Business Intelligence and Analytics Software Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Business Intelligence and Analytics Software Market size is projected to reach USD 33770 Million by 2027, from USD 23940 Million in 2020, at a CAGR of 5% during 2021-2027.

Business intelligence and analytics software is rapidly gaining traction in the market and is considered the fastest growing industry in IT. Businesses desperately need tools that streamline business processes by rapidly analyzing, optimizing, and managing exponentially growing data. All of these features are contained in a single console that helps organizations analyze the right data in a timely manner, understand customer behavior and changing preferences, and monitor the performance of all of the organization’s resources. Therefore, the use of these tools is widely used in all industries. BFSI and retail occupy the largest share of the market, while healthcare, media, and entertainment are gaining traction in the market quickly.

Market Segments

On the basis of deployment modes:

• On-premise
• Cloud

On the basis of organization size:

• Small Medium Business (SMB’s)
• Large enterprises

On the basis of verticals:

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• IT & Telecom
• Retail
• Manufacturing
• Education
• Government
• Energy and Power
• Media & Entertainment

Key Players

• TIBCO Software
• MicroStrategy
• Tableau Software
• OpenText
• IBM
• Oracle
• Microsoft
• SAP

Scope of the Report

The research study analyzes the global Business Intelligence and Analytics Software industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Business Intelligence and Analytics Software Market Report

1. What was the Business Intelligence and Analytics Software Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Business Intelligence and Analytics Software Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Business Intelligence and Analytics Software Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.