Global Business Intelligence market projected to exceed USD 69.10 billion by 2033 with CAGR of 8.93%.

From GlobeNewswire: 2024-06-19 15:00:00

The global Business Intelligence market is projected to exceed USD 69.10 billion by 2033, growing at a CAGR of 8.93% from 2023 to 2033. Business intelligence involves technology-driven processes that help in decision-making by analyzing data. The software segment is expected to dominate the market, with key players like IBM, Microsoft, and Tableau leading the market.

Cloud deployment is anticipated to hold the largest share of the global business intelligence market, allowing businesses to outsource infrastructure. The financial performance segment is predicted to lead in applications, driven by the need for efficient data analysis. North America is expected to be the largest market due to technological advancements and industry players like IBM and Microsoft.

Asia Pacific is forecasted to grow rapidly in the global business intelligence market, driven by increasing opportunities and investments in the region. Major vendors like IBM, Microsoft, and Oracle are engaging in product development, partnerships, and mergers to stay competitive. The market targets players, investors, government authorities, and resellers, offering insights at global, regional, and country levels.

Spherical Insights & Consulting provides market research and consulting services for various industries, delivering actionable insights and forecasting trends for decision-makers. The research covers a wide range of sectors, including financial, industrial, and government industries, with a focus on delivering ROI through forward-looking analysis.



Read more at GlobeNewswire: Global Business Intelligence Market Size To Worth USD 69.10