What is the current market size and future outlook for the bi software market?
The BI software market size has grown rapidly in recent years. It will grow from $79.06 billion in 2024 to $88.78 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to data explosion, data integration, competitive advantage, regulatory compliance.
The BI software market size is expected to see rapid growth in the next few years. It will grow to $138.62 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to advanced analytics and ai, self-service bi, cloud-based bi, real-time analytics. Major trends in the forecast period include data visualization, mobile bi, embedded bi, big data integration.
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How has the bi software market evolved, and what factors have shaped its growth?
An increase in data-driven projects aids business intelligence (BI) software market growth due to a substantial rise in the demand for real-time analytics. According to the International Data Group (IDG) prediction, 69% of the businesses are planning or implementing data-driven projects in order to enhance production and sales, better decision making, strategic planning of business, and others. Companies in the industry are using nosiness intelligence software in order to predict consumer behavior and engagement with their products and services. For instance, Starbucks started using business intelligence software along with CRM software for predicting the purchasing behavior of customers.
What are the major segments of the bi software market?
The BI software market covered in this report is segmented –
1) By Type: Unstructured Data, Semi Structured Data, Structured Data
2) By Deployment: On-Premise, On-Cloud
3) By Application: BFSI, Telecomm, IT, Retail And Consumer Goods, Healthcare And Life sciences, Manufacturing
Subsegments:
1) By Unstructured Data: Text Data, Audio And Video Data, Social Media Data, Sensor Data
2) By Semi-Structured Data: XML Data, JSON Data, Email Data, Log Files
3) By Structured Data: Relational Databases, Data Warehouses, Data Lakes, Spreadsheets
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Which companies dominate the bi software market?
Major companies operating in the BI software market include SAP SE, Oracle Corp., JDA Software Group Inc., Infor Global Solutions, Manhattan Associates Inc., Infor Nexus, Descartes Systems Group, IBM Corporation, Kinaxis Inc., High Jump Software, Epicor Software Corporation, Kewill Systems Plc, BluJay Solutions, Indian Foreign Service, Verizon Connect Inc., SPS Commerce Inc., Dassault Systemes, Coupa Software Inc., Basware, WiseTech Global Ltd., e2open Software Co., Jaggaer, GEP Software Co., Zycus Software Co., Plex Manufacturing Cloud, QAD Inc., Sage US, Vanguard Software, Quintiq, Unit4, Rackspace US Inc., Microsoft Corporation, Cisco Systems Inc., GoodData Corporation, Targit AS, VMware Inc., Tableau Software Inc., Google LLC, Open Text Corporation, MicroStrategy Incorporated, QlikTech International AB, Information Builders Inc., Tibco Software Inc., Salesforce.com Inc.
How will evolving trends contribute to the growth of the bi software market?
Major companies operating in the business intelligence (BI) software market are focusing on developing advanced products with compound AI system, to gain a competitive edge. A compound AI system integrates multiple artificial intelligence technologies and algorithms to solve complex problems by combining machine learning, natural language processing, and data analytics. For instance, in June 2024 Databricks Inc., a US-based, artificial intelligence (AI) company, launched AI/BI, an innovative business intelligence product that aims to democratize access to analytics across organizations. This new offering features two key components such as dashboards and genie. Both components are powered by a compound AI system that continuously learns from user interactions and data usage across the organization. This system enhances the accuracy and relevance of insights by adapting to the unique semantics of the business’s data over time.
What are the key regional dynamics of the bi software market, and which region leads in market share?
North America was the largest region in the business intelligence (bi) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the business intelligence (bi) software market during the forecast period. The regions covered in the bi software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The BI Software Market Report 2025 Offer?
The bi 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 (BI) software is a combination of tools designed to find, organize, consolidate, analyze, and present complex data in understandable reports for insights.
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