Global Self Service BI Market Top Major Players 2024, Forecast To 2033
26 Feb, 2024
The self-service BI market has experienced robust growth, rising from $9.77 billion in 2023 to $11.24 billion in 2024, achieving a 15.0% CAGR. This expansion is attributed to the growth in data-driven decision-making, increased complexity of business data, demand for faster and agile business intelligence, and an emphasis on user empowerment in data analysis. The market is expected to see continued rapid growth, reaching $20.7 billion by 2028, fueled by the increasing integration of artificial intelligence and machine learning in self-service BI, augmented analytics adoption, a focus on data governance and security, expansion of self-service BI in cloud environments, and growth in natural language processing for querying and reporting. Major trends include real-time data analytics, mobile and collaborative features in self-service BI platforms, integration with data preparation and data wrangling tools, customization and personalization in self-service BI dashboards, and the use of self-service BI in embedded analytics for applications.
Global Self Service BI Market Key Driver
The rising adoption of cloud computing services globally is set to boost the self-service BI market. Businesses are leveraging cloud-based operations to enhance scalability, reduce costs, and mitigate risks, resulting in increased usage of self-service BI solutions. The O'Reilly survey in November 2021 indicates a 90% adoption rate of cloud computing, contributing to the projected 17% growth in the global public cloud services market to $266.4 billion in 2020, as reported by Gartner Inc.
Get A Free Sample Of The Global Self Service BI Market ReportGlobal Self Service BI Market Segments
The self-service bi market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Sales And Marketing, Customer Engagement And Analysis, Fraud And Security Management, Risk And Compliance Management, Predictive Asset Maintenance, Operations Management, Supply Chain Management And Procurement, Other Applications
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Retail And e-Commerce, Telecom And Information Technology, Government And Defense, Healthcare, Manufacturing, Media And Entertainment, Transportation And Logistics, Energy And Utilities, Other Industry Vertical
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the self-service BI market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-service bi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Self Service BI Industry Players
Microsoft Corporation; The International Business Machines Corporation.; Oracle Corporation.; SAP SE; SAS Institute Inc.; Alteryx Inc.; Birst Inc.; BOARD International S. A.; Domo Inc.; GoodData Corporation; InetSoft Technology Corp.; Information Builders Inc.; Logi Analytics Inc.; Looker Data Sciences Inc.; MicroStrategy Incorporated; Panorama Software Ltd.; Pentaho Corporation.; Phocas Software; Qlik Technologies Inc.; Sisense Inc.; Tableau Software LLC.; Targit A/S; Tibco Software Inc.; Yellowfin International Pty Ltd.; Zoho Corporation Pvt. Ltd.; 1010data Inc.; Workday Inc.; Arcadia Data Inc.; Datameer Inc.; Hitachi Vantara LLC.; Sweetspot Intelligence Inc.
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Self Service BI Market Overview
Self-service business intelligence (BI) refers to a data analytics approach that allows businesses and users to access and explore data sets. It enables users to create unique data visualizations and make informed decisions without prior knowledge of statistical analysis, data mining, or data manipulation. Self-service BI allows users to access data anytime and from any location with the help of the cloud.
Self Service BI Global Market Report 2023 provides data on the global self service bi market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The self service bi market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.