Business Intelligence Market to Reach $26.8 Billion by 2021 - Driven by the Growth of Advanced Analytics & Adoption of Data-Driven Decision Making - Research and Markets
DUBLIN, Mar 22, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Business Intelligence Market - Global Forecast to 2021" report to their offering.
The Business intelligence market size is expected to grow from USD 17.09 Billion in 2016 to USD 26.88 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The major growth drivers of the BI market include increasing adoption of cloud, growth of advanced analytics, adoption of data-driven decision making, and emergence of Internet of Things (IoT)-enabled technologies.
The BI market is segmented by platforms, software, and services. The services segment is expected to grow at the highest CAGR during the forecast period, out of which the consulting services subsegment in the professional services segment is projected to witness the highest demand due to the growing need of BI solutions across organizations.
The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to hold the largest share of the BI market in 2016. The Business intelligence market growth in the BFSI vertical is fueled by the growing need to simplify the workload related to security and the increasing dependence on data generated from various Information Technology (IT) systems used for the financial transactions. The manufacturing vertical is expected to grow at the highest CAGR during the forecast period, due to the increasing need to store and manage data coming from various connected manufacturing devices.
The BI market is segmented by data type into structured, unstructured, and semi-structured data types. The unstructured data type is expected to grow at unprecedented levels with the proliferation of IoT devices, smart cities, sensors, and cameras. Capturing unstructured data and generating insights from this data will eventually help enterprises to uncover customer shopping patterns and detect trends that will help them to serve customers in a better way.
Companies Mentioned:
- Information Builders
- International Business Machines Corporation
- Microstrategy, Inc.
- Oracle Corporation
- Panorama
- Pentaho (A Hitachi Company)
- Qlik Technologies
- SAP SE
- SAS Institute
- Sisense Inc.
- Tableau Software
- Tibco Software
- Yellowfin International Pty Ltd
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Business Intelligence Market Analysis, By Component
8 Business Intelligence Market Analysis, By Data Type
9 Business Intelligence Market Analysis, By Organization Size
10 Business Intelligence Market Analysis, By Application
11 Business Intelligence Market Analysis, By Deployment Model
12 Business Intelligence Market Analysis, By Industry Vertical
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
16 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/qrjfvj/business
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SOURCE Research and Markets
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