Global Business Intelligence (BI) Market Research Report 2022

Market Analysis and Insights: Global Business Intelligence (BI) Market
Business intelligence software is an important tool or application used by organizations to analyze data and make improved real-time market decisions. Traditionally, business intelligence was used only for reporting, designing dashboards, and resolving queries. Its goal was to track key business performance and metrics.
The global Business Intelligence (BI) market size is projected to reach US$ 35380 million by 2028, from US$ 24000 million in 2021, at a CAGR of 5.6% during 2022-2028.
During 2017 the cloud-based social intelligence solutions segment accounted for almost 70% of the total share of the market and dominated the industry. Cloud-based solutions come with a regular minimal payment and eliminates the need for making a large one-time investment and also the periodic expenses for maintenance and updates. Predictable expenses, no requirement of a powerful local server, minimal requirement of skilled personnel, and free upgrades are additional benefits that will induce more businesses to prefer hosted business intelligence solutions in the next few years.

The enterprises segment dominated the social business intelligence market during 2017. This segment includes several industries such as retail, IT, BFSI, healthcare, and telecommunication. These industries use business intelligence for predictive analysis as it helps them in segmenting products and services based on the preference of their customers. The higher adoption of business intelligence software by SMEs, the rise in a number of online retail customers, and the favorable government policies in the healthcare and BFSI industries will drive the growth of this market segment.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Business Intelligence (BI) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Business Intelligence (BI) market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Business Intelligence (BI) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Business Intelligence (BI) market.
Global Business Intelligence (BI) Scope and Market Size
Business Intelligence (BI) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Business Intelligence (BI) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
On-premises
Cloud
Segment by Application
Individuals
SMEs
Large Enterprises
Government Organizations
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
SAP
SAS Institute
Oracle
IBM
Kyubit Solutions
Adobe Systems
Microsoft
Zoho
ChristianSteven Software
Enerpact
MicroStrategy
Qlik
Yellowfin
Adaptive Insights
TABLEAU SOFTWARE
Hitachi Vantara
Birst
TIBCO Software
GoodData
Domo Technologies
MITS
Looker Data Sciences
Salesforce.com
TIBCO Software
ThoughtSpot
ClearStory Data
FanRuan
TARGIT