BI Software Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s BI Software Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 3, 2022 /EINPresswire.com/ -- 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, can be accessed via internet hosted on the vendor’s servers to aid efficient connectivity of devices. BI software global market trends include cloud-based BI software which benefit the companies with its cost effectiveness and low investment as no additional hardware costs are involved, short implementation time and others. According to International Data Corporation (IDC), 50% of the IT infrastructure spending on cloud based tools and for efficient data storage grew by 60-70% in 2020.

TBRC’s BI software market forecast shows that an increase in data-driven projects will aid market growth due to a substantial rise in the demand for real time analytics in the historic period. According to 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 the business intelligence software along with CRM software for predicting the purchasing behavior of the customers.

Read more on the Global BI Software Market Report:
https://www.thebusinessresearchcompany.com/report/bi-software-global-market-report

The global BI software market size is expected to grow from $32.73 billion in 2021 to $39.74 billion in 2022 at a compound annual growth rate (CAGR) of 20.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The BI software market is expected to reach $75.46 billion in 2026 at a CAGR of 17.7%.

In October 2020, Tibco Software acquired Information Builders Inc., for an undisclosed amount. With this acquisition the Tibco’s aims is to augment its connected intelligence platform to address customers end-to-end data management and business analytics needs. Information Builders Inc., founded in 1975 is a leading player in business analytics headquartered in New York.

Major players covered in the global BI software industry 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.

TBRC’s global BI software market report is segmented by deployment into on-premise, on-cloud, by application into BFSI, telecom, IT, retail and consumer goods, healthcare and life sciences, manufacturing, by type into unstructured data, semi-structured data, structured data.

BI Software Global Market Report 2022 – By Deployment (On-Premise, On-Cloud), By Application (BFSI, Telecomm, IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing), By Type (Unstructured Data, Semi Structured Data, Structured Data) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a BI software market overview, forecast BI software market size and growth for the whole market, BI software market segments, BI software market geographies, BI software market trends, BI software market drivers, BI software market restraints, BI software market leading competitors’ revenues, profiles, and BI software market shares.

Request for a Sample of the Global BI Software Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3814&type=smp

Not what you were looking for? Here is a list of similar reports by The Business Research Company:

Business Analytics And Enterprise Software Global Market Report 2022 – By Type (ERP Software, BI Software, CRM Software, SCM Software, Other Software), By End-User Industry (IT and Telecommunications, BFSI, Manufacturing, Retail, Healthcare, Education, Media), By Deployment Model (On-Demand/Cloud, On-Premise) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/business-analytics-enterprise-software-global-market-report

Business Process as a service (BPaaS) Global Market Report 2022 – By Process Type (HRM, Accounting & Finance, Sales & Marketing, Customer service support, Procurement and Supply Chain, Operations), By End Users (Banking, financial service, & insurance (BFSI), Telecom & IT, Manufacturing, Ecommerce Retail, Healthcare, Governments), By Deployment service Type (SAAS, PAAS, IAAS), By Stream (BPO, BPA, BPM) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/business-process-as-a-service-global-market-report

Artificial Intelligence Services Global Market Report 2022 – By Technology (Machine Learning, Computer Vision, Natural Language Processing (NLP)), By Services Type (Managed Services, Professional Services), By Software Tools (Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage), By Application Type ( Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Risk Management, Compliance & Security ), By End-user (Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare ) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-services-global-market-report

About The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://bit.ly/3b7850r
Twitter: https://bit.ly/3b1rmjS
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.