The global bi software market will grow from $40.78 billion in 2022 to $48.74 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The bi software market is expected to grow to $93.83 billion in 2027 at a CAGR of 17.8%.
The business intelligence (BI) software market includes revenues earned by entities by developing and distributing software that enables users to project information, visualize data, derive insights, improve business operations and make strategic business decisions. The components of business intelligence are source data, data warehouse, and online analytical processing (OLAP), visualizations, dashboards, and extract, transform, load (ETL) processes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
Business Intelligence (BI) software is a combination of tools designed to find, organize, consolidate, analyze, and present complex data in understandable reports for insights.
North America was the largest region in the business intelligence software market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence software (BI software)report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of BI software are structured data, unstructured data, and semi-structured data. Structured data BI software ingests large amounts of unstructured data from various sources and transforms into actionable insights. The different modes of deployment include cloud-based, and on-premise, and are used by various sectors such as BFSI, telecom, IT, retail and consumer goods, health and life sciences, and manufacturing.
An increase in data-driven projects aids BI software market growth due to a substantial rise in the demand for real-time analytics. According to the International Data Group (IDG) prediction, 69% of the businesses are planning or implementing data-driven projects in order to enhance production and sales, better decision making, strategic planning of business, and others. Companies in the industry are using nosiness intelligence software in order to predict consumer behavior and engagement with their products and services. For instance, Starbucks started using business intelligence software along with CRM software for predicting the purchasing behavior of customers.
Companies in the end-user industries are increasingly adopting cloud-based business intelligence tools in order to enhance security, access from anywhere online, and benefit from the advantages of economies of scale. The cloud-based BI software is a virtual network, that can be accessed via the internet hosted on the vendor’s servers to aid efficient connectivity of devices. Cloud-based BI software benefit the companies with its cost-effectiveness and low investment as no additional hardware costs are involved, short implementation time and others. According to study published by Flexera, the USA-based computer software company, in August 2021, more than 50% of enterprises are spending between $1.2 million and $2.4 million, and 38% of enterprises are spending more than $2.4 million on cloud technologies.
European Union has implemented a regulation called GDPR to impact business Intelligence software market with principles on data protection, data minimization, data retention, and confidentiality. This regulation emphasizing on securing and safeguarding the consumer data, allows only minimum amount of personal data and restricts the access to extract complete data. The rules on the areas of storage limitation, data minimization might affect the BI software market in terms of analysis and accuracy.
In May 2021, EPAM Systems, the USA-based provider of custom software solutions, acquired Just-BI BV, a Netherlands-based provider of business intelligence software for an undisclosed amount. The acquisition by EPAM Systems is focused on expanding its comprehensive portfolio of data and analytics services.
The countries covered in the business intelligence software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The business intelligence software (BI software) market research report is one of a series of new reports that provides business intelligence software (BI software) market statistics, including business intelligence software (BI software) industry global market size, regional shares, competitors with a business intelligence software (BI software) market share, detailed business intelligence software (BI software) market segments, market trends and opportunities, and any further data you may need to thrive in the business intelligence software (BI software) industry. This business intelligence software (BI software) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the business intelligence software market are Microsoft BI, IBM Congnos, SAP, SAS, Oracle BI, Micro Strategy, Qlik, Tableau, Sisense, Domo, Yellowfin BI, Pentaho, Jaspersoft, Style Intelligence, Board, Clear Analytics, Looker, Birst, TIBCO, BIRT, Good data, Thought spot, Target BI, Panorama Software, and Actuate.
This product will be delivered within 3-5 business days.
The business intelligence (BI) software market includes revenues earned by entities by developing and distributing software that enables users to project information, visualize data, derive insights, improve business operations and make strategic business decisions. The components of business intelligence are source data, data warehouse, and online analytical processing (OLAP), visualizations, dashboards, and extract, transform, load (ETL) processes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
Business Intelligence (BI) software is a combination of tools designed to find, organize, consolidate, analyze, and present complex data in understandable reports for insights.
North America was the largest region in the business intelligence software market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence software (BI software)report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of BI software are structured data, unstructured data, and semi-structured data. Structured data BI software ingests large amounts of unstructured data from various sources and transforms into actionable insights. The different modes of deployment include cloud-based, and on-premise, and are used by various sectors such as BFSI, telecom, IT, retail and consumer goods, health and life sciences, and manufacturing.
An increase in data-driven projects aids BI software market growth due to a substantial rise in the demand for real-time analytics. According to the International Data Group (IDG) prediction, 69% of the businesses are planning or implementing data-driven projects in order to enhance production and sales, better decision making, strategic planning of business, and others. Companies in the industry are using nosiness intelligence software in order to predict consumer behavior and engagement with their products and services. For instance, Starbucks started using business intelligence software along with CRM software for predicting the purchasing behavior of customers.
Companies in the end-user industries are increasingly adopting cloud-based business intelligence tools in order to enhance security, access from anywhere online, and benefit from the advantages of economies of scale. The cloud-based BI software is a virtual network, that can be accessed via the internet hosted on the vendor’s servers to aid efficient connectivity of devices. Cloud-based BI software benefit the companies with its cost-effectiveness and low investment as no additional hardware costs are involved, short implementation time and others. According to study published by Flexera, the USA-based computer software company, in August 2021, more than 50% of enterprises are spending between $1.2 million and $2.4 million, and 38% of enterprises are spending more than $2.4 million on cloud technologies.
European Union has implemented a regulation called GDPR to impact business Intelligence software market with principles on data protection, data minimization, data retention, and confidentiality. This regulation emphasizing on securing and safeguarding the consumer data, allows only minimum amount of personal data and restricts the access to extract complete data. The rules on the areas of storage limitation, data minimization might affect the BI software market in terms of analysis and accuracy.
In May 2021, EPAM Systems, the USA-based provider of custom software solutions, acquired Just-BI BV, a Netherlands-based provider of business intelligence software for an undisclosed amount. The acquisition by EPAM Systems is focused on expanding its comprehensive portfolio of data and analytics services.
The countries covered in the business intelligence software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The business intelligence software (BI software) market research report is one of a series of new reports that provides business intelligence software (BI software) market statistics, including business intelligence software (BI software) industry global market size, regional shares, competitors with a business intelligence software (BI software) market share, detailed business intelligence software (BI software) market segments, market trends and opportunities, and any further data you may need to thrive in the business intelligence software (BI software) industry. This business intelligence software (BI software) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the business intelligence software market are Microsoft BI, IBM Congnos, SAP, SAS, Oracle BI, Micro Strategy, Qlik, Tableau, Sisense, Domo, Yellowfin BI, Pentaho, Jaspersoft, Style Intelligence, Board, Clear Analytics, Looker, Birst, TIBCO, BIRT, Good data, Thought spot, Target BI, Panorama Software, and Actuate.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Business Intelligence Software Market Characteristics
3. Business Intelligence Software Market - Macro Economic Scenario
3.1 COVID-19 Impact On Business Intelligence Software Market
3.2 Ukraine-Russia War Impact On Business Intelligence Software Market
3.3 Impact Of High Inflation On Business Intelligence Software Market
4. Business Intelligence Software Market Size And Growth
4.1. Global Business Intelligence Software Historic Market, 2017 - 2022, $ Billion
4.1.1. Drivers Of The Market
4.1.2. Restraints On The Market
4.2. Global Business Intelligence Software Forecast Market, 2022-2027F, 2032F, $ Billion
4.2.1. Drivers Of The Market
4.2.2. Restraints On the Market
5. Business Intelligence Software Market Segmentation
5.1. Global Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
- On-Premise
- On-Cloud
- BFSI
- Telecomm
- IT
- Retail and Consumer Goods
- Healthcare and Life sciences
- Manufacturing
- Unstructured Data
- Semi Structured Data
- Structured Data
6.1. Global Business Intelligence Software Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
6.2. Global Business Intelligence Software Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
7. Asia-Pacific Business Intelligence Software Market
7.1. Asia-Pacific Business Intelligence Software Market Overview
7.2. Asia-Pacific Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
7.3. Asia-Pacific Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
8. China Business Intelligence Software Market
8.1. China Business Intelligence Software Market Overview
8.2. China Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F,$ Billion
8.3. China Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F,$ Billion
9. India Business Intelligence Software Market
9.1. India Business Intelligence Software Market Overview
9.2. India Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
9.3. India Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
10. Japan Business Intelligence Software Market
10.1. Japan Business Intelligence Software Market Overview
10.2. Japan Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
10.3. Japan Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
11. Australia Business Intelligence Software Market
11.1. Australia Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
11.2. Australia Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
12. Indonesia Business Intelligence Software Market
12.1. Indonesia Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
12.2. Indonesia Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
13. South Korea Business Intelligence Software Market
13.1. South Korea Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
13.2. South Korea Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
14. Western Europe Business Intelligence Software Market
14.1. Western Europe Business Intelligence Software Market Overview
14.2. Western Europe Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
14.3. Western Europe Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
15. UK Business Intelligence Software Market
15.1. UK Business Intelligence Software Market Overview
15.2. UK Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
15.3. UK Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
16. Germany Business Intelligence Software Market
16.1. Germany Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
16.2. Germany Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
17. France Business Intelligence Software Market
17.4. France Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
17.5. France Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
18. Eastern Europe Business Intelligence Software Market
18.1. Eastern Europe Business Intelligence Software Market Overview
18.2. Eastern Europe Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
18.3. Eastern Europe Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
19. Russia Business Intelligence Software Market
19.1. Russia Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
19.2. Russia Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
20. North America Business Intelligence Software Market
20.1. North America Business Intelligence Software Market Overview
20.2. North America Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
20.3. North America Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
21. USA Business Intelligence Software Market
21.1. USA Business Intelligence Software Market Overview
21.2. USA Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
21.3. USA Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
22. South America Business Intelligence Software Market
22.1. South America Business Intelligence Software Market Overview
22.2. South America Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
22.3. South America Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
23. Brazil Business Intelligence Software Market
23.1. Brazil Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
23.2. Brazil Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
24. Middle East Business Intelligence Software Market
24.1. Middle East Business Intelligence Software Market Overview
24.2. Middle East Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
24.3. Middle East Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
25. Africa Business Intelligence Software Market
25.1. Africa Business Intelligence Software Market Overview
25.2. Africa Business Intelligence Software Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
25.3. Africa Business Intelligence Software Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
26. Business Intelligence Software Market Competitive Landscape And Company Profiles
26.1. Business Intelligence Software Market Competitive Landscape
26.2. Business Intelligence Software Market Company Profiles
26.2.1. Microsoft BI
26.2.1.1. Overview
26.2.1.2. Products and Services
26.2.1.3. Strategy
26.2.1.4. Financial Performance
26.2.2. IBM Congnos
26.2.2.1. Overview
26.2.2.2. Products and Services
26.2.2.3. Strategy
26.2.2.4. Financial Performance
26.2.3. SAP
26.2.3.1. Overview
26.2.3.2. Products and Services
26.2.3.3. Strategy
26.2.3.4. Financial Performance
26.2.4. SAS
26.2.4.1. Overview
26.2.4.2. Products and Services
26.2.4.3. Strategy
26.2.4.4. Financial Performance
26.2.5. Oracle BI
26.2.5.1. Overview
26.2.5.2. Products and Services
26.2.5.3. Strategy
26.2.5.4. Financial Performance
27. Key Mergers And Acquisitions In The Business Intelligence Software Market
28. Business Intelligence Software Market Trends And Strategies
29. Business Intelligence Software Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Business Intelligence (BI) Software Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on business intelligence (bi) software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered
1) By Deployment: On-Premise; On-Cloud2) By Application: BFSI; Telecomm; IT; Retail and Consumer Goods; Healthcare and Life sciences; Manufacturing
3) By Type: Unstructured Data; Semi Structured Data; Structured Data
Companies Mentioned: Microsoft BI; IBM Congnos; SAP; SAS; Oracle BI
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Microsoft BI
- IBM Congnos
- SAP
- SAS
- Oracle BI
- Micro Strategy
- Qlik
- Tableau
- Sisense
- Domo
- Yellowfin BI
- Pentaho
- Jaspersoft
- Style Intelligence
- Board
- Clear Analytics
- Looker
- Birst
- TIBCO
- BIRT, Good data
- Thought spot
- Target BI
- Panorama Software
- Actuate
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 48.74 billion |
| Forecasted Market Value ( USD | $ 93.83 billion |
| Compound Annual Growth Rate | 17.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
