Business Intelligence Market

Executive Summary

Business Intelligence Market was valued at US $26.30 billion in 2021 and is projected to grow at 9.34% CAGR over the forecast period to reach US $44.93 billion by 2027. Business Intelligence Market represented US $4.30 billion opportunity over 2019-2021 and estimated to create US $18.64 billion opportunity in 2027 over 2021.

Business Intelligence from Consainsights analyses the Business Intelligence Market in the Technology & Media industry over the forecast period to 2027.

Business Intelligence research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Business Intelligence segmentation includes Component, Solution, Service, Deployment Mode, Organization Size, Business Function, Industry Vertical and Geography.

Based on the Component, the Business Intelligence analysis covers Solutions, Services.

In Component segment, Solutions segment has highest cagr growth of 8.26%.

Based on the Solution, the Business Intelligence analysis covers Dashboards and Scorecards, Data Integration and Etl, Reporting and Visualization, Query and Analysis.

In Solution segment, Dashboards and Scorecards segment has highest cagr growth of 8.26%.

Based on the Service, the Business Intelligence analysis covers Consulting, Integration and Deployment, Support and Maintenance.

In Service segment, Consulting segment has highest cagr growth of 8.26%.

Based on the Deployment Mode, the Business Intelligence analysis covers On-Premises, Cloud.

In Deployment Mode segment, On-Premises segment has highest cagr growth of 8.26%.

Based on the Organization Size, the Business Intelligence analysis covers Large Enterprises, Small and Medium-Sized Enterprises.

In Organization Size segment, Large Enterprises segment has highest cagr growth of 8.26%.

Based on the Business Function, the Business Intelligence analysis covers Human Resource, Finance, Operation, Sales and Marketing.

In Business Function segment, Human Resource segment has highest cagr growth of 8.26%.

Based on the Industry Vertical, the Business Intelligence analysis covers Banking, Financial Services, and Insurance, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Retail, Media and Entertainment, Telecom and Information Technology, Transportation and Logistics, Tourism and Hospitality, Other Industry Verticals.

In Industry Vertical segment, Banking, Financial Services, and Insurance segment has highest cagr growth of 8.26%.

Based on the region, the Business Intelligence analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include IBM, Oracle, Microsoft, Sap, Sas Institute, Google, Amazon Web Services, Salesforce, Microstrategy, Teradata, Domo, Tibco Software, Information Builders, Sisense, Yellowfin, Qlik, Board International, Infor, Dundas, Targit, Zoho, Vphrase, Dotdata, Amlgo Labs, Pentation Analytics, Hitachi Vantara, Outlier, Conversight.Ai, Element Data, Alteryx, Thoughtspot and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Solutions segment has the highest revenue of US $12.67 billion and is expected to grow at CAGR of 8.26% by 2027 Solutions segment has highest cagr growth of 8.26%.

Solutions

Solutions segment was valued at US $10.60 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $21.66 billion by 2027. Solutions segment represented US $2.07 billion opportunity over 2019-2021 and estimated to create US $8.98 billion opportunity in 2027 over 2021.

Services

Services segment was valued at US $4.29 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $8.77 billion by 2027. Services segment represented US $0.84 billion opportunity over 2019-2021 and estimated to create US $3.64 billion opportunity in 2027 over 2021.

Solution

Introduction

In 2021, Dashboards and Scorecards segment has the highest revenue of US $12.15 billion and is expected to grow at CAGR of 8.26% by 2027 Dashboards and Scorecards segment has highest cagr growth of 8.26%.

Dashboards and Scorecards

Dashboards and Scorecards segment was valued at US $10.16 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $20.76 billion by 2027. Dashboards and Scorecards segment represented US $1.99 billion opportunity over 2019-2021 and estimated to create US $8.61 billion opportunity in 2027 over 2021.

Data Integration and Etl

Data Integration and Etl segment was valued at US $6.76 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $13.80 billion by 2027. Data Integration and Etl segment represented US $1.32 billion opportunity over 2019-2021 and estimated to create US $5.72 billion opportunity in 2027 over 2021.

Reporting and Visualization

Reporting and Visualization segment was valued at US $2.31 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $4.73 billion by 2027. Reporting and Visualization segment represented US $0.45 billion opportunity over 2019-2021 and estimated to create US $1.96 billion opportunity in 2027 over 2021.

Query and Analysis

Query and Analysis segment was valued at US $2.77 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $5.65 billion by 2027. Query and Analysis segment represented US $0.54 billion opportunity over 2019-2021 and estimated to create US $2.34 billion opportunity in 2027 over 2021.

Service

Introduction

In 2021, Consulting segment has the highest revenue of US $15.76 billion and is expected to grow at CAGR of 8.26% by 2027 Consulting segment has highest cagr growth of 8.26%.

Consulting

Consulting segment was valued at US $13.19 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $26.93 billion by 2027. Consulting segment represented US $2.58 billion opportunity over 2019-2021 and estimated to create US $11.17 billion opportunity in 2027 over 2021.

Integration and Deployment

Integration and Deployment segment was valued at US $6.83 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $13.96 billion by 2027. Integration and Deployment segment represented US $1.34 billion opportunity over 2019-2021 and estimated to create US $5.79 billion opportunity in 2027 over 2021.

Support and Maintenance

Support and Maintenance segment was valued at US $1.98 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $4.04 billion by 2027. Support and Maintenance segment represented US $0.39 billion opportunity over 2019-2021 and estimated to create US $1.68 billion opportunity in 2027 over 2021.

Deployment Mode

Introduction

In 2021, On-Premises segment has the highest revenue of US $14.84 billion and is expected to grow at CAGR of 8.26% by 2027 On-Premises segment has highest cagr growth of 8.26%.

On-Premises

On-Premises segment was valued at US $12.41 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $25.35 billion by 2027. On-Premises segment represented US $2.43 billion opportunity over 2019-2021 and estimated to create US $10.52 billion opportunity in 2027 over 2021.

Cloud

Cloud segment was valued at US $4.67 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $9.55 billion by 2027. Cloud segment represented US $0.91 billion opportunity over 2019-2021 and estimated to create US $3.96 billion opportunity in 2027 over 2021.

Organization Size

Introduction

In 2021, Large Enterprises segment has the highest revenue of US $12.89 billion and is expected to grow at CAGR of 8.26% by 2027 Large Enterprises segment has highest cagr growth of 8.26%.

Large Enterprises

Large Enterprises segment was valued at US $10.78 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $22.03 billion by 2027. Large Enterprises segment represented US $2.11 billion opportunity over 2019-2021 and estimated to create US $9.14 billion opportunity in 2027 over 2021.

Small and Medium-Sized Enterprises

Small and Medium-Sized Enterprises segment was valued at US $7.93 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $16.19 billion by 2027. Small and Medium-Sized Enterprises segment represented US $1.55 billion opportunity over 2019-2021 and estimated to create US $6.72 billion opportunity in 2027 over 2021.

Business Function

Introduction

In 2021, Human Resource segment has the highest revenue of US $9.41 billion and is expected to grow at CAGR of 8.26% by 2027 Human Resource segment has highest cagr growth of 8.26%.

Human Resource

Human Resource segment was valued at US $7.87 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $16.07 billion by 2027. Human Resource segment represented US $1.54 billion opportunity over 2019-2021 and estimated to create US $6.67 billion opportunity in 2027 over 2021.

Finance

Finance segment was valued at US $5.69 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $11.62 billion by 2027. Finance segment represented US $1.11 billion opportunity over 2019-2021 and estimated to create US $4.82 billion opportunity in 2027 over 2021.

Operation

Operation segment was valued at US $5.36 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $10.96 billion by 2027. Operation segment represented US $1.05 billion opportunity over 2019-2021 and estimated to create US $4.55 billion opportunity in 2027 over 2021.

Sales and Marketing

Sales and Marketing segment was valued at US $3.08 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $6.28 billion by 2027. Sales and Marketing segment represented US $0.60 billion opportunity over 2019-2021 and estimated to create US $2.61 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, Banking, Financial Services, and Insurance segment has the highest revenue of US $10.06 billion and is expected to grow at CAGR of 8.26% by 2027 Banking, Financial Services, and Insurance segment has highest cagr growth of 8.26%.

Banking, Financial Services, and Insurance

Banking, Financial Services, and Insurance segment was valued at US $8.41 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $17.18 billion by 2027. Banking, Financial Services, and Insurance segment represented US $1.64 billion opportunity over 2019-2021 and estimated to create US $7.13 billion opportunity in 2027 over 2021.

Government and Public Sector

Government and Public Sector segment was valued at US $5.11 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $10.43 billion by 2027. Government and Public Sector segment represented US $1.00 billion opportunity over 2019-2021 and estimated to create US $4.33 billion opportunity in 2027 over 2021.

Healthcare and Life Sciences

Healthcare and Life Sciences segment was valued at US $3.23 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $6.60 billion by 2027. Healthcare and Life Sciences segment represented US $0.63 billion opportunity over 2019-2021 and estimated to create US $2.74 billion opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $2.02 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $4.13 billion by 2027. Manufacturing segment represented US $0.40 billion opportunity over 2019-2021 and estimated to create US $1.71 billion opportunity in 2027 over 2021.

Retail

Retail segment was valued at US $1.29 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $2.64 billion by 2027. Retail segment represented US $0.25 billion opportunity over 2019-2021 and estimated to create US $1.09 billion opportunity in 2027 over 2021.

Media and Entertainment

Media and Entertainment segment was valued at US $0.83 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $1.70 billion by 2027. Media and Entertainment segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.71 billion opportunity in 2027 over 2021.

Telecom and Information Technology

Telecom and Information Technology segment was valued at US $0.53 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $1.09 billion by 2027. Telecom and Information Technology segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.45 billion opportunity in 2027 over 2021.

Transportation and Logistics

Transportation and Logistics segment was valued at US $0.26 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $0.54 billion by 2027. Transportation and Logistics segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.22 billion opportunity in 2027 over 2021.

Tourism and Hospitality

Tourism and Hospitality segment was valued at US $0.23 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $0.47 billion by 2027. Tourism and Hospitality segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.19 billion opportunity in 2027 over 2021.

Other Industry Verticals

Other Industry Verticals segment was valued at US $0.07 billion in 2019 and is projected to grow at 8.26% CAGR over the forecast period to reach US $0.15 billion by 2027. Other Industry Verticals segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.06 billion opportunity in 2027 over 2021.