Global Business Intelligence Market: Increasing Demand for Data Analytics by Enterprises to Boost Growth

Published On : 09 Aug 2016 announces the addition of a new research report, titled “Global Business Intelligence (BI) Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.” This report provides a detailed understanding of the global business intelligence market by presenting the key dynamics impacting the development of the market. A perspective on the top opportunities as well as trends in the market for business intelligence also forms a key part of this study. Furthermore, insights have also been provided into the vendor landscape of the market, highlighting the prominent vendors operating in this market and their top contributions in the market. 

The first section of the study presents an overview of the business intelligence industry. In this section, the specifications and definition of business intelligence have been presented. In addition, the classification and applications of business intelligence also form an integral part of this study. Business intelligence (BI) is a technology-driven process utilized to evaluate data and provide actionable information to aid business managers and corporate executives in making better business decisions. 

The top benefits of BI include speeding up of the decision making process and thus enhancing operational efficiency in order to gain a competitive edge over other business firms. Furthermore, a number of BI systems also help organizations in spotting business issues that need to be addressed and in developing indicator patterns for identifying the top upcoming opportunities. 

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In the following section of the report, the segmentation of the global business intelligence market has been presented. In terms of technology, the market can be segmented into social BI, cloud BI, mobile BI, and traditional BI. By deployment, the global business intelligence market can be categorized into cloud BI and on-premise BI.

In the next section of the study, the key factors fuelling and restraining the growth of the market have been presented. The impact of these factors on the growth of the market has been presented in detail in this section of the study. The increasing demand for data analytics by enterprises globally is a prime factor fuelling the growth of the global business intelligence market. In addition, the integration of business intelligence with social media is a key opportunity seen in the market. On the other hand, the skyrocketing costs of implementation may hinder the growth of this market. 

Geographically, the market for business intelligence is segmented into the U.S., Europe, Japan, and China. The consumption analysis of business intelligence in all these areas has been presented in the report. Moving further, the competitive landscape of the market has been examined in the report. This section details the top companies operating in the global business intelligence market and studies these companies on attributes such as company profile, product specifications and pictures, price, revenue, cost, and contact information. IBM, Oracle, SAP, Microsoft, SAS Institute, Actuate, Board International, MicroStrategy, and Pyramid Analytics, among others, are the prominent companies in the market, as stated in this study.


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