Business Intelligence Platform Market - Trends Forecast Till 2028

Business Intelligence Platform Market, by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-IT-BIPM-430

Format:  

Number of Pages: 357

Domain: IT & Telecom

Business Intelligence Platform Market – Trends Forecast Till 2028

The global Business Intelligence Platform market size is projected to reach USD 33.6 billion by 2026 at a CAGR of 7.9% from USD 23.5 billion in 2021 during the forecast period 2021-2028.

Business intelligence or BI is an AI based platform that collects, store and analyse the data in a business. It allows a company to design and create applications by giving them the capabilities of analysis, information and an integration platform. Companies use such platforms to get valuable insights from their collected data.

With the increased adoption of cloud and the recent growth in the data generation are some of the factors that have supported long-term expansion for Business Intelligence Platform Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With everything moving online wit the lockdown all across the borders has created the need for business intelligence platform. These have not just help to improvise the existing system but has also helped in digitalization of the sector.

Business Intelligence Platform Market Analysis

North America is expected to be the largest market during the forecast period. Owing to the advancements offered by business intelligence platform along with the extended use for sale, production and innovation have led to growth in the commercial refrigeration equipment in the region.

Business Intelligence Platform Market is segmented into Component, deployment mode, organization size, business function, industry vertical and geography.

On the basis of Component

  • Solutions
    • Dashboards and Scorecards
    • Data Integration and ETL
    • Reporting and Visualization
    • Query and Analysis
  • Services
    • Consulting
    • Deployment and Integration
    • Support and Maintenance

On the basis of Deployment Mode

  • Cloud
  • On-premises

On the basis of Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

On the basis of Business Function

  • Human Resource
  • Finance
  • Operations
  • Sales and Marketing

On the basis of Vertical

  • Retail
  • Manufacturing
  • Government and Public Services
  • Media and Entertainment
  • Transportation and Logistics
  • BFSI
  • Telecom and IT
  • Healthcare and Life Sciences
  • Tourism and Hospitality
  • Others (Real Estate, Education, and Energy and Utilities)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Business Intelligence Platform Market Primary Research

 

Key Players

  • IBM
  • Oracle
  • Microsoft
  • SAP
  • SAS 
  • Google
  • AWS 
  • Salesforce
  • MicroStrategy
  • Teradata
  • DOMO
  • TIBCO
  • Information Builders
  • Yellofin
  • Qlik
  • Board International
  • Infor
  • Dundas
  • Targit
  • Zoho
  • Vphrase
  • dotdata
  • Amlgo Lab
  • Pentation Analytics
  • Hitachi Vantar
  • Outlier
  • ConverSight AI
  • Element Data
  • Alteryx
  • ThpughtSpot

Recent Developments

  • In June 2020, IBM launched Watson Works was launched by IBM in order to deal with the challenges of returning back to workplaces. Watson Works is a set the of products that incorporate Watson AI model and applications so as to help companies access many aspects of the return-to-workplace challenge due to the prevalent lockdown conditions.
  • In June 2020, Microsoft join hands with SAS for extensive technology and go-to-market strategic partnership. As per the partnership, both companies will migrate SAS’ analytical products and industry solutions to Microsoft Azure as the preferred cloud provider for SAS Cloud.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Business Intelligence Platform market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 23.5 billion

Growth Rate

CAGR of 7.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

components, deployment modes, organization size, business functions, verticals and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

IBM, Oracle, Microsoft, SAP, SAS, Google, AWS, Salesforce, MicroStrategy, Teradata, DOMO, TIBCO, Information Builders, Sisense, Yellofin, Qlik, Board International, Infor, Dundas, Targit, Zoho, Vphrase, dotdata, Amlgo Labs, Pentation Analytics, Hitachi Vantara, Outlier, ConverSight AI, Element Data, Alteryx, and ThpughtSpot

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