Business Intelligence and Analytics Market Size to Reach Value of USD 60.49 Billion by 2027 Growing at a CAGR of 11.2% | Emergen Research

Vancouver, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) — The global business intelligence and analytics market is expected to reach a value of USD 60.49 Billion by 2027, according to latest analysis by Emergen Research. Global business intelligence and analytics market revenue is projected to increase exponentially during the seven-year forecast period due to increasing demand for real-time performance measurement solutions across various sectors. Increasing demand for better sales forecasting and budgeting solutions is also expected to further boost global business intelligence and analytics market growth over the forecast period. Besides, rising application of advanced analytical solutions with deep learning, machine learning, and artificial intelligence technologies to generate reports effectively will stimulate global business intelligence and analytics market growth shortly.However, concerns and potential issues related to data breaches with the use business intelligence and analytics solutions are expected to impede global business intelligence and analytics market growth to some extent during the forecast period.Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ Companies in Business Intelligence and Analytics Market are:SAP SE, Oracle Corporation, Microsoft Corporation, TIBCO Software Inc., GoodData Corporation, International Business Machines Corporation, MicroStrategy Incorporated, Tableau Software, Inc., SAS Institute Inc., and Qlik Technologies Inc.Business Intelligence and Analytics Market Drivers During Forecast Period:By Technology Segment:The mobile app segment revenue is expected to expand at a rapid CAGR of 6.2% during the forecast period. Increasing global adoption of online food ordering mobile apps such as Zomato, FoodPanda, UberEats, Swiggy, Grubhub, and DoorDash is driving growth of the mobile apps segment currently. By Application Segment:Among the application segments, revenue from the sales & marketing segment is expected to register a significantly high CAGR of 11.6% during the forecast period. This high growth rate can be attributed to increasing adoption of busines intelligence and analytics solutions by end-users for the purpose of interpreting meaningful information from raw business data, and utilizing that information to identify potential sales opportunities.Due to growing demand for analytical solutions to accurately evaluate consumer behavior in the retail industry, the retail segment is projected to register a significantly robust revenue share contribution to the global business intelligence and analytics market during the forecast period.By Regional Segment:Asia Pacific market is expected to register rapid growth during the forecast period due to rising focus across industries in countries in this region to improve business performance by implementing business intelligence and analytical solutions to stay ahead in highly competitive scenarios.Key Highlights of ReportIn July 2020, Zalando SE implemented GoodData Corporation’s analytics tool to introduce ZMS Insights, which will allow brands to improve decision making. This also helps Zalando to become more cooperative by data sharing with brands, in order to help brand partners, and gain deeper understanding of customer behavior such as understanding which products customers want, and when they want them.ORDER NOW (Customized Report Delivered as per Your Specific Requirement)@ Research has segmented the global Business Intelligence and Analytics market on the basis of process type, data delivery, application, end-use, and region.Process Type Outlook (Revenue, USD Billion; 2020–2027)Online Transactional Processing (OLTP)Online Analytical Processing (OLAP)Data Delivery Outlook (Revenue, USD Billion; 2020–2027)Traditional channelsWeb portalWeb appEmailFile Transfer Protocol (FTP)Modern channelsCloud hostingSocial sharingApplication Outlook (Revenue, USD Billion; 2020–2027)Business managementPerformance managementStrategic planningProcess intelligenceCompetitive intelligenceIT managementApp analyticsWeb analyticsSecurity managementSales & MarketingCustomer behavior analysisCampaign managementCRMTargeted marketingInventory managementHuman resourceTalent managementHR analyticsSupply chain & LogisticsShipping & inventory controlSupplier & vendor managementSports and games analyticsEnd-use Outlook (Revenue, USD Billion; 2020–2027)EducationHealthcareManufacturingTelecommunicationInformation TechnologyRetailEntertainmentGovernmentEnergy & PowerFinancial ServicesOthersTo identify the key trends in the industry and read full summary click on the link: Outlook (Revenue, USD Billion; 2020–2027)North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaIndiaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:AI-Enabled Medical Imaging Solutions Market By Product (Software, Hardware), By Workflow (Image Acquisition, Image Analysis, Reporting, and Communication), By Therapeutic Application (General Imaging, Specialty Imaging), By Deployment Mode, By Modality, and By Region, Forecasts to 2027Smart Factory Market By Component (Industrial Robotics, Sensors, Control Devices, Industrial Network, Machine Vision), By Solution (PLC, PLM, MES, ERP, SCADA), By Industries (Process Industries and Discrete Industries), Forecasts to 2027Smart Manufacturing Market By Information Technology (Manufacturing Execution System, Industrial Communication), By Enabling Technology (Industrial Robotics, IIoT), By Industry (Aerospace & Defense, Automotive), Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press Release@

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