Global Business Intelligence (BI) and Analytics Platforms Market 2018-2022

Global Business Intelligence (BI) and Analytics Platforms Market 2018-2022

  • November 2018 •
  • 122 pages •
  • Report ID: 5628445 •
  • Format: PDF
About this market
The growth in the medical tourism industry is identified as one of the key trends that will gain traction in the market for the next four years. Business analytics help doctors to club the data into electronic dashboards. This simplifies the decision processes. The implementation of business analytics in this industry reduces administrative costs and prevents unauthorized transactions in medical billing. Technavio’s analysts have predicted that the business intelligence (BI) and analytics platforms market will register a CAGR of almost 8% by 2022.

Market overview
Rising need to improve the business efficiency
The implementation of business analytics helps companies to improve the productivity of business with the help of predictive mechanisms and risk-averting models. Business intelligence and analytics enables them to reduce the failure and error rates that takes place during the development of new categories of products and services.
Rising data privacy and security concerns
A predictive model is vulnerable to security attacks as it has access to all the sensitive data of an organization. This leads to costly insurance claims, expensive lawsuits, and reduces the brand loyalty.
For the detailed list of factors that will drive and challenge the growth of the business intelligence (BI) and analytics platforms market during 2018-2022, view our report.

Completive landscape
The market appears to be fragmented with the presence of many companies. Factors such as the growth in the medical tourism industry and rising need to improve the business efficiency, will provide considerable growth opportunities to business intelligence (BI) and analytics platforms manufacturers. IBM, Microsoft, Oracle, SAP, SAS Institute, and TABLEAU SOFTWARE are some of the major companies covered in this report.