Business Intelligence and Analytics Market to Rise at CAGR of 11.2% During Forecast Period, Notes Emergen Research Study
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Growing demand for real-time data-driven decision-making solutions and rising need to identify customer behavior across various industries and sectors
VANCOUVER, BC, CANADA, May 23, 2022 /EINPresswire.com/ -- New Research Study “Business Intelligence and Analytics Market 2020 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook“has been added to Emergen Research
The global business intelligence and analytics market is forecast to reach USD 60.49 Billion by 2027, according to a current analysis by Emergen Research. During the forecast period, the global business intelligence and analytics market is projected to expand significantly in terms of revenue due to growing demand for real-time data-driven decision-making solutions.
Besides, rising need to identify customer behavior across various industries and sectors is expected to further fuel global business intelligence and analytics market growth during the forecast period. Furthermore, increasing adoption of search-driven analytics to prepare reports will propel revenue growth of the global business intelligence and analytics market growth to a significant extent in the near future. Search-driven analytics is a paradigm to build charts and reports using web search style; also, it can incorporate natural language processing.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled in the Report are:
SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc., and Qlik Technologies Inc.
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Key Highlights of Report
Among the process type segments, the online analytical processing (OLAP) segment is expected to register a significant CAGR of 11.3%, due to growing adoption of OLAP processing-built business intelligence and analytics solutions in various industries and sectors, since OLAP comprises analytical queries, reporting, and decision support.
Due to rapid adoption of cloud technologies by end-users, the modern channel data delivery segment is expected to account for comparatively higher revenue share than other data delivery segments during the forecast period. This can be attributed to significantly high demand for cloud-hosted business intelligence and analytics solutions, which offer streamlined data exchange.
Based on application, the business management segment is expected to lead in terms of revenue contribution to the global business intelligence and analytics market due to increasing implementation of business intelligence and analytics solutions in order to optimize business performance with efficient planning, budgeting, accounting, and forecasting.
Due to growing demand for data visualization approach for report preparation in the financial services sector, the financial services segment among the end-use segments is expected to account for largest market share in the global business intelligence and analytics market during the forecast period.
Market Dynamics:
The report offers insightful information about the market dynamics of the Business intelligence and analytics market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Business intelligence and analytics market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Business intelligence and analytics market.
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Emergen Research has segmented the global business intelligence and analytics market on the basis of process type, data delivery, application, end-use, and region.
Process Type Outlook (Revenue, USD Billion; 2020–2027)
Online Transactional Processing (OLTP)
Online Analytical Processing (OLAP)
Data Delivery Outlook (Revenue, USD Billion; 2020–2027)
Traditional channels
Web portal
Web app
File Transfer Protocol (FTP)
Modern channels
Cloud hosting
Social sharing
Application Outlook (Revenue, USD Billion; 2020–2027)
Business management
Performance management
Strategic planning
Process intelligence
Competitive intelligence
IT management
App analytics
Web analytics
Security management
Sales & Marketing
Customer behavior analysis
Campaign management
CRM
Targeted marketing
Inventory management
Human resource
Talent management
HR analytics
Supply chain & Logistics
Shipping & inventory control
Supplier & vendor management
Sports and games analytics
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Business intelligence and analytics market expected to boost the growth of the industry in the coming years.
Radical Highlights of the Business intelligence and analytics Market Report:
Comprehensive overview of the Business intelligence and analytics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Business intelligence and analytics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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