Business Intelligence and Analytics Platforms Market Mergers and Acquisitions, Industry Drivers and Forecasts by 2028
Market Trends – Growing Competitiveness of Companies in Various Sectors
— Emerging research
VANCOUVER, BC, USA, July 11, 2022 /EINPresswire.com/ —
The Global Business Intelligence and Analytics Platforms Market The report offers in-depth insights and insights into the Business Intelligence and Analytics Platforms market regarding market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information about the Business Intelligence and Analytics Platforms market validated and verified by the industry experts and professionals. The report further sheds light on the emerging growth opportunities in the field of business that are expected to support the growth of the market.
The global business intelligence and analytics platforms market size is expected to reach USD 84.25 billion with a CAGR of 11.9% in 2028, according to the latest analysis from Emergen Research. The steady growth in business intelligence and analytics platform market revenue can be attributed to the growing demand for fast and accurate business data analytics. Business intelligence and analytics platforms allow companies to use custom reports or models to monitor key performance indicators (KPIs) through multiple data sources, such as financial, sales, and marketing data and operational.
Business Intelligence (BI) reports are prepared in real time to help businesses make accurate and timely decisions based on data. These platforms typically provide easy-to-understand visualizations, including graphs, charts, and tabular data presentations. Additionally, some business intelligence and analytics platforms generate interactive reports to allow users to switch between different variables to better understand key business metrics.
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The report also profiles established and emerging market players, covering business overview, product portfolio, strategic alliances, and business expansion strategies.
Major companies in the market report are Microsoft Corporation, SAS Institute Inc., IBM Corporation, MicroStartegy Inc., Tableau Software LLC, Tibco Software Inc., Oracle Corporation, QlikTech International AB, SAP SE, and Hitachi Vantara Corporation.
In January 2021, Information Builders, Inc. was acquired by Tibco Software Inc., a major player in the market. The acquisition was to add the data management and analytics skills of Information Builders to Tibco Software’s Connected Intelligence platform.
By platform type, the advanced and predictive analytics platform segment contributed a major share of revenue in 2020. Predictive analytics is widely deployed in the finance and insurance industry to generate reliable and accurate visualization of customer data to aid in effective business decision making.
For example, advanced analytics are used to determine credit scores to verify consumer creditworthiness and thereby reduce risk to businesses. Additionally, analyzing buying habits and customer responses is essential in designing marketing strategies, and predictive analytics can be used to analyze data to recognize new market opportunities.
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The report studies historical data of the Business Intelligence and Analytics Platforms market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends and other vital aspects.
Emergen Research has segmented the global business intelligence and analytics platform market on the basis of platform type, organization size, deployment mode, industry vertical, and region:
Platform Type Outlook (Revenue, USD Billion; 2018-2028)
Business intelligence platforms
Advanced and predictive analytics platforms
Enterprise Performance Management (CPM) Suite
Organization Size Outlook (Revenue, USD Billion; 2018-2028)
Small and medium enterprises
Deployment Mode Outlook (Revenue, USD Billion; 2018-2028)
On the site
Industry Vertical Outlook (Revenue, USD Billion; 2018-2028)
IT & Telecom
Media and entertainment
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The report addresses the following key points:
The report provides a forecast of the market drivers, restraints, and future opportunities for the Business Intelligence and Analytics Platforms Market.
The report further analyzes changing market dynamics
Regional analysis and segmentation of the Business Intelligence and Analytics Platforms Market with analysis of regions and segments expected to dominate market growth
Comprehensive competitive landscape mapping with key competitor profiles
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by leading companies
Revenue forecast, country scope, application information and product information
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