BI And Analytics Market
Business Intelligence (BI) and Analytics Market Forecasts to 2028 - Global Analysis By Component (Solution, Services and Others), By Deployment (Cloud Based and On-premise), By Application (Supply chain analytic applications, Financial performance and strategy management and Others), By Enterprise Size (SMEs and Large Enterprise), By End User (Government, BFSI, Retail and Others) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $27.26 BN |
|
Projected Year Value (2028) |
US $50.43 BN |
|
CAGR (2022 - 2028) |
10.80% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Bi and Analytics Market is accounted for $27.26 billion in 2022 and is expected to reach $50.43 billion by 2028 growing at a CAGR of 10.80% during the forecast period. BI and Analytics software provides insights and analytic information to help managers, executives, and other corporate end users read and analyse stored data, design reports, and make decisions. The growing demand for real-time data analysis, the increasing adoption of cloud technology, and the increasing installation of IoT devices are some of the major drivers driving the global business intelligence and analytics software market growth. Furthermore, rising demand for data analysis to understand consumer demand and market trends, as well as increased adoption of business intelligence and analytic tools by small and medium-sized enterprises (SMEs), are driving growth in the global business intelligence and analytics market.
According to Forrester, 25% of organisations have ten or more BI platforms, 61% have four or more, and 86% have two or more. As a result, new decision intelligence software platforms are entering the market to help everyday users make more intelligent decisions, fueling market growth.
Market Dynamics:
Driver:
Rise in Demand for Cloud Computing and Big Data
Rapid technical breakthroughs have led to the growth of big data analytics and cloud computing in recent years. Given that it acts as a storage facility for both structured and unstructured data, cloud computing is regarded as the ideal platform for BI applications. Similar to this, big data technology has made it possible for these tools to evaluate a significant quantity of data and provide organisations with actionable insights that aid them in understanding opportunities and enhancing marketing strategies. Therefore, the market size is projected to increase due to the widespread usage of social media and other internet services including over-the-top services and e-commerce that produce a high number of heterogeneous data.
Restraint:
Investments on Expensive IT Infrastructure
Small and mid-sized businesses are mostly concerned about the expense of installing BI technology. Additionally, a lack of qualified data scientists, consulting analysts, and IT professionals may impede the development of the business intelligence sector. However, the introduction of self-service is anticipated to remove the issue of costly infrastructure.
Opportunity:
Growing Demand for Integrated Business Models
The growing demand for integrated business models, as well as cutting-edge technology such as machine learning, the Internet of things (IOT), artificial intelligence, and predictive decision making, are driving sales of business intelligence systems. The latest advanced analytics and improved statistical support provided by the business intelligence system are also contributing to the market's growth. Machine learning, in conjunction with business intelligence systems, assists corporations in problem-solving strategies and predicting potential final conclusions. This also aids in optimising internal business processes, increasing revenue growth, and integrating systems to improve processing, giving companies a competitive advantage over other brands.
Threat:
Concerns about Data Privacy and Security
Data security and privacy are major concerns for the global business intelligence and analytics platforms market. Rising data privacy and security concerns, pose a significant challenge to IT deployments that consumes enterprise data as part of its value chain. Mismanagement can result in the creation of security flaws that hackers can use to compromise an entire organisation. This may eventually result in decreased brand loyalty, costly lawsuits, and costly insurance claims.
Covid-19 Impact
Both markets and consumer behaviour have been impacted by the COVID-19 epidemic. Business intelligence product and service companies are seeing a delay in their growth as a result of the global lockdowns enacted. The healthcare, life sciences, and BFSI sectors, which are still integrating business intelligence tools, have seen little impact from COVID-19. The pandemic also had an impact on supply chains; business intelligence tools assisted companies in navigating the end of their marketing and sales funnels so they could continue operating with the same vigour. The possibility made possible by the lockdown pushed the sales of business intelligence solutions in the market for business intelligence.
The solutions and services segment is expected to be the largest during the forecast period
The solutions and services segment is estimated to have a lucrative growth, due to solutions provided by market players to track real-time and historical business performance and derive actionable insights. Additionally, the demand for more advanced visualisation is anticipated to be pushed by the integration of analytics solutions powered by artificial intelligence with the business intelligence platform. Demand for BI services is anticipated to be driven by a shortage of data science experts and IT workers in the sector.
The Financial performance and strategy management segment is expected to have the highest CAGR during the forecast period
The Financial performance and strategy management segment is anticipated to witness the fastest CAGR growth during the forecast period. Planning, budgeting, strategy management and other activities fall under financial performance and management. Using BI, a user can evaluate various business scenarios and determine the financial repercussions before acting. Additionally, it improves the organization's forecasting precision. The demand for these solutions in financial operations is driven by these elements. Among the use cases in supply chain applications include inventory management, manufacturing, shipping, and procurement. Applications for analytics in supply chains and production planning are expected to witness unprecedented growth owing to the advent of Industry 4.0, Blockchain among others.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the market in terms of revenue & share. The region's growth is anticipated to be fueled by the quick development and adoption of new technologies and key businesses like Microsoft Corporation, IBM Corporation, Oracle Corporation, Tableau Software, LLC, and others.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, Due to the increase in data quantities in the area. The necessity for adopting BI to drive revenue, operational performance, forecast consumer behaviour and loyalty, drive shareholder value, provide ads, and create new business prospects is further fueled by technological advancements in a variety of industries. These factors are estimated to drive the BI and analytics market in the region.
Key players in the market
Some of the key players profiled in the Bi And Analytics Market include Amazon Web Services, Inc., Tibco Software, Inc., Teradata, ThoughtSpot, Inc., Domo, Inc., SAS Institute Inc., Pyramid Analytics, Cisco Systems Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Vuram, Fractal Analytics and Atos.
Key Developments:
In January 2022 - Fractal, a global provider of artificial intelligence and advanced analytics to Fortune 500 companies, announced the acquisition of Neal Analytics, a cloud, data, engineering, and AI Microsoft Gold consulting partner, to scale AI and power decisions. It also strengthens fractal's presence in Pacific Northwest, Canada, and India.
In May 2022, Vuram, a next-generation hyper-automation service provider, partnered with Alteryx to strengthen Vuram’s data analytics, data visualization and reporting capabilities to deliver real-time business intelligence solutions to its clients.
In August 2022, Information Resources Inc (IRI) completes a merger with NPD to create a global technology, analytics, and data provider to offer more than 7000 clients a comprehensive, accurate view of consumer behavior and total retail purchasing and consumption trends across a broad range of industries. The combined company will empower brands and retailers to collaborate, better serve their customers, respond to trends, and leverage more powerful insights to drive growth, according to the vendors.
In November 2020, Magenta BI launched a business intelligence software for IT channel partners, which helps SMEs make data-driven decisions through actionable analytics.
In June 2020, IBM Corporation and SAP SE partnered to develop innovative solutions to deliver intelligent technology and applications for data-driven insights. Through this partnership, the companies will leverage SAP’s business technology platform, & Intelligent Suite, and IBM’s technologies such as artificial intelligence, machine learning, analytics, and automation.
Components Covered:
• Solution
• Services
Deployments Covered:
• Cloud Based
• On-premise
Applications Covered:
• Supply chain analytic applications
• Financial performance and strategy management
• Production planning analytic operations
• Other Applications
Enterprises Covered:
• Small and Medium Enterprises (SMEs)
• Large Enterprise
End Users Covered:
• Government
• Banking, financial services and insurance (BFSI)
• Retail
• IT & Telecom
• Media & Entertainment
• Education
• Manufacturing
• Energy & Power
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bi and Analytics Market, By Component
5.1 Introduction
5.2 Solution
5.3 Services
5.3.1 Professional
5.3.2 Managed
6 Global Bi and Analytics Market, By Deployment
6.1 Introduction
6.2 Cloud Based
6.3 On-premise
7 Global Bi and Analytics Market, By Application
7.1 Introduction
7.2 Supply chain analytic applications
7.3 Financial performance and strategy management
7.4 Production planning analytic operations
7.5 Other Applications
8 Global Bi and Analytics Market, By Enterprise Size
8.1 Introduction
8.2 Small and Medium Enterprises (SMEs)
8.3 Large Enterprise
9 Global Bi and Analytics Market, By End User
9.1 Introduction
9.2 Government
9.3 Banking, financial services and insurance (BFSI)
9.4 Retail
9.5 IT & Telecom
9.6 Media & Entertainment
9.7 Education
9.8 Manufacturing
9.9 Energy & Power
9.10 Other End Users
10 Global Bi and Analytics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Amazon Web Services, Inc.
12.2 Tibco Software, Inc.
12.3 Teradata
12.4 ThoughtSpot, Inc.
12.5 Domo, Inc.
12.6 SAS Institute, Inc.
12.7 Pyramid Analytics
12.8 Cisco Systems Inc.
12.9 Microsoft Corporation
12.10 IBM Corporation
12.11 Oracle Corporation
12.12 SAP SE
12.13 Sisense
12.14 Yellofin
List of Tables
1 Global Bi and Analytics Market Outlook, By Region (2020-2028) ($MN)
2 Global Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
3 Global Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
4 Global Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
5 Global Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
6 Global Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
7 Global Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
8 Global Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
9 Global Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
10 Global Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
11 Global Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
12 Global Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
13 Global Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
14 Global Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
15 Global Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
16 Global Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
17 Global Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
18 Global Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
19 Global Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
20 Global Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
21 Global Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
22 Global Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
23 Global Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
24 Global Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
25 Global Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
26 Global Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
27 Global Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
28 Global Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
29 North America Bi and Analytics Market Outlook, By Country (2020-2028) ($MN)
30 North America Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
31 North America Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
32 North America Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
33 North America Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
34 North America Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
35 North America Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
36 North America Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
37 North America Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
38 North America Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
39 North America Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
40 North America Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
41 North America Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
42 North America Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
43 North America Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
44 North America Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
45 North America Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
46 North America Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
47 North America Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
48 North America Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
49 North America Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
50 North America Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
51 North America Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
52 North America Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
53 North America Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
54 North America Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
55 North America Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
56 North America Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
57 Europe Bi and Analytics Market Outlook, By Country (2020-2028) ($MN)
58 Europe Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
59 Europe Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
60 Europe Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
61 Europe Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
62 Europe Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
63 Europe Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
64 Europe Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
65 Europe Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
66 Europe Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
67 Europe Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
68 Europe Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
69 Europe Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
70 Europe Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
71 Europe Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
72 Europe Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
73 Europe Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
74 Europe Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
75 Europe Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
76 Europe Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
77 Europe Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
78 Europe Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
79 Europe Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
80 Europe Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
81 Europe Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
82 Europe Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
83 Europe Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
84 Europe Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
85 Asia Pacific Bi and Analytics Market Outlook, By Country (2020-2028) ($MN)
86 Asia Pacific Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
87 Asia Pacific Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
88 Asia Pacific Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
89 Asia Pacific Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
90 Asia Pacific Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
91 Asia Pacific Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
92 Asia Pacific Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
93 Asia Pacific Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
94 Asia Pacific Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
95 Asia Pacific Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
96 Asia Pacific Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
97 Asia Pacific Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
98 Asia Pacific Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
99 Asia Pacific Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
100 Asia Pacific Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
101 Asia Pacific Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
102 Asia Pacific Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
103 Asia Pacific Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
104 Asia Pacific Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
105 Asia Pacific Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
106 Asia Pacific Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
107 Asia Pacific Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
108 Asia Pacific Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
109 Asia Pacific Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
110 Asia Pacific Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
111 Asia Pacific Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
112 Asia Pacific Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
113 South America Bi and Analytics Market Outlook, By Country (2020-2028) ($MN)
114 South America Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
115 South America Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
116 South America Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
117 South America Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
118 South America Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
119 South America Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
120 South America Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
121 South America Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
122 South America Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
123 South America Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
124 South America Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
125 South America Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
126 South America Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
127 South America Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
128 South America Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
129 South America Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
130 South America Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
131 South America Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
132 South America Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
133 South America Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
134 South America Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
135 South America Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
136 South America Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
137 South America Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
138 South America Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
139 South America Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
140 South America Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
141 Middle East & Africa Bi and Analytics Market Outlook, By Country (2020-2028) ($MN)
142 Middle East & Africa Bi and Analytics Market Outlook, By Component (2020-2028) ($MN)
143 Middle East & Africa Bi and Analytics Market Outlook, By Introduction (2020-2028) ($MN)
144 Middle East & Africa Bi and Analytics Market Outlook, By Solution (2020-2028) ($MN)
145 Middle East & Africa Bi and Analytics Market Outlook, By Services (2020-2028) ($MN)
146 Middle East & Africa Bi and Analytics Market Outlook, By Professional (2020-2028) ($MN)
147 Middle East & Africa Bi and Analytics Market Outlook, By Managed (2020-2028) ($MN)
148 Middle East & Africa Bi and Analytics Market Outlook, By Deployment (2020-2028) ($MN)
149 Middle East & Africa Bi and Analytics Market Outlook, By Cloud Based (2020-2028) ($MN)
150 Middle East & Africa Bi and Analytics Market Outlook, By On-premise (2020-2028) ($MN)
151 Middle East & Africa Bi and Analytics Market Outlook, By Application (2020-2028) ($MN)
152 Middle East & Africa Bi and Analytics Market Outlook, By Supply chain analytic applications (2020-2028) ($MN)
153 Middle East & Africa Bi and Analytics Market Outlook, By Financial performance and strategy management (2020-2028) ($MN)
154 Middle East & Africa Bi and Analytics Market Outlook, By Production planning analytic operations (2020-2028) ($MN)
155 Middle East & Africa Bi and Analytics Market Outlook, By Other Applications (2020-2028) ($MN)
156 Middle East & Africa Bi and Analytics Market Outlook, By Enterprise Size (2020-2028) ($MN)
157 Middle East & Africa Bi and Analytics Market Outlook, By Small and Medium Enterprises (SMEs) (2020-2028) ($MN)
158 Middle East & Africa Bi and Analytics Market Outlook, By Large Enterprise (2020-2028) ($MN)
159 Middle East & Africa Bi and Analytics Market Outlook, By End User (2020-2028) ($MN)
160 Middle East & Africa Bi and Analytics Market Outlook, By Government (2020-2028) ($MN)
161 Middle East & Africa Bi and Analytics Market Outlook, By Banking, financial services and insurance (BFSI) (2020-2028) ($MN)
162 Middle East & Africa Bi and Analytics Market Outlook, By Retail (2020-2028) ($MN)
163 Middle East & Africa Bi and Analytics Market Outlook, By IT & Telecom (2020-2028) ($MN)
164 Middle East & Africa Bi and Analytics Market Outlook, By Media & Entertainment (2020-2028) ($MN)
165 Middle East & Africa Bi and Analytics Market Outlook, By Education (2020-2028) ($MN)
166 Middle East & Africa Bi and Analytics Market Outlook, By Manufacturing (2020-2028) ($MN)
167 Middle East & Africa Bi and Analytics Market Outlook, By Energy & Power (2020-2028) ($MN)
168 Middle East & Africa Bi and Analytics Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
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