Market Insights Technology Software Enterprise Software
- Worldwide
- Revenue in the Business Intelligence Software market is projected to reach US$27.36bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.71%, resulting in a market volume of US$34.16bn by 2028.
- The average Spend per Employee in the Business Intelligence Software market is projected to reach US$7.80 in 2024.
- The global market share of [revenue_currentlayer_yeartoday_maxbrandname] was [revenue_currentlayer_yeartoday_maxbrandvalue] in 2020.
- In global comparison, most revenue will be generated in the United States (US$13,790.00m in 2024).
Key regions: Germany, United States, Canada, South Korea, United Kingdom
Definition:
The Business Intelligence Software market covers software applications that support organizations in analyzing, visualizing, and reporting data. They are also used to present information in a business context and thus support rational business decisions. These applications help to access data, implement queries, create reports, and perform advanced predictive analytics.
Products in the Business Intelligence Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.
Additional Information:
The Business Intelligence Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).
Key players in this market include SAS Institute, SAP, and IBM.
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in-scope
- Reporting & analysis software, such as Zoho Analytics, IBM Cognos Analytics, and Domo
- Advanced & predictive analytics, such as Tableau, Amazon Forecast, and Adobe Analytics
out-of-scope
- AI software platforms, such as OpenAI, Alphabet, and DeepMind
- Supply chain and product analytics, such as Azure Machine Learning, Tableau, and Qlik Supply Chain Analytics
- Analytic data management and integration, such as SAS, IBM, TIBCO, and DataStax
- Analytics and performance management applications, such as Paycor, BambooHR, and Lattice
Software
- Productivity Software
- Administrative Software
- Collaboration Software
- Office Software
- Creative Software
- Construction and Design Software
- Enterprise Software
- Enterprise Resource Planning Software
- Customer Relationship Management Software
- Business Intelligence Software
- Supply Chain Management Software
- Other Enterprise Software
- Content Management Software
- Enterprise Performance Management Software
- eCommerce Software
- Application Development Software
- System Infrastructure Software
Related markets:
Devices
Software
IT Services
Public Cloud
Cybersecurity
Internet of Things
Communication Services
Data Center
Robotics
Semiconductors
Artificial Intelligence
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Market
Region
Region comparison
Currency
Analyst Opinion
The demand for Business Intelligence Software has been on the rise in recent years due to the need for data-driven decision-making in organizations. Customer preferences: Trends in the market: Local special circ*mstances: Underlying macroeconomic factors:
Methodology
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).
Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.
Forecasts:
We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.
Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
Overview
- Revenue
- Key Players
- Analyst Opinion
- Global Comparison
- Methodology
- Key Market Indicators
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