How big is the Business Intelligence (BI) Market?

The Business Intelligence (BI) Market size is expected to reach USD 33.34 billion in 2024 and grow at a CAGR of 13.16% to reach USD 61.86 billion by 2029. Read More

What is the current Business Intelligence (BI) Market size?

In 2024, the Business Intelligence (BI) Market size is expected to reach USD 33.34 billion. Read More

Who are the key players in Business Intelligence (BI) Market?

Rackspace US Inc., SAP SE, Oracle Corporation, Microsoft Corporation and Cisco Systems Inc. are the major companies operating in the Business Intelligence (BI) Market. Read More

Which is the fastest growing region in Business Intelligence (BI) Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Business Intelligence (BI) Market?

In 2024, the North America accounts for the largest market share in Business Intelligence (BI) Market. Read More

What years does this Business Intelligence (BI) Market cover, and what was the market size in 2023?

In 2023, the Business Intelligence (BI) Market size was estimated at USD 28.95 billion. The report covers the Business Intelligence (BI) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Business Intelligence (BI) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key trends shaping the Business Intelligence (BI) Vendor Market?

The key trends shaping the Business Intelligence (BI) Vendor Market are: a) Rise of Artificial Intelligence (AI) and machine learning (ML) in Business intelligence b) Growing importance of data visualization c) Shift towards self-service BI platforms d) Increasing adoption of data analytics by enterprises Read More

Business Intelligence (BI) Market - Size, Trends & Industry Statistics

Business Intelligence (BI) Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Market Share of Business Intelligence (BI) Software. The Market is Segmented by Component (Software and Platform and Services), Deployment (On-Premise and On-Cloud), End-User Industry (BFSI, IT and Telecommunication, Retail, Healthcare, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD Billion) for all the Above Segments.

Business Intelligence (BI) Industry Overview

The BI market is competitive with many healthy well-established players. The market players adopt strategic initiatives such as acquisitions, collaborations, mergers, and partnerships to get a competitive edge over other market players.

In May 2023, Rackspace US Inc. announced its collaboration with CCS Presentation Systems to successfully complete a complex cloud transition. This transition resulted in enhanced security, scalability, and productivity by adopting a cloud-native environment. Rackspace Technology provided consulting and advisory services, along with Rackspace Elastic Engineering for Microsoft Azure, enabling optimizing their remote workforce and reducing the total cost of ownership (TCO).

In November 2022, GoodData announced the general availability of GoodData Cloud on Amazon Web Services (AWS). The next-generation cloud analytics platform prioritizes ease of adoption, application programming interface (API)-first design, and integration with the modern data stack. With the worldwide accessibility of GoodData Cloud on AWS, GoodData can deliver scalable analytics services that adhere to local laws and compliance regulations everywhere.