Business Intelligence and Analytics Software Market will reach $26.78 Business Intelligence

Business Intelligence and Analytics
Software Market - Global Forecast to 2021

Business Intelligence and Analytics Software Market projected to $26.78 Billion by 2020
– New Report by MarketsandMarkets
According to new market research report on "Business Intelligence and Analytics Software Market by Segment
(BI platforms, CPM Suite, Advanced and Predictive Analytics, Content Analytics, Analytics Application), by
Services, by Deployment Mode, by Org. Size, by Verticals, by Regions - Global Forecast to 2020" by
MarketsandMarkets. The Gobal Business Intelligence and Analytics Software Market is expected to grow from
$17.90 Billion in 2015 to $26.78 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 8.4%.
Browse 67 market data Tables and 58 Figures spread through 156 Pages and in-depth TOC on
" Business Intelligence and Analytics Software Market- Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/business-intelligence-analytics-software-market247431917.html
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Business Intelligence and Analytics Market is an amalgamation of two major segments which includes business
intelligence and analytics. In fact as the data proliferates business intelligence needs more detailed analysis of
large volume of structured and unstructured data, this introduced concept of analytics into business intelligence.
Business Intelligence and Analytics extract important information from organizations data, thereby enhancing the
business operations by analyzing the current and future course of action and taking strategic decision making. It
provides visibility to every business process, therefore these solutions have ubiquitous role in every industry
vertical. As the technologies evolve Business Intelligence and analytics has undergone numerous changes by
adapting to the new trends.
Some of the major technology vendors include
Oracle

IBM

Microsoft

SAP

SAS

Self-service business intelligence is highly in demand by the end users as a result of which vendors develop
specialized tools mastered in using tools without any technical assistance. The demand in this market is highly
driven by self-service business intelligence and analytics tools. Furthermore shifting interest in cloud deployment,
mobile BI solutions, and increasing competition are some other factors pushing this market and creating value in
the market. Interesting dashboards with distinct features are continually evolving for maximizing end user
experience and remain competitive in the market. For this many niche players such as Tableau software, Qlik
technologies, and many others has emerged and expected to evolve in the coming time. Talking about the industry
verticals, healthcare industry is rapidly adopting business intelligence tools while BFSI and retail vertical are
capturing maximum of the market.
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