The major vendors in the Business Intelligence and Analytics Software Market are IBM, Oracle, SAP, SAS, Microsoft, Micro Strategy, Qlik Technologies, Information Builders, Tableau Software and many others.
(PRWEB) April 29, 2015
The report "Business Intelligence and Analytics Software Market by Segment (BI platforms, CPM Suite, Advanced and Predictive Analytics, Content Analytics, Analytics Application), by Services, by Deployment Mode, by Org. Size, by Verticals, by Regions - Global Forecast to 2020", segments the global market into service types, deployment models, organization size, and industry verticals along with in-depth analysis and revenue forecasts.
Browse 67 market data Tables with 59 Figures spread through 155 Pages and in-depth TOC on "Business Intelligence and Analytics Software Market".
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Business Intelligence and Analytics extract important information from organizations data thereby enhancing the business operations by analyzing the current and future course of action and taking strategic decision-making. Business Intelligence provides visibility to every business process, therefore the solutions have ubiquitous role in every industry vertical.
The demand in Business Intelligence and Analytics market is highly driven by self-service business intelligence and analytics tools. Furthermore shifting interest in cloud deployment, mobile BI solutions and increasing competition are some other factors pushing this market and creating value in the market. Interesting dashboards with distinct features are continually evolving for maximizing end user experience and remain competitive in the market. For this many niche players such as Tableau software, Qlik technologies and many others has emerged and expected to evolve in the coming time. Talking about the industry verticals and healthcare industry is rapidly adopting business intelligence tools while BFSI and retail vertical are capturing maximum of the market.
Business Intelligence and Analytics has high adoption rate in large enterprise as they have data support system and adequate capital that permit them to invest in this business optimizing software. Also due to the increase of cloud adoption the market of SMB's in Business Intelligence and Analytics Software Market is looking quite promising during the forecast period. The major challenges faced in this market are the acute shortage of knowledgeable and skilled workforce with sound technical capabilities to run the applications.
Further the market remains to be competitive with the entry of niche players. These players provide innovative integrated software with insightful dashboards thereby increasing their market bargain capability among the large vendors. The major vendors in the Business Intelligence and Analytics Software Market are IBM, Oracle, SAP, SAS, Microsoft, Micro Strategy, Qlik Technologies, Information Builders, Tableau Software and many others.
The research report categorizes the Business Intelligence and Analytics Software market into following sub-segments:
1) Sub-vertical: government, BFSI, retail, IT and telecom, manufacturing, retail, education, media and entertainment, energy and power and others
2) Region: North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
3) Deployment modes: On-premise and Cloud
4) Segment: Business Intelligence (BI) Platforms, Content Analytics, Analytics Application and Corporate Performance Management (CPM) Suite
5) Services: Professional Services and Managed Services
MarketsandMarkets forecasts that the global Business Intelligence and Analytics Software Market is expected to reach $26.78 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 8.4%. In the current scenario North America is expected to be the largest market on the basis of spending and adoption of Business Intelligence and Analytics Software Market.
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