Published On : 06 Sep 2016
A recent report added to the research report database of QYResearchReports.com presents a detailed analysis of the key aspects and forces working impacting the development of the global business intelligence (BI) market. The report is titled “Global Business Intelligence (BI) Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.”
The report presents a thorough analytical overview of the past and present state of the market and, with the help of present data, trends, competition, and regulatory framework, gives a forward-looking perspective of the way the market will develop over the course of the next few years. Along with qualitative and qualitative details pertaining to the market’s key elements, an overview of the chief macro and micro economic factors that will enable companies in the market surmount competition are also examined in great details.
The global business intelligence market is gaining pace and businesses have started understanding the benefits of analytics in the present day highly dynamic business environment. The market has witnessed several important developments over the past few years, with mounting volumes of business data and the shift from traditional data analysis platforms to self-service business analytics being some of the most prominent ones.
Vendors in the global business intelligence market are increasingly introducing business intelligence solution that allow businesses to work with data collected from a number of diverse sources. As businesses gain more confidence about the reliability of data-driven decisions undertaken by software solutions in real time, self-service business analytics solutions will gain more prominence in the global business intelligence market in the next few years.
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As analytics have become an intrinsic part of every business activity and role, business intelligence solutions form a central role in the decision-making process of companies these days. In the next few years, the demand for business intelligence solutions is expected to substantially rise globally, enabling healthy growth of the global business intelligence market.
Of the key modes of deployment of business intelligence solutions, the cloud segment is expected to witness expansion at a tremendous pace in the near future. Cloud-based business intelligence solutions, owing to their flexible and economic nature, have seen huge success, especially with small- and medium-sized enterprises.
On the basis of geography, the report examines the market for business intelligence across regions such as North America, Europe, Asia Pacific, Middle East, and Latin America. Of these, North America is presently the dominant regional market and Asia Pacific is the fastest growing regional market.
The report also presents a thorough overview of the competitive landscape of the global business intelligence market and the detailed business profiles of the market’s notable players. Some of the key vendors operating in the global business intelligence market are Pyramid Analytics, Salient Management Company, Panorama Software, Information Builders, MicroStrategy, Board International, Actuate, SAS Institute, Yellowfin, SAP, Microsoft, and Oracle, and IBM.