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Business Intelligence and Analytics Software Market worth $26.78 Billion by 2020 – New Report by MarketsandMarkets
  • USA - English


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MarketsandMarkets

Apr 29, 2015, 09:30 ET

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MarketsandMarkets
MarketsandMarkets

(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.

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.

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Browse 67 market data Tables with 59 Figures spread through 155 Pages and in-depth TOC on "Business Intelligence and Analytics Software Market".
http://www.marketsandmarkets.com/Market-Reports/business-intelligence-analytics-software-market-247431917.html

Early buyers will receive 10% customization on this report.

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.

Speak with Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=247431917

Browse Related Reports

Business Intelligence Market - Types (Mobile BI, Social BI, Cloud BI, Traditional BI), by Function, by Deployment, by Features, by Verticals, by Organization Size, by Regions): Worldwide Trends, Market Forecasts and Analysis (2013 - 2018)
http://www.marketsandmarkets.com/Market-Reports/social-business-intelligence-bi-market-1048.html

Predictive Analytics Market [(Fraud, Risk, Marketing, Operations), Verticals (BFSI, Healthcare, Environment, Government Retail, Energy, Manufacturing, Transportation, Travel, Telecom, Sports)]: Worldwide Market Forecasts and Analysis (2013 - 2018)
http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.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 full-time 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 info-graphics 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

Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]

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