Insights on the Global Business Intelligence and Analytics Platforms Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

Insights on the Global Business Intelligence and Analytics Platforms Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

LONDON–(BUSINESS WIRE)–The business intelligence and analytics platforms market is expected to grow by USD 12.62 billion, accelerating at a CAGR of almost 10% during the forecast period. Download Free Sample Report

Rising need to improve business efficiency is one of the major factors propelling market growth. However, the increasing threat from open-source business analytics vendors will hamper market growth.

The rise in the number of connected devices is leading to the generation of massive amounts of data. This data can be used by businesses to optimize costs, deliver better services, and boost revenues. For instance, the introduction of automation and flexible production techniques in manufacturing is helping companies to save money on scheduled repairs, reduce maintenance costs, and eliminate breakdowns. The implementation of such technologies has created a need for establishing a seamless connection for efficient communication between machines, systems, and humans. This has increased the adoption of business intelligence and analytics platforms among various industrial end-users, which is driving the growth of the market.

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Global Business Intelligence and Analytics Platforms Market: End-User Landscape

Based on the end-user, the BFSI segment will witness lucrative growth during the forecast period. The growth of the segment is mainly driven by the increased deployment of business intelligence and analytics solutions for detecting and reducing financial fraud, measuring credit risk, and retaining valuable customers by companies. Also, the increased adoption of advanced technologies is contributing to the growth of this segment in the market.

Global Business Intelligence and Analytics Platforms Market: Geographic Landscape

By geography, North America is expected to witness significant growth during the forecast period due to the growing healthcare sector in the region. In addition, the growing focus on customer engagement and customer-centricity among businesses is driving the growth of the business intelligence and analytics platforms market in North America.

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Companies Covered

  • Hitachi Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • MicroStrategy Inc.
  • Oracle Corp.
  • QlikTech international AB
  • SAP SE
  • SAS Institute Inc.
  • Tableau Software LLC
  • TIBCO Software Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

     

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • BFSI – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • ICT – Market size and forecast 2019-2024
  • Government – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Hitachi Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • MicroStrategy Inc.
  • Oracle Corp.
  • QlikTech international AB
  • SAP SE
  • SAS Institute Inc.
  • Tableau Software LLC
  • TIBCO Software Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report visit https://www.technavio.com/report/business-intelligence-and-analytics-platforms-market-industry-analysis

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