Business Intelligence Market Growing at a CAGR 7.6% | Key Player IBM, Oracle, Microsoft, SAP, SAS Institute
(MENAFN – GetNews) Business Intelligence Market by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT), and Region – Global Forecast to 2025
The global Business Intelligence Market size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation are expected to drive the growth of the business intelligence market.
The fianace business function to hold a larger market size during the forecast period
Finance business function segment is expected to hold a larger market share during the forecast period. The growth is attributed to the increased need of