Business Intelligence Market Is Estimated To Expand At a Healthy CAGR in the Upcoming Forecast 2026

Lenore Staats

The MarketWatch News Department was not involved in the creation of this content. Aug 24, 2020 (AmericaNewsHour) — Kenneth Research released a report on Business Intelligence Market that consists detailed analysis and industry insights for the forecast period, i.e.  2020-2026. On the basis of analysis of the market value and […]

The MarketWatch News Department was not involved in the creation of this content.

Aug 24, 2020 (AmericaNewsHour) —
Kenneth Research released a report on Business Intelligence Market that consists detailed analysis and industry insights for the forecast period, i.e.  2020-2026. On the basis of analysis of the market value and calculation of the CAGR during the forecast period, the latest trends and business opportunities in the market are discussed in the report. Backed by the growing advancements in the ICT industry, especially in the field of internet of technology (IoT) and artificial intelligence (AI), along with the advancements that support the basic backbone of the overall ICT industry, the Business Intelligence Market is projected to grow with a modest CAGR during the forecast period, i.e. 2020-2026.

Download Sample of This Strategic Report: https://www.kennethresearch.com/report-details/business-intelligence-market/10307110

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years.

The emergence of Big Data and the growing need to make critical business decisions within a compressed time-period, business intelligence (BI) and analytics have gained market share in the last decade. Research suggests that this trend will increase steadily with time, the advancement of technology, and growing investments. Business Intelligence (BI) is a set of methodologies, processes, architecture designed, and technologies which can transform raw input facts into useful and meaningful information which can be used to allow more effective tactical, strategic, and operational insights and aid in decision-making.

We realize that the rise of an analytics-driven industry isn’t exactly breaking news these days, but you may be wondering what these forecasts can mean for you and your business. With BI software leading the way in helping businesses make better-informed decisions, here are a few points worth noting, based on new market insights and input from some key thought leaders in the BI space. Let’s take a closer look at the BI market and what you need to know to keep your business up to date with the trends this year.

The Business Intelligence market in North America is expected to hold the largest share by 2026 owing to its technical advancement in business management analytics for their sales, production, and innovation. Some of the major business intelligence software cover executive information systems, decision support systems, management information systems, geographic information systems, online analytical processing, multidimensional analysis, and customer relationship management. Most of the major players involved in the advancement of these systems are headquartered in North America. On the other hand, the Asia-Pacific market is anticipated to be the fastest-growing region for the Business Intelligence market. Increasing technological advancement and increasing manufacturing segments in the respective countries has increased the demand for business intelligence in the Asia Pacific. Also, the increasing demand and market for IOT and big data have also provided a more accurate and reliable advantage to the business intelligence market.

The major players in the market are as follows:
IBM Corporation, SAP SE, Oracle CorporationInformation , Builders, Pentaho (A Hitachi Company), Tableau Software, Sisense Inc., Microstrategy, Inc., Panorama.

Market Segmantation
Business Intelligence Market Research By Component
*Platform
*Software
*Services

By Data Type
*Unstructured
*Semi-structured
*Structured

By Service
*Managed services
*Professional services
oConsulting services
oDeployment and integration
oSupport and maintenance

By Application
*Predictive asset maintenance
*Fraud detection and security management
*Supply chain optimization
*Network management and optimization
*Workforce management

By Regional Ananlysis
North America
*U.S.
*Canada

Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe

Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific

Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM

Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA

The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.

Reasons to Purchase this Report
* Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
* Provision of market value (USD Billion) data for each segment and sub-segment
* Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
* Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each   region
* Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and   acquisitions in the past five years of companies profiled
* Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

Request For Full Report: https://www.kennethresearch.com/report-details/business-intelligence-market/10307110

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research
Email: [email protected]
Phone: +1 313 462 0632

The post Business Intelligence Market Is Estimated To Expand At a Healthy CAGR in the Upcoming Forecast 2026 appeared first on America News Hour.

COMTEX_369930038/2606/2020-08-24T07:27:26

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Bishakh Som Discusses the Very Personal Process of Writing SPELLBOUND

In her graphic memoir Spellbound, Bishakh Som blurs the mundane and the fantastic—the facts and the truth—in the story of how she wrote her first graphic novel. Through mirrored protagonists—herself, Bishakh, a Bengali American trans woman, and Anjali, her cisgendered stand-in—Som tells a story about creativity, process, identity, and self-love. […]