The Business Intelligence and Analytics Platforms Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Business Intelligence and Analytics Platforms market. It provides a comprehensive evaluation of the global Business Intelligence and Analytics Platforms market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global Business Intelligence and Analytics Platforms market. It also focuses on both the global as well as the regional expansion of the Business Intelligence and Analytics Platforms industry to give an overall analysis.
The global business intelligence and analytics platforms market size is expected to reach USD 84.25 Billion at a revenue CAGR of 11.9% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of business intelligence and analytics platforms can be attributed to rising demand for rapid and precise analysis of business data. Business intelligence and analytics platforms allow businesses to use customized reports or templates to monitor Key Performance Indicators (KPIs) through several data sources, such as financial, sales marketing, and operations data.
Business Intelligence (BI) reports are prepared in real time to aid businesses to take accurate and fast data-backed decisions. These platforms generally deliver easy to comprehend visualizations, including graphs, charts, and tabular data presentations. Moreover, certain business intelligence and analytics platforms generate interactive reports to enable users to switch between different variables to derive a better understanding of key business metrics.
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Major companies in the market report include Microsoft Corporation, SAS Institute Inc., IBM Corporation, MicroStartegy Inc., Tableau Software LLC, Tibco Software Inc., Oracle Corporation, QlikTech International AB, SAP SE, and Hitachi Vantara Corporation.
Radical Highlights of the Business Intelligence and Analytics Platforms Market Report:
- Comprehensive overview of the Business Intelligence and Analytics Platforms market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Business Intelligence and Analytics Platforms market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
Some Key Highlights from the Report
- In January 2021, Information Builders, Inc. was acquired by Tibco Software Inc., a leading market player. The acquisition was intended to add data management and analytics competences of Information Builders to the Connected Intelligence platform of Tibco software.
- By platform type, advanced predictive analytics platform segment contributed to a significant revenue share in 2020. Predictive analytics is widely deployed in finance and insurance industry to generate reliable and precise visualization of customer data to aid with effective business decision making.
- By industry vertical, retail segment contributed to largest revenue share in 2020. Business intelligence and analytics platforms help retail firms to stay updated with prevailing market dynamics and gain detailed insights about how actual outcomes appear as compared to planned revenue by product, location, store, region, and several other factors.
Emergen Research has segmented the global business intelligence and analytics platforms market on the basis of platform type, organization size, mode of deployment, industry vertical, and region:
- Platform Type Outlook (Revenue, USD Billion; 2018–2028)
- Business Intelligence Platforms
- Advanced Predictive Analytics Platforms
- Corporate Performance Management (CPM) Suite
- Others
- Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprise
- Small Medium Sized Enterprises
- Mode of Deployment Outlook (Revenue, USD Billion; 2018–2028)
- Cloud-based
- On-Premises
- Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- IT Telecom
- Retail
- Healthcare
- Government
- Manufacturing
- Energy
- Media Entertainment
- Education
- Others
Key Points of Business Intelligence and Analytics Platforms Market:
- Extensive coverage of the analysis of the Business Intelligence and Analytics Platforms market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the Business Intelligence and Analytics Platforms market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Business Intelligence and Analytics Platforms market
- Complete data about the key manufacturers and vendors in the Business Intelligence and Analytics Platforms market
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