Press release
Business Intelligence (BI) Market Is Booming Worldwide At A CAGR of 6.4 %, To Hit US$ 36.79 Billion by 2028 | Rapid Growth of Industry Demand, Business Performance and SWOT Analysis Till 2028
Business Intelligence Market size is projected to reach USD 36.79 Billion by 2028 from an estimated USD 23.83 Billion in 2021, growing at a CAGR of 6.4% globally.
Business intelligence (BI) is a set of tools and techniques that combine business analytics, data mining, data visualization, data infrastructure and tools, and best practices. to help businesses make better data-driven decisions. Business intelligence can help businesses make better decisions by providing historical and current data in the context of their business. Analysts can use business intelligence to deliver performance and competitive benchmarks, allowing the organization to run more smoothly and efficiently. Analysts will be better able to spot market trends, thereby helping them increase sales or revenue. When used appropriately, the right data can help with everything from compliance to recruitment initiatives.
Read Full Research Report:- https://introspectivemarketresearch.com/reports/business-intelligence-market/
Market Dynamics:
Driver:
Fast and Accurate Reporting
Employees can track key performance indicators (KPIs) using multiple data sources, including financial, operational and sales data, using custom templates or reports. These reports are generated in real time and use the latest data, allowing organizations to make quick decisions. Graphs, tables, and charts are often used in reports to make them easier to understand. Some of the BI software reports are interactive allowing users to experiment with different factors or get data faster, thus supporting the growth of the business intelligence market during the analysis phase.
Market Trend:
BFSI Industry is Anticipated to Drive the Market Growth
The BFSI sector is one of the key infrastructure segments that has been repeatedly detected for fraud, due to the large customer base served and the financial information at stake. Financial services institutions are four times more susceptible to fraud detection than other industries, the need for such solutions. For example, according to the NCRB report, there are 4,047 cases of online banking fraud in 2021, amounting to Rs 1.384 trillion. Using business intelligence tools like Power BI can help banks detect fraud early and prevent it from happening.
Acquire PDF Sample Report + All Related thorough TOC, Graphs and Tables of Global Medical Crutches Market Now:
https://introspectivemarketresearch.com/request/16125
Market Segmentation
Segmentation Analysis of Business Intelligence Market:
By Component, the solution segment is anticipated to lead the growth of the business intelligence market over the forecasted timeframe. Solutions play an important role for businesses to derive actionable insights by tracking real-time and historical business performance.
By Deployment, the cloud segment is anticipated to have the highest share of the business intelligence market over the projected timeframe During the projected period, cloud deployment is expected to rise at the fastest rate.
By Enterprise Size, the SEMs are expected to develop at the highest CAGR over the projected timeframe attributed to the growing inclination towards automation for smooth functioning.
By Application, the financial performance & strategy management segment is forecasted to have a lion's share of the business intelligence market. Business intelligence tools assist clients in inputting data into action and thus reduce risks.
By Component
• Solutions
• Services
By Deployment
• Cloud
• On-Premise
By Enterprise Size
• Large Enterprises
• SMEs
By Application
• Supply Chain Analytic Applications
• CRM Analytic Applications
• Financial Performance
• Strategy Management
• Production Planning Analytic Operations
• Others
Up-To Avail 30% Discount on various license types on immediate purchase (Use corporate email ID). Get Higher Priority-
https://introspectivemarketresearch.com/discount/16125
Regional Analysis of Business Intelligence Market:
The North American region is anticipated to have the highest share of the business intelligence market over the forecast period owing to its technological advancement in business management analytics for their sales, production, and innovation. The rapid development of advanced technologies and the adoption of emerging technologies by businesses are supporting the growth of the market. Moreover, most of the prominent service providers such as IBM, Microsoft, Oracle, and Tableau are headquartered in this region thus, supporting the growth of the business intelligence market in this region.
Geographic Segment Covered in the Report
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
Players Covered In Business Intelligence Market are:
• IBM
• Zoho
• Oracle
• SAP
• Salesforce
• Yellofin
• SAS
• AWS
• MicroStrategy
• DOMO
• TIBCO
• Information Builders
• Teradata
• Sisense
• Board International
Recent Industry Developments In Business Intelligence Market
In January 2022, Idera Inc announced the acquisition of Yellowfin International Pty Ltd, an industry-leading, turnkey analytics, and BI solution platform provider. This acquisition will enable Idera's customers to integrate Yellowfin's product into proprietary applications and gather data without disrupting the end-user experience, unlocking immediate ROI.
In July 2021, through self-service data preparation and augmented analytics, Zoho Corporation has introduced its new Business Intelligence (BI) Platform, an AI-driven data analytics solution that enables enterprises to surface precise and actionable insights. Pre-built visual dashboards, complete data connectors, data preparation, augmented and embedded BI, security and privacy capabilities, multiple deployment models (cloud or on-premise), and scalability are all included in Zoho's BI Platform.
For More Information or Query or, Customization before Buying Visit
https://introspectivemarketresearch.com/inquiry/16125
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Deployment
3.3 By Enterprise Size
3.4 By Application
3.5 By Industry
Chapter 4: Market Landscape
To Be Continue…
Buy the Latest Version of this Report @
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16125
Read More Report: -
https://www.openpr.com/news/2763188/home-insurance-market-to-reach-value-of-usd-277-25-billion-with
https://www.openpr.com/news/2762017/private-healthcare-market-global-industry-analysis-size
https://www.openpr.com/news/2761403/medical-crutches-market-to-reach-value-of-usd-7-03-billion-by
https://whatech.com/og/markets-research/transport/731379-home-insurance-market-to-reach-value-of-usd-277-25-billion-by-the-year-2028-report-by-introspective-market-research
https://whatech.com/og/markets-research/medical/731373-private-healthcare-market-global-industry-analysis-size-and-forecast-2022-2028-introspective-market-research
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Business Intelligence (BI) Market Is Booming Worldwide At A CAGR of 6.4 %, To Hit US$ 36.79 Billion by 2028 | Rapid Growth of Industry Demand, Business Performance and SWOT Analysis Till 2028 here
News-ID: 2764794 • Views: …
More Releases from Introspective Market Research
Doors and Windows Market: Increasing Demand, Growth Analysis and Future Outlook …
Doors function as movable barriers, usually hinged or sliding, facilitating entry and exit to structures. Available in diverse materials and styles, doors serve both practical and aesthetic purposes. Windows, on the other hand, are openings in walls equipped with transparent or translucent materials. Their primary role is to permit the entry of light and air, while also providing views.
Windows contribute to improved ventilation and play a crucial role in the…
Potato Chips Market : Global Size, Share & Industry Trends USD 30.7 Billion in 2 …
potato chips prove to be a versatile ingredient. Crushed chips create a flavorful coating for fried chicken or fish, imparting both texture and taste. Additionally, they can enhance salads, provide a distinctive crunch, or serve as a topping for casseroles and baked dishes. The thin and crispy quality of potato chips makes them an ideal partner for dips and spreads, enhancing the overall snacking experience. Potato chips are thin slices…
Oil and Gas Pump Market to Projected to Reach USD 18.31 Billion by 2030, Growing …
Market Overview:
Oil and gas pumps are essentially mechanical devices designed to transfer process fluids within the petroleum industry. These pumps facilitate the movement of substances such as crude oil and drilling mud, playing a crucial role in processes like oil extraction, refining, and transportation. Centrifugal pumps, gear pumps, and submersible pumps are common types used, each serving specific purposes in the efficient handling and transfer of various fluids in the…
Flooring Market : Growing at a CAGR of 7.6% From 2024-2030 | By Type, By End-use …
The flooring market is witnessing a shift towards eco-friendly and sustainable materials, driven by consumer awareness and regulatory pressures. For instance, bamboo flooring, made from renewable resources, is gaining popularity due to its durability and environmentally friendly properties. Segmentation of the market includes residential, commercial, and industrial sectors. In residential areas, luxury vinyl tiles (LVT) are becoming increasingly favored for their cost-effectiveness and realistic appearance, mimicking hardwood or stone floors.…
More Releases for Business
Business Consulting Company, Business Consulting Firm, Business Consulting Servi …
The market research is an essential portion of any business strategy and primarily comprises of the data collecting about the markets and consumers in those markets. In recent’s globalized business surroundings, effective market research is a critical portion of any business’s efforts to compete successfully.
At Ken Research, the market research services support businesses identify growth opportunities and form a competitive strategy reliant on the deep understanding of consumers and…
Business to Business Media Market 2019 Business Scenario – Bloomberg, IBM, Ora …
A new Profession Intelligence Report released by Stats and Reports with the title Global Business to Business Media Market "can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global Business to Business Media Market Report presents a dynamic vision to conclude and research market size, market hope and competitive environment. The study is derived from…
Business to Business (B2B) Telecommunication Market Prolific Business Methodolog …
B2B telecommunications is a form of communications that takes place between companies in different forms such as text, voice, video, emails, and among others. B2B telecommunication providers maintain systems that transmit data, text, sound, and voice and video, which facilitates direct communication between businesses. Telecommunications platforms can also be utilized by marketers in order to boost a company's visibility within the industry and identify networking opportunities.
Request For Customization of Research…
Business Alliance Market Growing Dynamically with Leading Top Key Players like B …
A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involved and are typically managed by an integrated project team. An example of this is code sharing in airline alliances.
The Global Business Alliance Market 2019 research provides a basic overview of the industry including…
Global Interferon Market Business Growth, Business Opportunities, Business Outlo …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Interferon Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business…
Global Intramuscular Immune Globulin Market Business Growth, Business Opportunit …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intramuscular Immune Globulin Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges…
