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The Global Market Size of Business Intelligence Platforms


Sep 12, 2023

The Global Business Intelligence Platform Market is projected to experience significant growth, with a predicted CAGR of 7.6% between 2023 and 2030. A business intelligence platform refers to a software solution or toolset that enables businesses to collect, analyze, and visualize data from various sources in order to make informed decisions. These platforms offer a unified environment for data discovery, reporting, dashboarding, and data mining, allowing organizations to transform raw data into actionable insights. The demand for data-driven insights, digital transformation initiatives, the proliferation of data sources, and the continuous improvement of BI technology to meet evolving business needs are driving the growth of the BI platform market.

According to RationalStat’s market assessment, the global Business Intelligence Platform market has been analyzed based on market segments such as type, business function, application, and geography/regions. The report provides market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030. It covers market value and volume analysis, demand assessment, customer sentiments, price points, cost structures, margin analysis, financial assessments, key developments, import-export data, trade overview, and insights on leading companies. The report also includes a 10-year outlook and industry analysis.

In terms of business function, the human resources segment is projected to register a higher CAGR during the forecast period due to the increased need for workforce management. In terms of application, the BFSI (Banking, Financial Services, and Insurance) segment is expected to hold the largest market share due to the sensitivity of financial data and the need for coordination with multiple industries.

The market for business intelligence platforms is highly competitive, with players adopting various strategies such as mergers & acquisitions, partnerships, collaborations, and product launches to gain a competitive edge. Key players in the market include Cloud9 Analytics, Google, IBM Corporation, Informatica, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., and Tableau Software.

The report provides a comprehensive analysis of the global Business Intelligence Platform market, including market value, volume, and market share analysis based on type, business function, application, and region. The regions covered include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa.

The report also answers key questions related to the market, such as the market value and size by 2030, market drivers, key trends, leading regions, and major companies operating in the market.

RationalStat has developed a robust research methodology combining industry experience, data analytics, and expert viewpoints to provide accurate market insights. The methodology includes data gathering from various sources, hypothesis formulation, data evaluation and analysis, and validation.

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