Business Intelligence Market Share

The business intelligence (BI) market is a rapidly growing sector which includes a variety of software and analytics tools used to collect, organize, and analyze data for business decision-making. As companies across the globe continue to embrace digital transformation, the demand for BI solutions has continued to increase steadily. According to a recent report by MarketsandMarkets™, the global business intelligence market size is expected to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.

Leading Players in the Business Intelligence Market

The global business intelligence market is highly competitive and fragmented. The leading players in the market are constantly focused on developing new products and features, enhancing their existing offerings, and expanding their market reach through strategic partnerships and collaborations. Here are some of the top players in the BI market:

Microsoft Corporation
SAP SE
IBM Corporation
Oracle Corporation
SAS Institute Inc.
Tableau Software, LLC
MicroStrategy Incorporated
QlikTech International AB

As of 2020, Microsoft Corporation dominated the global business intelligence market with a 13.2% market share, followed by SAP SE, IBM Corporation, Oracle Corporation, and SAS Institute Inc. Other key players in the market include Tableau Software, LLC, MicroStrategy Incorporated, and QlikTech International AB.

Market Segmentation

The business intelligence market can be segmented by component, deployment mode, organization size, industry vertical, and region.

By Component:

Software
Services

By Deployment Mode:

Cloud
On-premises

By Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Industry Vertical:

BFSI (Banking, Financial Services, and Insurance)
IT and Telecommunications
Retail and E-commerce
Manufacturing
Healthcare and Life Sciences
Energy and Utilities
Government and Defense
Others

By Region:

North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Latin America

The North America region accounted for the largest share of the global business intelligence market in 2020, followed by Europe and the Asia Pacific. The growth of the market in North America is driven by the increasing adoption of cloud-based BI solutions and the presence of major market players in the region.

Conclusion

The global business intelligence market is highly fragmented and competitive, with several established players vying for market share. The growth of the market is fueled by the increasing demand for data-driven decision-making and the emergence of big data and advanced analytics technologies. As companies continue to embrace digital transformation and invest in BI solutions, the market is expected to witness steady growth in the coming years.