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Business intelligence market to hit USD 26.88 billion by 2021

Business intelligence market to hit USD 26.88 billion by 2021

The global Business Intelligence (BI) market to grow from USD 17.09 billion in 2016 to USD 26.88 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.5%.

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The BI market is growing rapidly because of the transition from traditional techniques to advanced BI and analytics techniques, and the massive adoption of cloud across verticals.

Factors such as varying structure of regulation policies and high investment costs are expected to limit the market growth.

Major players of Business Intelligence Market Report are:

The BI ecosystem comprises key vendors, such as Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Tableau Software (U.S.), SAS Institute (U.S.), Qlik Technologies (U.S.), MicroStrategy (U.S.), Information Builders (U.S.), TIBCO Software (U.S.), Pentaho (U.S.), Yellowfin International (Australia), Sisense (U.S.), and Panorama (Canada).

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Other stakeholders of the BI market include analytics service providers, consulting service providers, Information Technology (IT) service providers, resellers, enterprise users, and technology providers.

The complete report of Business Intelligence Market by Type (Platform, Software, Service), Data type (Unstructured, Semi-Structured, Structured), Business Application, Organization Size, Deployment Model, Industry Vertical, and Region - Global Forecast to 2021 is now available on www.rnrmarketresearch.com/business…rket-report.html

Break of primary participants in Business Intelligence Market was as mentioned below:

By Company – Tier 1 –22%, Tier 2 –30%, and Tier 3 –48%

By Designation – C-Level – 30%, Director Level –45%, and Others –25%

By Region – North America –48%, Europe – 30%, and APAC – 22%

FAQ’s regarding the Business Intelligence Market Report are:

What is Market Penetration of Business Intelligence?
Comprehensive information on the product portfolios of the top players in the Business Intelligence market

What is Product Development/Innovation of Business Intelligence?
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Business Intelligence market

What is Competitive Assessment of Business Intelligence?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Business Intelligence market

What is Market Development of Business Intelligence?
Comprehensive information about emerging markets. This report analyzes the market for various Business Intelligence products across geographies

What is Market Diversification of Business Intelligence?
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Business Intelligence market

Access the Business Intelligence Market Report at www.rnrmarketresearch.com/contacts…unt?rname=111842

The BI market revenue is primarily classified into revenues from platforms, software, and services. The platform revenue is associated with the infrastructure and architecture, provided to the IT developers, required to develop, deploy, and execute BI solutions.

The software revenue is associated with pre-built standalone BI application offerings, and the services revenue is associated with managed services and professional services. The professional services comprise system deployment & integration, support & maintenance, and consulting services.

The market is also segmented on the basis of data types, applications, deployment models, organization size, verticals, and regions.

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