Information Communication and Technology Reports Business Intelligence Industry Research Report

Business Intelligence (BI) market is expected to grow from USD 17.09 Billion in
2016 to USD 26.88 Billion by 2021, at a CAGR of 9.5% from 2016 to 2021
According to a new market research report " Business Intelligence Market by Type (Platform, Software, Service),
Data type (Unstructured, Semi-Structured, Structured), Business Application, Organization Size, Deployment
Model, Industry Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, The global
Business Intelligence (BI) market is estimated to grow from USD 17.09 Billion in 2016 to USD 26.88 Billion by 2021,
at a Compound Annual Growth Rate (CAGR) of 9.5%.
BI helps business users access business data and perform queries to generate insights. It equips business users
with easy-to-use data exploration, data preparation, appropriate analytics, and data visualization tools &
techniques.
Browse and in-depth TOC on “Business Intelligence Market”
89 - Tables
46 - Figures
167 - Pages
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Major Key Companies:
Key players in the market include Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Tableau (US), SAS Institute
(US), Qlik (US), MicroStrategy (US), Information Builders (US), TIBCO Software (US), Pentaho (US), Yellowfin
(Australia), Sisense (US), and Panorama (Canada). These players are increasingly undertaking mergers and
acquisitions, and product launches to develop and introduce new technologies and products in the market.
Industry Segmentation:
The BI market is segmented by platforms, software, and services. The services segment is expected to grow at the
highest CAGR between 2016 and 2021. Out of services, the consulting services subsegment in the professional
services segment is projected to witness the highest demand due to the growing need of BI solutions across
organizations.
The BI and analytics portfolio is witnessing a huge market growth owing to its potential and the benefits it
guarantees to the customers. Modern BI product portfolios are customized to the requirements of different
categories of users, such as application developers and business users that include business executives, data
analysts, and data scientists. BI platforms cater to application developers enabling them to develop, deploy, and
execute BI solutions. BI software are pre-built BI applications that deliver traditional BI capabilities from data
ingestion and preparation to generation of business insights. The software category caters to business users such
as business executives, data analysts, and data scientists and can be customized to fit the requirement criteria of
the users. BI services complement the BI product provided by a company to its customers to facilitate and ensure
smooth and efficient BI delivery.
Business Intelligence Market in APAC is expected to grow at the highest CAGR during the forecast period. Factors
such as rapid economic developments, globalization, foreign direct investments, digitalization, and increased
adoption of high-end technologies are driving the impressive growth in the APAC region. Many Asian countries are