTERPRISE SIZE
7.5.2. MARKET
BY DELIVERY MODE
7.5.3. MARKET
BY FUNCTIONS
7.5.4. MARKET
BY VERTICALS
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. SAUDI
ARABIA
7.5.5.3. TURKEY
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. CISCO
SYSTEMS INC
8.2. DOMO
INC
8.3. GOODDATA
CORPORATION
8.4. INFORMATICA
8.5. INTERNATIONAL
BUSINESS MACHINES CORPORATION
8.6. MICROSOFT
CORPORATION
8.7. MICROSTRATEGY
INCORPORATED
8.8. ORACLE
CORPORATION
8.9. SAP SE
8.10. SAS
INSTITUTE INC
8.11. TABLEAU
SOFTWARE INC
8.12. TARGIT
AS
8.13. TERADATA
CORPORATION
8.14. TIBCO
SOFTWARE INC
8.15. VMWARE
INC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: BUSINESS INTELLIGENCE
EXAMPLES
TABLE 4: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 7: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
BUSINESS INTELLIGENCE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
BUSINESS INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
BUSINESS INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
BUSINESS INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
BUSINESS INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 14: EUROPE BUSINESS
INTELLIGENCE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 15: EUROPE BUSINESS
INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)
TABLE 16: EUROPE BUSINESS
INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 17: EUROPE BUSINESS
INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 18: EUROPE BUSINESS
INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC
BUSINESS INTELLIGENCE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC
BUSINESS INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC
BUSINESS INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
BUSINESS INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC
BUSINESS INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 24: LATIN AMERICA
BUSINESS INTELLIGENCE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 25: LATIN AMERICA
BUSINESS INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $ MILLION)
TABLE 26: LATIN AMERICA
BUSINESS INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA
BUSINESS INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA
BUSINESS INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
TABLE 29: MIDDLE EAST AND
AFRICA BUSINESS INTELLIGENCE MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 30: MIDDLE EAST AND
AFRICA BUSINESS INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2021-2028 (IN $
MILLION)
TABLE 31: MIDDLE EAST AND
AFRICA BUSINESS INTELLIGENCE MARKET, BY DELIVERY MODE, 2021-2028 (IN $ MILLION)
TABLE 32: MIDDLE EAST AND
AFRICA BUSINESS INTELLIGENCE MARKET, BY FUNCTIONS, 2021-2028 (IN $ MILLION)
TABLE 33: MIDDLE EAST AND
AFRICA BUSINESS INTELLIGENCE MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS
INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY ENTERPRISE SIZE, 2020 & 2028 (IN %)
FIGURE 4: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY LARGE ENTERPRISE, 2021-2028 (IN $ MILLION)
FIGURE 5: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY SMALL AND MEDIUM ENTERPRISE, 2021-2028 (IN $ MILLION)
FIGURE 6: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY DELIVERY MODE, 2020 & 2028 (IN %)
FIGURE 7: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY ON-PREMISES, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY CLOUD, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY FUNCTIONS, 2020 & 2028 (IN %)
FIGURE 10: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY FRAUD DETECTION AND SECURITY MANAGEMENT, 2021-2028 (IN
$ MILLION)
FIGURE 11: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY PREDICTIVE ASSET MAINTENANCE, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY SALES AND MARKETING MANAGEMENT, 2021-2028 (IN $
MILLION)
FIGURE 13: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY SUPPLY CHAIN OPTIMIZATION, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY NETWORK MANAGEMENT AND OPTIMIZATION, 2021-2028 (IN $
MILLION)
FIGURE 15: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY OPERATIONS MANAGEMENT, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY WORKFORCE MANAGEMENT, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY OTHER FUNCTIONS, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY VERTICALS, 2020 & 2028 (IN %)
FIGURE 19: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY BFSI, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY IT & TELECOM, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY RETAIL, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY GOVERNMENT, 2021-2028 (IN $ MILLION)
FIGURE 24: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)
FIGURE 25: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY MEDIA & ENTERTAINMENT, 2021-2028 (IN $ MILLION)
FIGURE 26: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY AUTOMOTIVE AND LOGISTICS, 2021-2028 (IN $ MILLION)
FIGURE 27: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY ENERGY AND POWER, 2021-2028 (IN $ MILLION)
FIGURE 28: GLOBAL BUSINESS
INTELLIGENCE MARKET, BY OTHER VERTICALS, 2021-2028 (IN $ MILLION)
FIGURE 29: GLOBAL BUSINESS INTELLIGENCE
MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 30: UNITED STATES
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: CANADA BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: UNITED KINGDOM
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: GERMANY BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: FRANCE BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: SPAIN BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: ITALY BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: RUSSIA BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: REST OF EUROPE
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: CHINA BUSINESS INTELLIGENCE
MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: JAPAN BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: INDIA BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: SOUTH KOREA
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: ASEAN COUNTRIES
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 44: AUSTRALIA & NEW
ZEALAND BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 45: REST OF
ASIA-PACIFIC BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 46: BRAZIL BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 47: MEXICO BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 48: REST OF LATIN
AMERICA BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 49: UNITED ARAB
EMIRATES BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 50: SAUDI ARABIA
BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 51: TURKEY BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 52: SOUTH AFRICA BUSINESS
INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)
FIGURE 53: REST OF MIDDLE EAST
& AFRICA BUSINESS INTELLIGENCE MARKET 2021-2028 (IN $ MILLION)