Global Business Intelligence (BI) and Analytics Platforms Market 2020-2024: Size, Share, Outlook, and Opportunity

·5-min read

The business intelligence (BI) and analytics platforms market is expected to grow by USD 12.62 billion, progressing at a CAGR of almost 10% during the forecast period.

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Technavio has announced its latest market research report titled Global Business Intelligence (BI) and Analytics Platforms Market 2020-2024 (Graphic: Business Wire)

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The rising need to improve business efficiency is one of the major factors propelling market growth. However, factors such as rising data privacy and security concerns will hamper the market growth.

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Business Intelligence (BI) And Analytics Platforms Market: End-user Landscape

The BFSI sector is expected to deploy business intelligence and analytics solutions for detecting and reducing financial fraud, measuring credit risk, and retaining valuable customers.

Business Intelligence (BI) And Analytics Platforms Market: Geographic Landscape

North America was the largest business intelligence and analytics platforms market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing healthcare sector and the significant amount of data produced in North America will significantly drive BI and analytics platforms market growth in this region over the forecast period. 36% of the market’s growth will originate from North America during the forecast period. The US is a key market for business intelligence and analytics platforms market in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

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Companies Covered:

  • Hitachi Ltd.

  • International Business Machines Corp.

  • Microsoft Corp.

  • MicroStrategy Inc.

  • Oracle Corp.

  • QlikTech international AB

  • SAP SE

  • SAS Institute Inc.

  • Tableau Software LLC

  • TIBCO Software Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

  • Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • BFSI - Market size and forecast 2019-2024

  • Healthcare - Market size and forecast 2019-2024

  • ICT - Market size and forecast 2019-2024

  • Government - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Hitachi Ltd.

  • International Business Machines Corp.

  • Microsoft Corp.

  • MicroStrategy Inc.

  • Oracle Corp.

  • QlikTech international AB

  • SAP SE

  • SAS Institute Inc.

  • Tableau Software LLC

  • TIBCO Software Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005857/en/

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