Irving, Texas (PRWEB) February 11, 2013
The global business intelligence and analytics software industry is primarily engaged in computer software publishing or publishing and reproduction. The industry is anticipated to reach revenue of US $19 billion, with a CAGR of 7.7% by 2017. North America is projected to witness the highest growth during the forecast period, led by economic growth and global industrialization. Big data, cutthroat competition, exponential growth in organizational information, and uncertain economic conditions are driving demand for business intelligence and analytics software.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry. It presents its findings in “Global Business Intelligence and Analytics Software Industry 2012-2017: Trend, Profit, and Forecast Analysis.” North America dominates the industry and represents the maximum industry share. A combination of factors such as IT spending, technological innovations, and economic growth influences industry dynamics.
Lucintel's report gives an overview of the industry’s challenges. Cost and complexity in business intelligence tools have proven costly for users. Most important, no vendor excels in all areas, and most companies purchase business intelligence software to solve a specific problem in one business unit and need specialized talent as well. Global currency fluctuations and the euro zone crisis have highly affected the industry.
The study provides highlights of the industry’s growth drivers. The robust global economic growth regions have created new markets for the industry. The economies in these regions are going global, resulting in enterprises investment in the business intelligence and analytics software to build more effective and agile decision-support systems to gain competitive advantage. Strong economic growth in emerging markets drove huge demand for business intelligence analytics and performance management tools in this region, as they have relatively low penetration of software, and untapped, large domestic markets.
This industry research report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, timely, useful information is required which are fulfilled by these market reports.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel’s Opportunity Screening and , Merger & Acquisition Business Strategy Consulting services have supported decision makers in achieving their growth objectives.
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