Business Intelligence Platform Market Growth of CAGR +15% By Challenges, Standardization, Operator Case Studies And Key Players Gear,Toys, Apparel, Tibco Software, Microstrategy, Tableau, Qlik, and Pentaho

Houston, TX -- (SBWire) -- 02/21/2019 --government, BFSI, telecom and IT, media and entertainment, education, energy and power, manufacturing, Analysis and market size forecasts to define the business intelligence platform market based on deployment type, user type, industry vertical and geographic region. This report also identifies factors that affect this market, along with various constraints and adoption trends. Identify opportunities.

The business intelligence (BI) market is expected to reach $ 890 million by 2016 from $ 4.4 billion in 2018, and is expected to grow at a CAGR of +15% over the forecast period. The study included four key activities to predict the current market size. A thorough second study was conducted to gather information about the market, the peer market and the top market.

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broadly segments the business intelligence platform market by region: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by deployment type: Cloud and on-premise; by user type: SMBs and large enterprises; by industry vertical: healthcare, retail, government, BFSI, telecom & IT, media & entertainment, education, energy & power, manufacturing, and others.

With the enormous rise in the data generated in organizations, business intelligence and analytics industry have been rapidly growing. Business intelligence and analytics solutions offer attractive opportunity to the organizations that are yet to be fully embraced. These solutions help the companies to analyze structured and unstructured data generated at various sources and transform the same into useful and meaningful insights. Organizations now look for these solutions in order to solve their business problems that also help them improve their overall business performance and stay competitive in the market.

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In the last few years business intelligence and analytics has opened up new opportunities for organizations to analyze the data, and use these solutions to enhance the overall efficiency of businesses. However, the potential of this tool has not been fully exploited due to the complex implementation process and lack of experienced professionals in the organizations.

Business intelligence platform offers an impressive number of new opportunities to the organizations and help them generate data driven insights with the help of data mining, dashboards, reporting and query, OLAP and visualization, and other features of the platform.

The major vendors of the global business intelligence platform market are SAP, SAS, IBM, Oracle, Microsoft, Tibco Software, Microstrategy, Tableau, Qlik, and Pentaho. The major factors driving the adoption of business intelligence platform are – increase in data generation, low cost of data storage, affordability, increasing competition, need to take better business decisions, and mobile business intelligence.

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Finally, researchers throw light on pinpoint analysis of global market dynamics such as Business Intelligence Platform It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter's five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales