Business Intelligence (BI) involves processes, tools and technologies needed to change information (data) into actionable insights that drive profitable business action. BI incorporates data warehousing, knowledge management and business analytics. It creates a series of customer analytical applications to identify and understand customer requirements. The need to gain real-time, reliable, forward looking, and actionable insight from their data, has forced several organizations to deploy business intelligence, which gives the market the much desired growth push.
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Business intelligence tools are extremely useful in the analysis and retrieval of great volume of discrete data. The escalating adoption of data analytics by several organizations across the globe is a major factor to drive the adoption of business analytics tools. Business intelligence market is dominated by North America in 2015 due to its high adoption rate of novel technology and sophisticated IT industry in the region. Asia Pacific is predicted record high-growth over the near future on account of rapid industrialization and rising number of start-ups with focus on smartphone application development.
Numerous advantages like risks and threats identification, improve and measure workplace productivity by employee, increase profit share, operational and supply chain efficiencies. These tools can be deployed using on-premise or cloud deployments. By deployment segment, the on-premise segment acquired majority of share of around 86% of share in 2015. Software is installed on the server of an enterprise which needs more protection and is highly secure and easy to manage.
This report includes competitive landscape and Porter’s Five Forces model analysis for the business intelligence market. The study incorporates study of market attractiveness where product segments are assessed depending on their development rate, market size, and attractiveness in general.
Browse the full “Global Business Intelligence Market by Cloud BI, Mobile BI, and Other Deployments: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” report at https://www.zionmarketresearch.com/report/business-intelligence-market
The study provides a decisive view on the business intelligence market by segmenting the market on the basis of technology and deployments. All the technology and deployment segments have been assessed depending on present and future trends and the market is analyzed from 2015 to 2021. This segmentation includes business intelligence demand based on individual deployments in all the regions and countries. Key deployment segments covered under this study are cloud, on-premises BI and others. The regional segmentation includes the current and estimated demand for Asia Pacific, North America, Middle East and Africa, Europe, and Latin America,
The report covers detailed competitive overview including the company share and profiles of the well-known participants operating in the global market. Major companies profiled in this study include Oracle, Microstrategy, Microsoft, IBM, GoodData, Targit, SAS, and Tableau Software.