Analytics and BI Platforms Market was valued at USD 24.28 Billion in 2022 and is projected to reach USD 60.31 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
The global Analytics and Business Intelligence (BI) platforms market has seen significant growth in recent years, driven by the increasing need for organizations to make data-driven decisions. The market size has expanded as companies across various industries, such as retail, healthcare, finance, and manufacturing, adopt analytics tools to improve operations, reduce costs, and enhance customer experiences. Businesses are increasingly relying on real-time data analysis to gain insights and maintain a competitive edge. Cloud-based BI platforms have been gaining momentum due to their scalability, flexibility, and cost-effectiveness, contributing to the overall market growth. The integration of AI and machine learning technologies into BI platforms has also provided businesses with advanced analytics capabilities, further enhancing the value proposition of these platforms for data-driven decision-making.
Emerging trends in the market include the growing demand for self-service BI tools, enabling business users to analyze data without needing extensive technical expertise. The rise of big data and the Internet of Things (IoT) has led to the generation of vast amounts of data, which drives the need for more advanced analytics solutions. As organizations continue to adopt AI-powered solutions, there is a growing emphasis on predictive analytics, helping businesses to anticipate future trends and make proactive decisions. Opportunities within the market also include expanding into untapped regions where businesses are beginning to recognize the value of analytics and BI platforms. Furthermore, the increasing shift towards hybrid cloud solutions provides opportunities for vendors to offer integrated solutions, catering to the diverse needs of enterprises across various sectors.
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Microsoft
IBM
SAP
Oracle
Tableau Software
SAS Institute
Qlik
MicroStrategy
Information Builders
TIBCO Software
Pentaho
Yellowfin
Sisense
Panorama
Zoho Analytics
Salesforce
ThoughtSpot
Dundas
Teradata Corporation
Informatica
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Analytics and BI Platforms Market
On-Premises Deployment
Cloud-Based Deployment
Hybrid Deployment
Reporting and Visualization Tools
Data Mining and Warehousing Solutions
Performance Management Solutions
Predictive and Prescriptive Analytics
Healthcare
Retail and E-commerce
Banking, Financial Services, and Insurance (BFSI)
Telecommunications
Manufacturing
Government
Energy and Utilities
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
Individual Users and Freelancers
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
Real-time Analytics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Analytics and BI Platforms Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Analytics and BI Platforms Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Analytics and BI Platforms Market, By Type
6. Gloabl Analytics and BI Platforms Market, By Application
7. Gloabl Analytics and BI Platforms Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Analytics and BI Platforms Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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