Business Intelligence (BI) Software Market Scope
Business intelligence (BI) software is a set of tools used by businesses to retrieve, analyze, and transform data into useful business insights. Examples of business intelligence (BI) tools comprise data visualization, data warehousing, dashboards, and reporting. In contrast to competitive intelligence, business intelligence (BI) software pulls from internal data that the business produces, rather than from outside sources.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Business Intelligence (BI) Software market throughout the predicted period.
SAP (Germany), Tableau Software (United States), SAS (United States), Microsoft (United States), IBM (United States), Sisense (United States), Looker (United States), Infragistics, Inc. (United States), GrapeCity Inc. (Japan), Zoho (India) and Qualtrics (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 Connexica (United Kingdom), Advanced Systems Concepts, Inc. (United States), Yellowfin (Australia), Qlik (United States), Infor (United States), Domo Inc. (United States), GoodData (United States) and iDashboards (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 (BI) Software market and Region with country level break-up.
On the basis of geography, the market of Business Intelligence (BI) 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).
Market Leaders and their expansionary development strategies
On 19 Feb 2020, iDashboards, the data visualization software company has recently released their latest update, iDashboards v10.2 with significant enhancements and a wide array of new features. New features include updated chart designer, live previews, new chart options, among others.
On 28 March 2019, Domo, provider of the leading cloud-based operating system for business, announced it has been recognized as a 2019 Top Rated Business Intelligence by TrustRadius, a B2B review platform.
Market Trend
- An Emergence of Artificial Intelligence and Machine Learning
- The Growing Cloud-Based Deployments
Market Drivers
- Use of Business Intelligence Software across Business Departments
- The Ability Of A BI Solution To Help Produce Better Business Decisions Via Timely, Accurate And More Comprehensive Analysis Of Available Corporate Information Assets
- More and More Organizations Are Turning To Data Driven Decision Making To Address The Challenges Of Complex Business Decisions
Opportunities
- The Growing Adoption of BI Software among the Developing Countries
Restraints
Key Target Audience
Business Intelligence (BI) Software Key Companies, Regulatory & Government Bodies, Potential Technology Investors, End Users and Others