Global Social Business Intelligence Market Size, Share, and Trends Analysis Report, By Product (Software, and Services), By Enterprise Size (Small Enterprise, Mid-Sized Enterprise, and Large Enterprise), By Industry (BFSI Industry, Healthcare Industry, Consumer Goods & Retail Industry, IT & Telecom Industry, and Others), Forecast (2022-2028)

The global social business intelligence market is anticipated to grow at a considerable CAGR of 33.4% during the forecast period (2022-2028). Social business intelligence is a process of creating and providing insightful business analytics reports and dashboards for access to anyone interested in the industry or market. The major factor attributing to the growth of the global social business intelligence market includes the growing IT and telecom industry with various advanced technologies, including 5G giving a wide variety of options to the end-users. According to the report published by the India Brand Equity Foundation  (IBEF) in March 2022, with a described base of 1.16 billion, India is the second-largest telecommunication industry and is expected to consistently grow during the forecast years. The gross revenue of the Indian telecom industry was around $37.36 billion in 2021 and $8.74 billion in the first quarter of 2022. Thus, increasing the use of social business intelligence in the enterprise of IT & telecom industry.

 

The use of social business intelligence is also increasing for the custom analytics report in several other industries, including the BFSI industry, healthcare industry, consumer goods & retail industry, and other industries due to several benefits provided by the social business intelligence process. The benefits include improved productivity & collaborations between enterprises, allowing the consumer to share their perspective on the services, promoting decision-making, identifying the market trends, and analyzing the competitors. Thus, contributing to the growth of the global social business intelligence market.

 

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2020, IBM Corp. and SAP SE came into a strategic partnership with an aim to deliver intelligent technology and applications for data-driven insights by developing innovative solutions. This partnership will provide SAP’s business technology platform and intelligent suits along with IBM’s AI, machine learning, and analytics to enterprises.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Enterprise Size
  • By Industry
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Oracle Corp., IBM Corp., Microsoft, Adobe Inc., and SAP SE, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Social Business Intelligence  Market Report by Segment

By Product

• Software
• Services

By Enterprise Size

• Small Enterprise
• Mid-Sized Enterprise
• Large Enterprise

By Industry

• BFSI Industry
• Healthcare Industry
• Consumer Good & Retail Industry
• IT & Telecom Industry
• Others

Global Social Business Intelligence  Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa