Business
Intelligence (BI) Market Increasing usage of records analytics, elevating
penetration of cloud technology, and developing dependency on statistics in selection
making are the factors fuelling the market increase. Similarly, increasing
adoption of Business Intelligence (BI) in small and medium-sized companies is
fostering the marketplace boom. Alternatively, excessive capital investments,
restricted range of skilled team of workers are the restraints limiting the
marketplace boom.
Unstructured
Data segment is expected to dominate the global Business Intelligence (BI) Market
with higher CAGR owing to increasing adoption of data analytics and growing
market for IoT devices. Among the applications, Banking, Financial Services,
and Insurance (BFSI) is the largest contributor of the total market revenue in
2015 due to increasing digital financial transactions across the globe. North
America is projected to be the leading markets in terms of market size, during
the forecast period. Asia Pacific is expected to witness high growth rate
during the forecast period. Growing adoption of technologies and rapid economic
growth in emerging countries are boosting the market growth in Asia Pacific
region.
Some of the
key players in global Business Intelligence (BI) Market include Information
Builders, International Business Machines Corporation, Data watch, Microsoft
Corporation, Microstrategy, Inc., Oracle Corporation, Panorama, Pentaho (A
Hitachi Company), Qlik Technologies, SAP SE, SAS Institute, Sisense Inc.,
Tableau Software, Tibco Software, and Yellowfin International Pty Ltd.
Unstructured
Data segment is expected to dominate the global business intelligence market
with higher CAGR owing to increasing adoption of data analytics and growing
market for IoT devices. Among the applications, Banking, Financial Services,
and Insurance (BFSI) is the largest contributor of the total market revenue in
2015 due to increasing digital financial transactions across the globe. North
America is projected to be the leading markets in terms of market size, during
the forecast period. Asia Pacific is expected to witness high growth rate
during the forecast period. Growing adoption of technologies and rapid economic
growth in emerging countries are boosting the market growth in Asia Pacific
region.
Mobile
business intelligence (BI) is the ability to access BI-related data such as
KPIs, business metrics, and dashboards on mobile devices. The concept of mobile
BI dates back to the early 1990s when mobile phone use first began to become
widespread. Early advocates of mobile BI immediately grasped the potential of
mobile phones to simplify the distribution of business-critical data to mobile
or remote workers. However, it wasn't until the advent of the smartphone that
mobile BI began to generate widespread attention.
Data Types Covered in Business
Intelligence (BI) Market:
Structured Data
Semi-Structured
Data
Unstructured
Data
Components Covered:
Software
Platform
Services
Managed
Services
Professional
Services
Deployment Models Covered in Business
Intelligence (BI) Market:
On-Demand
On-Premises
Technologies Covered:
Cloud BI
Traditional
BI
Social BI
Mobile BI
Applications Covered in Business
Intelligence (BI) Market:
Operations
Management
Network
Management and Optimization
Predictive
Asset Maintenance
Sales and
Marketing Management
Some of the
key players in global Business Intelligence (BI) Market include Information
Builders, International Business Machines Corporation, Data watch, Microsoft
Corporation, Microstrategy, Inc., Oracle Corporation, Panorama, Pentaho (A
Hitachi Company), Qlik Technologies, SAP SE, SAS Institute, Sisense Inc.,
Tableau Software, Tibco Software, and Yellowfin International Pty Ltd.
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