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Business Intelligence Platform Market Worth $14,218.6 Million by 2019


News provided by

MarketsandMarkets

Jan 22, 2015, 10:30 ET

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DALLAS, January 22, 2015 /PRNewswire/ --

According to a new market research report, "Business Intelligence Platform Market by Deployment (Cloud, On-Premise), by Industry (Healthcare, Retail, Government, BFSI, Telecom & IT, Media & Entertainment, Education, Energy & Power, Manufacturing, Others) - Global Forecasts to 2019", published by MarketsandMarkets, The overall Business Intelligence Platform Market size is expected to grow from $8,953.0 Million in 2014 to $14,218.6 Million in 2019, at an estimated CAGR of 9.7%. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.

Browse 70 market data tables and 55 figures spread through 104 pages and in-depth TOC on "Business Intelligence Platform Market"
http://www.marketsandmarkets.com/Market-Reports/business-intelligence-platform-market-198008117.html

Early buyers will receive 10% customization on this report. 

MarketsandMarkets broadly segments the Business Intelligence Platform Market by region: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by deployment type: Cloud and on-premise; by user type: SMBs and large enterprises; by industry vertical: healthcare, retail, government, BFSI, telecom & IT, media & entertainment, education, energy & power, manufacturing, and others.

With the enormous rise in the data generated in organizations, business intelligence and analytics industry have been rapidly growing. Business intelligence and analytics solutions offer attractive opportunity to the organizations that are yet to be fully embraced. These solutions help the companies to analyze structured and unstructured data generated at various sources and transform the same into useful and meaningful insights. Organizations now look for these solutions in order to solve their business problems that also help them improve their overall business performance and stay competitive in the market.

Investing in these expensive business intelligence and analytics solutions has been a major challenge for the organizations, especially for Small and Medium Businesses (SMBs). Business intelligence platform provides the organizations with an opportunity to develop their own intelligence and analytics solutions catering to their specific business needs at an affordable price. This platform provides IT developers with the architecture and infrastructure required to develop, deploy, and execute the business intelligence solutions - that help them take improved business decisions through comprehensive analysis of the available data.

In the last few years business intelligence and analytics has opened up new opportunities for organizations to analyse the data, and use these solutions to enhance the overall efficiency of businesses. However, the potential of this tool has not been fully exploited due to the complex implementation process and lack of experienced professionals in the organizations.

Business intelligence platform offers an impressive number of new opportunities to the organizations and help them generate data driven insights with the help of data mining, dashboards, reporting and query, OLAP and visualization, and other features of the platform.

The major vendors of the global Business Intelligence Platform Market are SAP, SAS, IBM, Oracle, Microsoft, Tibco Software, Microstrategy, Tableau, Qlik, and Pentaho. The major factors driving the adoption of business intelligence platform are - increase in data generation, low cost of data storage, affordability, increasing competition, need to take better business decisions, and mobile business intelligence.

For more Inquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=198008117

MarketsandMarkets forecasts the global Business Intelligence Platform Market to grow from $8,953 million in 2014 to $14,218.6 million by 2019, at a CAGR of 9.7%. In terms of regions, North America is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.

Browse Related Reports 

Location Analytics Market by Software (Geocoding, Data Integration & ETL, Query, Reporting & OLAP Visualization), Applications (Marketing, Facilities Management, Risk Assessment, Tracking & Route Monitoring) - Worldwide Market Forecast (2014 - 2019)
http://www.marketsandmarkets.com/Market-Reports/location-analytics-market-177193456.html

Telecom Analytics Market by Software Applications (Customer, Network, Market, Price, and Service Analytics), by Hardware Type (Servers, Storage, Network Equipment), and by Service Type (Implementation, Training & Support, Consulting) - Global Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/telecom-analytics-market-73969513.html


About MarketsandMarkets
 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

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