Software application developed to acquire, convert, analyze and report data for BI (business intelligence) are known as business intelligence and analytics software. Furthermore, these tools are used to read information that have already been stored, not necessarily in data mart. Besides this, the tool helps front line users to design reports as well as perform analytics, ensuring less dependency on information technology department. Rapid deployment, power data mining, performance management, ultimate optimization and curbing implementation challenges are some of benefits offered by business intelligence and analytics software..
The "Global Business Intelligence and Analytics Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the business intelligence and analytics software market with detailed market segmentation by type, deployment type, vertical and geography. The report provides key statistics on the market status of the leading business intelligence and analytics software market players and offers key trends and opportunities in the market.
- Based on type, the global business intelligence and analytics software market is segmented into business intelligence platform, content analytics, advance and predictive analytics, analytic data management, others
- On the basis of deployment type, the market is segmented into cloud deployment, on-premise deployment, hybrid deployment
- Based on vertical, the market is bifurcated into IT and telecom, BFSI, media and entertainment, manufacturing, healthcare and lifesciences, others
- Escalating Demand of Cloud-Based Deployment.
- Popularity of Mobile BI and Analytics.
- High Competition Across Businesses
- Budget Constraints in SMBS
- Lack of Skilled and Proficient Workforce
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The business intelligence and analytics software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the business intelligence and analytics software market in these regions.
IMPACT OF COVID-19 ON BUSINESS INTELLIGENCE AND ANALYTICS SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the business intelligence and analytics software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from business intelligence and analytics software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the business intelligence and analytics software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adobe Systems
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com, Inc.
- SAP AG
- SAS Institute, Inc.
- Tableau Software Inc.
- Teradata Corporation
- Tibco Software Inc.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.