New York, NY -- (SBWire) -- 10/30/2017 --Over the two decades business intelligence platform has been playing an important role to make better utilization of corporate data for business benefits. It has been observed that not only enterprises but also government departments are also using business intelligence platform to improve their decision making process. Healthcare sector is also one of the important sectors where business intelligence platform providers are offering customized solutions to cater this vertical. Over the period business intelligence platform has changed with the touch of business integration and innovation to cater diversified industry verticals.
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Most of the enterprises are considering that business intelligence platform is an important initiatives which has shown positive impact on business performance. Business intelligence platform helps to store huge amount of data and to derive insights from the same to take intelligence business decisions.
Business Intelligence Platform Market: Drivers and Restraints
Increasing competition, growing number of multi-structured data sources, and awareness about smart data discovery tools drive the business intelligence platform market. Increasing competition among business intelligence platform vendors force to invest in innovative BI market, which leads to increase the demand for business intelligence platform. Emergence of structured and unstructured data sources needs the sophisticated software tools to derive meaningful insights for business management. Increasing awareness about data analytical tools leads to increase the demand for business intelligence platform tools.
However, high cost of business intelligence platform, lack of knowledge, poor performance of business intelligence platform limiting the demand for business intelligence platform tools. It also requires skilled employee to run BI tools in organization therefore lack of skilled people is also one of the major challenge for business intelligence platform market
Global Business Intelligence Platform Market: Market Segmentation
Segmentation on basis of Tools in Business Intelligence Platform market:
The major segments of BI Tools in Business Intelligence Market include:
Information Integration (ETL, EAI / ESB, CDC)
Information Storage (Data Warehouse, Cubes, Metadata)
Information Analytics (Enterprise Reports, OLAP Reports, Dashboards and Data Mining)
Segmentation on basis of end-user vertical in Business Intelligence Platform market:
The major segments of end-user vertical in business intelligence platform market include:
BFSI
Retail
Healthcare and Life Sciences
Telecommunication & IT
Government
Media and Entertainment
Transportation and Logistics
Others
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Key Players
Some of the prominent players in the business intelligence platform market include IBM Corporation, SAS Institute Inc., QlikTech International, Tableau Software, SAP SE, MicroStrategy, Inc.,
Growing Awareness in North America Region Will Support to Business Intelligence Platform Market Growth During 2017 - 2025
Increasing competition, growing number of multi-structured data sources, and awareness about smart data discovery tools drive the business intelligence platform market.