Self-service BI Market Size (2024 - 2029)

Self-service BI Market Analysis

The self-service BI Market is expected to grow at a CAGR of 15.5% during the forecast period. Self-service Business Intelligence (BI) allows business users and operators to access business data and examine them to generate insights even if they do not have any data science and analytical skill and expertise. The Self-service BI market witnessed a noticeable adoption across numerous business fields such as marketing, sales, human resource, operations, and finance, attributed to thorough competitive analysis and comfort of application for non-technical staff.

• Self-Service BI aids business operators from non-analytical backgrounds to make insights and data analyses. The Self-service BI market is facing a growing demand for the business fields attributed to its capability to convert business establishments into efficient data-driven organizations or businesses. The Self-service BI market is projected to grow over the forecast period owing to its capacity to decentralize the business analytical process.
• The Self-Service BI market serves as an advantage to non-technical business customers for studying and analyzing data insights by guiding down the business data. The self-service BI market is rapidly rising because of the shift from conventional BI tools for business data analysis to contemporary BI tools, along with the growing market of structured and unstructured data.
• The principal drivers for the global self-service BI market are the rising demand for generating in-depth competitive data analysis and expanding the business data volume. Other factors that amplify and boost the growth of the global self-service BI market include persistent changing businesses, the need for an improved analytic-driven organization, and the inability to meet business requests within the stipulated time.
• Furthermore, substantial initial capital expenditure is necessary to install self-service BI systems which act as a hindrance to the market.
• During the Covid-19 pandemic, the self-service BI market rose as companies throughout the globe used BI and analytics to implement their goals and plans for survival. The expanding adoption of the work-from-home idea in areas such as IT and telecom, media and entertainment, healthcare, e-commerce, retail, and BFSI had increased demand for the self-service BI market.

Self-service BI Industry Segmentation

Self-service business intelligence software allows business users to implement and install analytics solutions without the assistance of IT or data professionals and carry out data analysis without any coding knowledge and understanding. These tools permit the average employee to gain understanding and insights from data to better inform business strategy and decision-making.

The Self-service BI Market is segmented by Type (Software, Services), by Application (Predictive Asset Maintenance, Fraud, and Security Management, Sales and Marketing Management, Risk and Compliance Management, Supply Chain Management and Procurement, Operations Management, Customer Engagement, and Analysis), by Deployment Model ( On-Demand, On-Premises), by End-User Industry (Healthcare, Manufacturing, BFSI, Retail and E-commerce, Telecommunications, Media and Entertainment, Transportation and Logistics, Energy, and Utilities, Government and Defense) and Region.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.