BI is a combination of tools and techniques used to transform raw data into meaningful information for the critical business decision-making process. It helps users to analyze data, receive information from various channels or business activities, and use the information in organizational opportunities and to improve business efficiency.
The BI solution, when integrated with analytics, is capable of handling a large amount of unstructured data to help identify and analyze business patterns. This technology helps users analyze current and historical data.
Technavio’s analysts forecast the global BI market to grow at a CAGR of 10.38% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global BI market for the period 2016-2020. To calculate the market size, the report considers the revenue generated through software licenses and subscriptions, software implementation, and technical support and maintenance of BI.
The market is divided into the following segments based on technology: - Traditional BI - Mobile BI - Social BI - Cloud BI
Technavio's report, Global Business Intelligence market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendorsoperating in this market.
Key vendors - IBM - Microsoft - Oracle - SAP - SAS Institute
Market driver - Growing adoption of data analytics - For a full, detailed list, view our report
Market challenge - High implementation cost - For a full, detailed list, view our report
Market trend - Integration with social media - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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