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