Business Intelligence Analytics Market Scope
Business intelligence and analytics is a tool which analyze, optimize and manage exponential surge in data and streamline the business process of organizations. All these functions with single console helps organizations to evaluate right data at right time to analyze changing customer preferences and monitor performance of resources. Hence all the industry vertical are adopting this tool. and Customized solutions to fulfill need of specific department or process is driving the market. In addition, increasing applications in healthcare, media and entertainment and others, increasing adoption of cloud, growth of advanced analytics, evolving big data and emergence of location and social based business intelligence analytics will grow the market potentially for the forecasted period.
According to AMA, the Global Business Intelligence Analytics market is expected to see growth rate of 8.2%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Business Intelligence Analytics market throughout the predicted period.
IBM Corporation (United States), Information Builders Inc. (United States), Microsoft Corporation (United States), Micro Strategy (United States), Oracle Corporation (United States), SAS Institute, Inc. (United States), Tableau Software, Inc. (United States) and Tibco Software (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 SAP AG (Germany) and Qlik Technologies, Inc. (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 total available market.
Segmentation Overview
The study have segmented the market of Global Business Intelligence Analytics market and Region with country level break-up.
On the basis of geography, the market of Business Intelligence Analytics 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).
Market Trend
- Rising Adoption of Location Based Business Intelligence
- Rising Acceptance of Mobile Business Intelligence and Analytics
Market Drivers
- Rising Demand for Cloud-Based Deployment
- Availability of Customized Business Intelligence and Analytics Solutions
Opportunities
- Emerging Social Business Intelligence and Analytics Market
- Developing Big Data
Restraints
- High Cost Associated with business intelligence analytics services
Challenges
- Complexity Involved in the Business Intelligence Analytics Process
Key Target Audience
BFSI, Energy and Power, Education, Government, Healthcare, Media and Entertainment, Manufacturing, Retail, IT and Telecom, Industry Experts, Professional Service Providers, Government organizations, Research Organizations and Consulting Companies, Market Research and Consulting Firms and Others