Embedded Business Intelligence Software Market Scope
The incorporation of self-service business intelligence software into widely used business applications is referred to as embedded business intelligence. Some embedded business intelligence applications expand functionality to mobile devices, ensuring that the dispersed workforce has the same access to the same BI for better real-time communication. With real-time analytics, visualization, and immersive reporting, business intelligence tools support an improved user experience in enterprise applications. Embedded business intelligence and analytics are being adopted by software vendors to improve their overall operational performance, and ROI is becoming a major driving force in the embedded business intelligence industry. Another significant factor driving the market's positive growth is the widespread adoption of web-based and cloud-based BI. Organizations are constantly on the lookout for hidden values in the vast amounts of data they obtain. Data-driven decision-making aids workers in making well-informed decisions, allowing businesses to outperform their competitors.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BDO USA, LLP (United States), Microsoft Corporation (United States), IBM Corporation (United States), SAP SE (Germany), SAS Institute (United States), Oracle Corporation (United States), MicroStrategy Incorporated (United States), Tableau Software (United States), TIBCO Software (United States) and QlikTech International (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Embedded Business Intelligence Software market throughout the predicted period.
BDO USA, LLP (United States), Microsoft Corporation (United States), IBM Corporation (United States), SAP SE (Germany), SAS Institute (United States), Oracle Corporation (United States), MicroStrategy Incorporated (United States), Tableau Software (United States), TIBCO Software (United States) and QlikTech International (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Birst (United States) and Logi Analytics (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Embedded Business Intelligence Software market by Type and Region with country level break-up.
On the basis of geography, the market of Embedded Business Intelligence Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
July 2020 – BDO USA, announced the launch of Athenagy, its proprietary business intelligence platform for legal professionals. This first-of-its-kind solution provides the legal department with transparency and critical insight throughout the litigation lifecycle.
May 2020 – Microsoft Corporation has released new Power BI embedded analytics developer samples. These new samples were created to assist developers in quickly getting up and running in a variety of programming languages and frameworks, as well as provide examples of REST API calls from various programming languages. and July 2020 – BDO USA, announced the launch of Athenagy, its proprietary business intelligence platform for legal professionals. This first-of-its-kind solution provides the legal department with transparency and critical insight throughout the litigation lifecycle.
Influencing Trend:
Increasing Adoption of Mobile BI and Big Data Analytics and Rising Growth in Data Generation
Market Growth Drivers:
Growing Demand for Advanced Analytical Techniques for Business Data, Rising Number of Data Driven Organizations and Increasing Demand to Integrate Analytics Into Business Applications
Challenges:
Lack of Specifically Skilled Workforce in Organisations and End user Complications
Restraints:
High Initial Cost and Data Privacy and Security Issues
Opportunities:
Rising Need to Create Valuable Insights from Unused Data and Embedded Business Intelligence
Key Target Audience
Solution vendors, Technology Providers, Original equipment manufacturers, System integrators, Advisory firms, Venture capitalists, Private equity groups and Others