Business analytics software is a software that is designed to analyze business data to better understand an organization's strengths and weaknesses. Enterprise Software is a software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments.
Business Analytics & Enterprise Software Global Market Size
The global business analytics & enterprise software market was valued at $123.5 billion in 2017. Asia Pacific was the largest geographic region accounting for $48.8 billion or 39.5% of the global market. The USA was the largest country accounting for $29.2 billion or 23.7% of the global business analytics & enterprise software market.
Business Analytics & Enterprise Software Global Market Trend
Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software product companies would open source software that was not making money, but now companies are open sourcing software to increase its presence and share in the market. According to Allison Randal, President, Open Source Initiative, 78% of companies use open source solutions and 64% participate in open source projects indicating an increase in open source software platforms to build applications in 2015.
The companies covered are SAP, SAS Institute, IBM Corporation, Oracle Corporation, and Tableau Software Inc.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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