The global business intelligence and analytics market is forecast to reach USD 60.49 Billion by 2027, according to a current analysis by Emergen Research. Among the process type segments, the online analytical processing (OLAP) segment is expected to register a significant CAGR of 11.3%, due to growing adoption of OLAP processing-built business intelligence and analytics solutions in various industries and sectors, since OLAP comprises analytical queries, reporting, and decision support. During the forecast period, the global business intelligence and analytics market is projected to expand significantly in terms of revenue due to growing demand for real-time data-driven decision-making solutions. Besides, rising need to identify customer behavior across various industries and sectors is expected to further fuel global business intelligence and analytics market growth during the forecast period. Search-driven analytics is a paradigm to build charts and reports using web search style; also, it can incorporate natural language processing. BUSINESS INTELLIGENCE AND ANALYTICS Market Size – USD 27.20 Billion in 2019, Market Growth – at a CAGR of 11.2%, Market Trends – Rise in adoption of search-driven analytics to generate analysis reports.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. Growing demand for real-time data-driven decision-making solutions and rising need to identify customer behavior across various industries and sectors are factors driving business intelligence and analytics market growth. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape. However, high cost of business intelligence and analytics solutions is expected to remain a major and probable restraint to growth of the global business intelligence and analytics market for a few years. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
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Key Market Participants Include SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc., and Qlik Technologies Inc.
Emergen Research has segmented the global business intelligence and analytics market on the basis of process type, data delivery, application, end-use, and region.
Process Type Outlook (Revenue, USD Billion; 2020–2027)
Online Transactional Processing (OLTP)
Online Analytical Processing (OLAP)
End-use Outlook (Revenue, USD Billion; 2020–2027)
Education
Healthcare
Manufacturing
Telecommunication
Information Technology
Retail
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Business Intelligence and Analytics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Business Intelligence and Analytics market size
2.2 Latest Business Intelligence and Analytics market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Business Intelligence and Analytics market key players
3.2 Global Business Intelligence and Analytics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Business Intelligence and Analytics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key questions addressed in the report:
What are the key factors driving the global Business Intelligence and Analytics market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Business Intelligence and Analytics market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
Read More: https://www.emergenresearch.com/industry-report/business-intelligence-and-analytics-market
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