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Global Self Service Business Intelligence BI Market Price 2024, Forecast To 2033

19 Sep, 2024

The self-service business intelligence (BI) market has experienced rapid growth, expanding from $8.47 billion in 2023 to $10.02 billion in 2024, with a compound annual growth rate (CAGR) of 18.3%. This growth is fueled by the increasing adoption of remote work, a rise in self-service BI software usage, government initiatives to digitalize financial and retail sectors, and a growing demand for self-service dashboards among business users. The market is projected to continue its strong growth, reaching $19.70 billion by 2028, with a CAGR of 18.4%. This anticipated expansion is driven by the rising need for self-service dashboards, real-time insights, growing cloud adoption, ongoing digitalization efforts, and the demand for real-time analytics. Major trends include innovations in production, integration of automation solutions, advancements in BI tools technology, and strategic collaborations and partnerships.

Major Driver In The Self Service Business Intelligence BI Market

The growing penetration of e-commerce is expected to propel the self-service business intelligence (BI) market. E-commerce facilitates online transactions for goods and services, driven by convenience, expanding internet access, and shifting consumer preferences. Self-service BI tools enhance e-commerce operations by improving efficiency, profitability, and providing real-time business insights. The United States Census Bureau reported that U.S. retail e-commerce sales reached $289.2 billion in Q1 2024, reflecting a 2.1% increase from Q4 2023. The growing penetration of e-commerce is thus driving the self-service BI market.

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Self Service Business Intelligence BI Market Competitive Landscape

Amazon.com Inc, Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc, Tableau Software LLC, ZOHO Corporation Pvt Ltd, Alteryx Inc, MicroStrategy Inc, Cloud Software Group, Qlik Technologies Inc, Domo Inc, Sisense Ltd, ThoughtSpot Inc, Pyramid Analytics, Yellowfin International Pvt Ltd, AnswerRocket, TARGIT AS, Dundas Data Visualization Inc, Datapine GmbH, Birst Group Inc, Power BI

Key Self Service Business Intelligence BI Market Trend

Companies in the self-service business intelligence (BI) market are developing no-code, self-service platforms to democratize data access and enable quick, data-driven decision-making. No-code, self-service platforms allow users to create and manage applications or perform data analysis without coding. In July 2023, Comsense Technologies, a US-based marketing technology consulting firm, introduced IntellSense, a self-service BI and reporting tool. IntellSense features over 200 key performance indicators (KPIs) and a no-code platform, streamlining dashboard creation and data visualization with a 10-day implementation timeline.

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Self Service Business Intelligence BI Market Segmentation

The self-service business intelligence (BI) market covered in this report is segmented –
1) By Type: Software, Services
2) By Business Function: Finance, Marketing, Sales, Operations And Human Resources
3) By Deployment Model: On-Premises, On-Demand
4) By Application: Fraud And Security Management, Sales And Marketing Management, Predictive Asset Maintenance, Risk And Compliance Management, Customer Engagement And Analysis, Supply Chain Management And Procurement, Operations Management, Other Applications
5) By End-User Industry: Banking, Financial Services And Insurance (BFSI), Information technology(IT) And Telecommunication, Healthcare, Transportation And Logistics, Retail And E-Commerce, Media And Entertainment, Government And Defense, Manufacturing, Other End User Industries
By Geography:The regions covered in the self-service business intelligence (BI) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the self-service business intelligence (BI) market in 2023.

The Self Service Business Intelligence BI Global Market Report 2024 furnishes information about the global self service business intelligence bi market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.