How Has the Business Intelligence (BI) Vendors Market Size Evolved in Recent Years?
The business intelligence (bi) vendors market has seen considerable growth due to a variety of factors.
• The business intelligence (BI) vendors market has shown rapid growth, expected to increase from $28.38 billion in 2024 to $31.41 billion in 2025 at a CAGR of 10.7%.
Growth in the historical period can be attributed to the greater adoption of BI in businesses, accelerated decision-making processes, more data availability, the spread of mobile BI, and improved internal communications through mobile BI.
What Are The Predictions for The Business Intelligence (BI) Vendors Market in the Coming Years?
The business intelligence (bi) vendors market is expected to maintain its strong growth trajectory in upcoming years.
• The business intelligence (BI) vendors market is projected to grow to $46.63 billion by 2029, at a CAGR of 10.4%.
This growth is attributed to the increasing acceptance of data analytics, the rise of e-commerce, and the demand for real-time data analysis. Trends include IoT, big data usage, mobile BI capabilities, cloud BI services, and predictive analytics tools.
Which Drivers Are Accelerating Growth In The Business Intelligence (BI) Vendors Market?
The rising digitalization is expected to support the growth of the business intelligence (BI) vendors market. As businesses increasingly adopt digital technologies to improve efficiency, BI vendors are in demand for providing data-driven decision-making tools. A report by gov.uk revealed that the digital sector contributed $171.25 million to the UK economy in 2022, up from 7.1% in 2021, reflecting the growing demand for business intelligence tools.
What Are The Core Segments Of The Global Business Intelligence (BI) Vendors Market?
The business intelligence (BI) vendors market covered in this report is segmented –
1) By Component: Platform, Software, Solution, Services
2) By Data Type: Structured Data, Unstructured Data, Semi-Structured Data
3) By Technology: Mobile, Cloud, Social, Other Technologies
4) By Deployment Model: Cloud, On-Demand, On-Premises
5) By Application: Customer Relationship Management (CRM) Analytic Application, Financial Performance And Strategy Management, Production Planning Analytic Operations, Predictive Asset Maintenance, Fraud Detection And Security Management, Supply Chain Optimization Or Operations, Network Management And Optimization, Workforce Management, Sales And Marketing Management, Other Applications
Subsegments:
1) By Platform: Cloud-Based Bi Platforms, On-Premise Bi Platforms, Hybrid Bi Platforms, Self-Service Bi Platforms, Data Visualization Platforms, Data Warehousing Platforms
2) By Software: Data Analytics Software, Reporting And Querying Software, Dashboard Software, Predictive Analytics Software, Olap (Online Analytical Processing) Software, Data Mining Software, Etl (Extract, Transform, Load) Software
3) By Solution: Bi Reporting Solutions, Bi Dashboard Solutions, Data Integration Solutions, Cloud Bi Solutions, Predictive Analytics Solutions, Big Data Analytics Solutions
4) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Data Integration Services, Managed Bi Services, Custom Bi Solutions
Pre-Book The Business Intelligence (BI) Vendors Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Business Intelligence (BI) Vendors Market?
Companies in the business intelligence (BI) vendors market are developing AI-powered platforms to enhance data analytics capabilities. In May 2023, ThoughtSpot expanded its platform to provide AI-based analytics for businesses, enabling easier data discovery, analysis, and visualization, helping organizations make data-driven decisions more efficiently through features like conversational business intelligence and natural language search.
Who Are the Key Players In The Business Intelligence (BI) Vendors Market?
Major companies operating in the business intelligence (BI) vendors market are:
• Microsoft Corporation
• Verizon Communications Inc.
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Salesforce Inc.
• SAP SE
• Juniper Networks Inc.
• Cloud Software Group
• Citrix Systems Inc.
• Rackspace Technology Inc.
• SAS Institute Inc.
• Hitachi Vantara LLC
• TIBCO Software
• Pegasystems Inc.
• Tableau Software LLC
• QlikTech International AB
• MicroStrategy Incorporated
• ThoughtSpot Inc.
• ConnectWise LLC
• Sisense Inc.
• Mode Analytics Inc.
• Looker
• AT&T Intellectual Property
What Are The Regional Insights Into The Business Intelligence (BI) Vendors Market?
North America was the largest region in the business intelligence (BI) vendors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business intelligence (BI) vendors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
