NEWARK, Del, May 26, 2023 (GLOBE NEWSWIRE) -- The global business intelligence market size is predicted to surpass a valuation of US$ 28,216.8 million in 2023. It is anticipated to hit a valuation of US$ 56,200.9 million by 2033. The market is projected to thrive at a CAGR of 7.1% from 2023 to 2033.
The capabilities of business intelligence systems have been considerably improved by ongoing technological breakthroughs. Such as in cloud computing, big data analytics, artificial intelligence, and machine learning. Scalability, flexibility, and affordability are all features of cloud-based BI solutions that enable BI to be used by businesses of various sizes.
More advanced data analysis and predictive modeling are possible by AI-powered analytics tools and machine learning algorithms, enabling firms to find important patterns and insights.
Get an overview of the market from industry experts to evaluate and develop growth strategies. Get your sample report here @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14468
Organizations are aware that successfully utilizing data may provide them with a competitive advantage. Businesses may acquire a greater knowledge of their customers, markets, and operations by utilizing business intelligence tools to find hidden patterns, trends, and correlations in their data. These insights may be utilized to improve consumer experiences, find new market possibilities, optimize corporate strategy, and spur innovation.
Self-service analytics are now supported by business intelligence platforms, enabling users to access and evaluate data without relying heavily on IT or data analysts. Self-service BI technologies allow non-technical people to independently examine data, produce reports, and develop insights due to their easy user interfaces, drag-and-drop capabilities, and visualizations. Within enterprises, this movement has democratized data analytics and increased the user base of business intelligence.
The business intelligence system's more up-to-date sophisticated analytics and improved statistical support are also contributing to the market's expansion. Business intelligence technologies and machine learning aid corporate settings in problem-solving strategies and forecasting potential outcomes.
Additionally, this aids in streamlining internal corporate operations, boosting revenue development, and connecting technology. To improve processing, giving businesses an advantage over rival brands, thereby surging Business Intelligence market growth consistently.
Key Takeaways:
- The global business intelligence market size expanded at a CAGR of 5.0% from 2018 to 2022.
- In 2018, the global market size stood at US$ 21,962.1 million.
- The market size stood at US$ 26,745.8 million in 2022.
- In 2022, the solution segment captured 68.9% of market shares.
- The sales and marketing segment captured 42.3% shares in the global market.
- In 2022, the United States captured 19.4% shares in the global market.
- China held 8.3% shares in the global business intelligence industry in 2022.
- In 2022, the United Kingdom captured 6.7% shares in the global market.
Key Players:
- IBM
- Oracle
- Microsoft
- SAP
- Google
Speak to Our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-14468
Recent Developments Observed:
- Ramp announced its ambitions to provide new artificial intelligence technologies in May 2023. The business plans to introduce the new tools with a function that might ascertain whether a firm has overpaid for its software contracts.
- SoftLedger debuted a business intelligence dashboard with real-time data in December 2022. The purpose of this publication is to assist Chief Financial Officers (CFOs) in making tactical decisions for their company.
Market Segmentation:
By Component:
- Solution
- Dashboards and Scorecards
- Data Integration and ETL
- Reporting and Visualization
- Query and Analysis
- Service
- Consulting Services
- Deployment and Integration Services
- Support and Maintenance Services
By Organization Size:
- Large Enterprises
- SMEs
By Business Function:
- Human Resources
- Finance
- Operations
- Sales and Marketing
By Vertical:
- Retail
- Manufacturing
- Government and Public Services
- Media Entertainment
- Transportation and Logistics
- BFSI
- Telecom and IT
- Healthcare and Hospitality
By Deployment:
- On-premise
- Cloud
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
Expand operations in the future – ask for a customized report here @
https://www.futuremarketinsights.com/customization-available/rep-gb-14468
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2023 to 2033
Buy Now: https://www.futuremarketinsights.com/checkout/14468
Top Reports Related to Technology Market:
Social Business Intelligence Market Size: The deployment of social business intelligence solutions worldwide is estimated to be nearly US$ 17 Billion in 2017 and is projected to reach a market valuation of nearly US$ 29 Billion by 2026, reflecting a CAGR of 6% over the forecast period (2016 to 2026).
Embedded Business Intelligence Market Share: The market for embedded business intelligence is anticipated to be valued at US$ 25,600.0 Million in 2022, forecast to grow at a CAGR of 11.1% to be valued at US$ 73,244.0 Million from 2022 to 2032.
Cloud Business Email Market Trends: The global cloud business email market is expected to acquire a market value of nearly US$ 2.15 Billion, proliferating at a CAGR of 10.4% during the forecast period from 2017 to 2027.
Business Email Market Growth: The business email market is poised to witness a moderate CAGR of 5.9% through 2032. Over this projection period, the market share is estimated to reach a net worth of US$ 50,574.0 Million by 2032.
Business Process as a Service (BPaaS) Market Demand: Global business process-as-a-service (BPaaS) market demand is anticipated to be valued at US$ 55,542.7 Million in 2022, forecast to grow at a CAGR of 11.0% to be valued at US$ 157,505.5 Million from 2022 to 2032.
Business Analytics BPO Services Market Outlook: The business analytics BPO services market size is estimated to be valued at US$ 8 billion in 2023 and is expected to reach US$ 29 billion by 2033. The adoption of business analytics BPO services is likely to advance at a CAGR of 14% during the forecast period.
Business Cloud VoIP & UC Services Market Forecast: The global business cloud VoIP & UC services market is anticipated to secure US$ 17,255.4 Million in 2022 and US$ 51,224.2 Million by 2032.
Energy Intelligence Solution Market Overview: The global energy intelligence solution market size is expected to reach US$ 4.6 Billion in 2022 and US$ 6.1 Billion in 2032. It is estimated to showcase growth at a CAGR of 15.2% in the forecast period from 2022 to 2032.
Threat Intelligence Market Type: As per the latest threat intelligence market analysis by FMI, the market is expected to be worth US$ 11.6 Billion in 2023. Registering impressive growth at 16.9% CAGR from 2023 to 2033.
Enterprise Manufacturing Intelligence Market Analysis: The global enterprise manufacturing intelligence market size stood at US$ 4.0 billion in 2022. It is likely to surpass US$ 13.8 billion by 2032. A CAGR of 13.3% is estimated for the market from 2022 to 2032.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
