Pune, India -- (SBWIRE) -- 01/25/2018 -- The demand in this market is highly driven by self-service business intelligence and analytics tools. Furthermore shifting interest in cloud deployment, mobile BI solutions, and increasing compeltition are some other factors pushing this market and creating value in the market. Interesting dashboards with distinct features are continually evolving for maximizing end user experience and remain competitive in the market.

Qy Reports recently announced the addition of a new research report, titled "Global Business Intelligence and Analytics Software Market 2017 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021." This report presents a comprehensive overview of the primary segments in this market. The currently leading subdivision and the subdivision predicted to lead the market in the coming years have also been summarized in this study. Additionally, an up-to-date information on the key products presented by the leading players operating in the market has also been accessible through this study. Similarly, the sales and revenue figures of these products also form a key part of this study.

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In fact as the data proliferates business intelligence needs more detailed analysis of large volume of structured and unstructured data, this introduced concept of analytics into business intelligence. Business Intelligence and Analytics extract important information from organizations data, thereby enhancing the business operations by analyzing the current and future course of action and taking strategic decision making. It provides visibility to every business process, therefore these solutions have ubiquitous role in every industry vertical. As the technologies evolve Business Intelligence and analytics has undergone numerous changes by adapting to the new trends.

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering: TIBCO Software, MicroStrategy, Tableau Software, OpenText,
IBM, Oracle, Microsoft, SAP, SAS

By Application, the market can be split into: Healthcare, BFSI, Media and entertainment,Energy and Power

The Global Business Intelligence and Analytics Software Market, which was esteemed at US$ XX billion in 2017, is relied upon to achieve an estimation of US$ XX billion by 2021, developing at a CAGR of XX% amid the forecast time frame 2017-2021. The US market alone is forecast to be worth $XX billion in 2021, accounting for XX% of the overall market.

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Rapid deployment, power data mining, performance management, ultimate optimization and curbing implementation challenges are some of benefits offered by business intelligence and analytics software. Self-service business intelligence is highly in demand by the end users as a result of which vendors develop specialized tools mastered in using tools without any technical assistance.For this many niche players such as Tableau software, Qlik technologies, and many others has emerged and expected to evolve in the coming time. Talking about the industry verticals, healthcare industry is rapidly adopting business intelligence tools while BFSI and retail vertical are capturing maximum of the market.

This market is majorly driven by bringing your own device (BYOD) used by the enterprises and increasing usage of advanced cloud computing systems by the organizations. The foremost challenges in the enhancement of Global Business Intelligence and Analytics Software Market could be the low mindfulness among the end users, for example, web-based social networking, manufacturing, utilities, government bodies' ventures and low rate of approval of most recent technological advancements.

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Software application developed to acquire, convert, analyze and report data for BI (business intelligence) are known as business intelligence and analytics software. Furthermore, these tools are used to read information that have already been stored, not necessarily in data mart. Besides this, the tool helps front line users to design reports as well as perform analytics, ensuring less dependency on information technology department.