How large is the business intelligence management software market, and what is its growth trajectory?
The business intelligence management software market size has grown rapidly in recent years. It will grow from $32.6 billion in 2024 to $36.11 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to the data explosion, spreadsheet limitations, complexity of data, regulatory compliance, and demand for self-service analytics.
The business intelligence management software market size is expected to see rapid growth in the next few years. It will grow to $53.66 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to the increasing number of organizations, cloud adoption and SaaS models, data governance and privacy concerns, demand for data analytics, and real-time analytics. Major trends in the forecast period include embedded AI and ML, augmented analytics, data democratization, real-time analytics, natural language processing, and vertical-specific solutions.
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What are the key forces behind the business intelligence management software market’s growth in recent years?
The rising adoption of cloud-based solutions is expected to propel the growth of the business intelligence management software market going forward. Cloud-based solutions refer to software applications, services, or platforms hosted and accessed over the Internet instead of installed and operated on local computers or servers. The increasing adoption of cloud-based solutions due to the need for cost savings, demand for flexibility, and accessibility and security concerns. Business intelligence management software is deployed as cloud-based solutions to allow organizations to access critical data and analytics tools from anywhere with Internet connectivity. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, around 45.2% of European Union (EU) enterprises opted for cloud computing services in 2023, representing a 4.2% rise from 2021. Therefore, the rising adoption of cloud-based solutions is driving the growth of the business intelligence management software market.
What are the major segments of the business intelligence management software market?
The business intelligence management software market covered in this report is segmented –
1) By Type: Development Of Business Smart Software, Cloud-Hosted Business Smart Software
2) By Application: Small Business, Medium-Sized Business, Large Business
3) By End-User Industry: Banking, Financial Services, And Insurance, Information Technology And Telecommunication, Retail, Healthcare, Other End-User Industries
Subsegments:
1 ) Development Of Business Smart Software: Custom-Built Business Intelligence Solutions, Data Analytics And Reporting Software, Predictive Analytics Software, Data Visualization Tools, Data Integration And Etl (Extract, Transform, Load) Tools
2) Cloud-Hosted Business Smart Software: Cloud-Based Business Intelligence Platforms, Saas (Software As A Service) Bi Solutions, Cloud Data Warehousing Solutions, Cloud Analytics And Reporting Tools, Cloud-Based Data Visualization And Dashboards
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Which companies dominate the business intelligence management software market?
Major companies operating in the business intelligence management software market are Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., Adobe Inc., SAS Institute Inc., Databricks Inc., Teradata Corporation, Informatica LLC, Tableau Software LLC, Tibco Software Inc., Cloudera Inc., Qlik Technologies Inc., MicroStrategy Incorporated, Domo Inc., Sisense Ltd., BOARD International SA, ThoughtSpot Inc., GoodData Corporation, Information Builders Inc., Yellowfin International Pty Ltd., Panorama Software Ltd., ClearStory Data
What major trends will shape the business intelligence management software market during the forecast period?
The major companies operating in the business intelligence management software market are focusing on developing technologically advanced solutions, such as AI-based business intelligence (BI) solutions, to empower businesses with advanced capabilities for data analysis. AI-based business intelligence (BI) solutions utilize artificial intelligence to analyze data and generate actionable insights, thereby improving decision-making and operational effectiveness. For instance, in March 2024, Algo, a US-based technology company launched Journeys. Which is an innovative decision intelligence solution that automates business intelligence to improve demand and inventory planning. It enables users to transform analytics into actionable strategies using real-time data, allowing businesses to optimize their demand planning processes. With capabilities such as simple insight capture, real-time collaboration, and the ability to turn analytics into strategic actions, Journeys reduces organizations’ dependence on manual data exploration. This solution aims to provide manufacturers, retailers, and suppliers with a unified source of truth, thereby promoting a more efficient and data-driven supply chain.
What are the key regional dynamics of the business intelligence management software market, and which region leads in market share?
North America was the largest region in the business intelligence management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Business Intelligence Management Software Market Report 2025 Offer?
The business intelligence management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Business intelligence management software refers to software applications and platforms designed to collect, analyze, visualize, and present data to support business decision-making processes. These software solutions enable organizations to transform raw data into actionable insights, helping them understand trends, identify opportunities, and address challenges across various operations.
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