Sunday 30 September 2018

Natural Language Generation Market worth 825.3 Million USD by 2023


According to the new market research report "Natural Language Generation (NLG) Market by Application (CEM, Fraud Detection & Anti-money laundering), Component (Software & Services), Business Function, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, The natural language generation market is expected to grow from USD 322.1 Million in 2018 to USD 825.3 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.8% during the forecast period

Don’t miss out on business opportunities in Natural Language Generation Market. Speak to our analyst and gain crucial industry insights that will help your business grow:

Factors such as the increasing businesses’ need to understand customers’ behavior is expected to drive the global natural language generation market.

The retail and eCommerce industry vertical is expected to have the largest market share during the forecast period.

In terms of industry verticals, the retail and eCommerce industry vertical is expected to continue to have the largest market share during the forecast period. The increasing use of internet-connected devices impacted businesses, as online retailers are recreating personalized store-like shopping environments for their customers. With huge volumes of customer and product-related data, NLG software and services can generate unique content and make product-related information more narrative.

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87 - Tables
35 - Figures
154 - Pages

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The cloud deployment model is expected to grow at a higher CAGR during the forecast period.

Cloud-based deployments are witnessing a surge in demand, because these deployments are cost-effective and available easily. Owing to low hardware requirements, cloud-based solutions incur low maintenance costs with 24/7 accessibility from anytime, anywhere. Due to advancements in cloud technologies and an increase in data generation from various constituents and customers, the cloud-based deployments would exceed on-premises deployments. Cloud solutions simplify the applicability of NLG tools across organizations and offer a competitive edge by allowing organizations to focus on their competencies.

North America is expected to constitute the largest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR during the forecast period.

In terms of market shares, North America is expected to continue to dominate its position during the forecast period. This can be attributed to the presence of various developed economies, such as the US and Canada, and its focus on innovating the existing solutions. Enterprises are implementing Artificial Intelligence (AI) and semantics, so that IT systems can help in resolving their queries and performing daily operations. This, in turn, increased the demand for NLG software and services among all the major industry verticals in North America. Enterprises offer the best end-user experience and provide the best services by using the NLG technology-based software and services. The APAC region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing technological expenditure in countries such as China, Japan, and Singapore. Owing to the increasing amount of data in numerous formats, the adoption of NLG software and services is expected to drive the growth of the market.


Major vendors who offer NLG software and services include Arria NLG (UK), Yseop (US), IBM (US), Automated Insights (US), Artificial Solutions (Spain), NarrativeWave (US), Narrative Science (US), Narrativa (UAE), Amazon Web Services (AWS) (US), Retresco (Germany), Phrasee (UK), Conversica (Conversica) (US), Linguastat (US), NewsRx (US), vPhrase (India), Phrasetech (Israel), CoGenTex (CoGenTex) (US), AX Semantics (Germany), Textual Relations (Sweden), and 2txt - natural language generation GmbH (2txt) (Germany). Other stakeholders of the natural language generation market include vendors, such as research organizations, network, system integrators, natural language generation managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.

Browse Adjacent Markets @   Natural Language Generation Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441





Application Management Services Market worth 27.83 Billion USD by 2022


According to the new market research report "Application Management Services Market by Service (Application Portfolio Assessment, Application Modernization, Application Maintenance and Support, and Application Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The application management services market is expected to grow from USD 10.67 Billion in 2017 to USD 27.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period.

Don’t miss out on business opportunities in Application Management Services Market. Speak to our analyst and gain crucial industry insights that will help your business grow:


 Major drivers for the application management services market are the increasing need for business agility, accelerated time-to-market, emergence of BYOD, and proliferation of mobile applications.

Application modernization services segment is expected to hold the largest market share during the forecast period

Due to the increasing number of applications and accelerated time-to-market, the enterprises are focusing towards the modernization of their applications. The modern-day application modernization services include reintegration, replatforming, rehosting, reengineering, interoperability, and replacement. The application modernization services offer the enterprises with benefits, such as faster time-to-market, increase in the productivity, higher application performance gain, and increased operational efficiency. Owing to these benefits, the deployment of application modernization services is higher in the application management market.

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126 - Pages

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Banking, Financial Services, and Investment (BFSI) vertical is expected to hold the largest market size during the forecast period

The BFSI vertical is expected to hold the largest market size during the forecast period, owing to the rapid increase in online transactions and trading. The risk level in the BFSI sector is always high as it deals with the critical financial data. This sector is accelerating its digital transformation strategy by implementing new technologies and modernizing its existing applications. The BFSI vertical mainly faces regulatory compliance difficulties, challenges to attract new customers, and increase customer profitability. To address this challenge, the enterprises are emphasizing on application management solutions and services. The major part of the BFSI IT spending is utilized for the IT infrastructure maintenance and running the existing technology; to reduce this expense, the enterprises are adopting the application management services at a higher rate.

North America is expected to hold the largest market share during the forecast period

As per the geographic analysis, North America is expected to hold the largest market share during the forecast period. This is due to the presence of most of the large application management service providers, and stringent data security regulations and compliance. These enterprises are modernizing their legacy applications and migrating to cloud environment. The US and Canada are leading in the number of applications deployed globally.


Major vendors covered in the application management services market include Accenture (Republic of Ireland), Atos (France), Capgemini (France), Cognizant (US), Fujitsu (Japan), DXC (US), HCL (India), IBM (US), Wipro (India), and Tech Mahindra (India).

Browse Adjacent Markets @  Application Management Services Market Research Reports & Consulting
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441


Thursday 20 September 2018

Enterprise Video Market Expected to Grow at the Highest CAGR During the Forecast Period


The global enterprise video market projected to grow from an estimated USD 16.34 Billion in 2017 to USD 40.84 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.1% from 2017 to 2022. The major drivers for the upsurge in demand in the market include the growing demand for video streaming and increasing internet penetration as well as exponentially increasing adoption of cloud technology across businesses.



Based on application, the knowledge sharing & collaboration segment is expected to hold the largest share of the enterprise video market. Knowledge sharing & collaboration video applications help enterprises stimulate creativity and engagement as well as innovation. By adopting enterprise video solutions, enterprises encourage their employees to exchange ideas, discuss projects, access data, and solve problems. Thus, the use of video communications for knowledge sharing & collaboration is expected to be the leading application among enterprises.

Based on deployment mode, the enterprise video market has been segmented into cloud, hybrid, and on-premises. The rise in the number of remote and mobile users as well as new branch office locations of enterprises all over the globe is spurring the need for hybrid video conferencing deployments. Thus, the demand for hybrid deployments is expected to grow rapidly at the highest CAGR during the forecast period.

The enterprise video market includes players such as Adobe Systems Incorporated (US), Brightcove Inc. (US), Avaya, Inc. (US), Vidyo, Inc. (US), VBrick Systems Inc. (US), MediaPlatform, Inc. (US), Polycom, Inc. (US), Cisco Systems, Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Kaltura (US), and Ooyala, Inc. (US).
https://www.marketsandmarkets.com/Market-Reports/enterprise-video-market-1182.html
Key Target Audience
  • Enterprise Video Solution & Platform Vendors
  • IT Developers
  • Consulting Service Providers
  • Telecom Operators
  • Over-the-top Players (OTT)
  • Cloud Service Providers
  • Government Agencies
  • Network and System Integrators
  • Software Vendors
  • Content Delivery Network Providers
  • Web and Video Conferencing Service Providers
  • Webcasting Service Providers
  • Video Content Management Software Providers
  • Video On-demand Service Providers
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

Know More - https://www.marketsandmarkets.com/top-market-reports.asp








Business Intelligence Market Overview : Opportunities & Challenges


Business Intelligence (BI) solutions enable business users to access business data volumes and analyze them to generate insights, though they do not have data science and analytical skills. The global business intelligence market size expected to grow from USD 17.09 Billion in 2016 to USD 26.88 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.5%. The year 2015 considered to be the base year, while the forecast period between 2016 and 2021.
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 The BI market segmented by platforms, software, and services. The services segment expected to grow at the highest CAGR during the forecast period, out of which the consulting services sub segments in the professional services segment projected to witness the highest demand due to the growing need of BI solutions across organizations.

The Banking, Financial Services, and Insurance (BFSI) vertical estimated to hold the largest share of the BI market in 2016. The Business intelligence market growth in the BFSI vertical fueled by the growing need to simplify the workload related to security and the increasing dependence on data generated from various Information Technology (IT) systems used for the financial transactions. The manufacturing vertical expected to grow at the highest CAGR during the forecast period, due to the increasing need to store and manage data coming from various connected manufacturing devices.

The BI market segmented by data type into structured, unstructured, and semi-structured data types. The unstructured data type expected to grow at unprecedented levels with the proliferation of IoT devices, smart cities, sensors, and cameras. Capturing unstructured data and generating insights from this data will eventually help enterprises to uncover customer shopping patterns and detect trends that will help them to serve customers in a better way.

The BI ecosystem comprises key vendors, such as Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Tableau Software (U.S.), SAS Institute (U.S.), Qlik Technologies (U.S.), MicroStrategy (U.S.), Information Builders (U.S.), TIBCO Software (U.S.), Pentaho (U.S.), Yellowfin International (Australia), Sisense (U.S.), and Panorama (Canada). Other stakeholders of the BI market include analytics service providers, consulting service providers, Information Technology (IT) service providers, resellers, enterprise users, and technology providers.

The target audiences of the Business intelligence market report are:
  • Solution vendors
  • Original equipment manufacturers
  • System integrators
  • Advisory firms
  • National regulatory authorities
  • Venture capitalists
  • Private equity groups
  • Investment houses
  • Equity research firms



About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

Wednesday 19 September 2018

Predictive Analytics Market Expected Huge Growth Opportunity in Future


The predictive analytics market size is expected to grow from USD 3.85 Billion in 2016 to USD 12.41 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.1%. The major growth drivers of the market include an increasing business interest toward advanced analytics for future estimations. The base year considered for this report is 2016, and the market forecast period is 2017–2022.


The report provides detailed insights into the global predictive analytics market, which is segmented by type (solutions and services), deployment model, organization size, industry vertical, and region. In the types segment, the risk analytics solution is expected to have the largest market share during the forecast period. Vendors provide software and solutions that assist companies with data collection and data analysis for generating meaningful insights. Predictive analytics helps in recognizing the trends and patterns, and delivers results for making better business decisions, thereby helping in achieving a high growth with increased revenues by mitigating the risks.

On the basis of organization sizes, the predictive analytics market is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. The large enterprises segment is witnessing an increasing adoption rate and is expected to continue its dominating position during the forecast period. Whereas, the SMEs segment, with an increasing focus on improving the customer experience, is likely to have the highest growth rate during the forecast period. Among deployment models, the cloud-based deployment model is expected to exhibit a higher adoption rate, due to the rising demand for 24*7 availability of accessible information and low-cost maintenance services.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is projected to have the largest market share and is expected to lead the market during the forecast period. The financial organizations, through their credit scoring techniques, try to minimize frauds and risks. Predictive analytics introduces the forward-looking perspectives of businesses to its existing processes.

In terms of market share, North America is expected to continue its dominating position during the forecast period. This is mainly because of the presence of various developed economies, such as Canada and the US, and focus over innovating the existing solutions. North America produces a large amount of data and, thus, is the largest market for predictive analytics solutions. The early adoption of technologies and high penetration of predictive analytics in various industry verticals, such as manufacturing, healthcare, transportation, and logistics, are driving the growth of this market in the region. The Asia Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period. Factors such as growing technology expenditures in countries, including China and India, and the demand for cost-effective advanced analytical software and services among Small and Medium-sized Enterprises (SMEs) are expected to drive the market growth during the forecast period.

The major vendors providing predictive analytics software and services are Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines (IBM) Corporation (US), Information Builders (US), Kognitio Ltd. (UK), KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc. (US), and Teradata Corporation (US).


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441





Tuesday 18 September 2018

BPaaS Industry Booms As It Brings Transformation In Various Sectors Worldwide


The BPaaS market is expected to grow from USD 36.88 Billion in 2016 to USD 68.76 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3%. The base year considered for the study is 2016 and the forecast period considered is 2017–2022.

Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=986

The scope of the report covers the BPaaS market analysis by business process, organization size, vertical, and region. The Human Resource Management (HRM) business process is expected to have the largest market share during the forecast period, owing to the need for updating the existing HRM systems in a sustainable model and the flexibility for operating the cloud-based HRM systems. The customer service and support business process is expected to grow at the highest CAGR during the forecast period, as organizations are seeking to transform their customer service operations by decreasing the operational costs, while dynamically scaling up the operations associated to smaller product life cycles.

The large enterprises segment is expected to have the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of the as-a-service model for their business processes. The Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at the highest rate, owing to the high adoption of BPaaS solutions among the SMEs to gain operational efficiency and result in decreased CAPEX, desired outcomes, and improved business efficiency.

The SMEs segment is expected to grow at the fastest rate during the forecast period, owing to the high adoption of BPaaS solutions. The SMEs have realized their gain in operational efficiency and are able to elevate their business requirements to achieve digital business transformations. The implementation of BPaaS in the SMEs segment is expected to result in decreased CAPEX, desired outcomes, and improved business efficiency.

As per the geographic analysis, North America is estimated to hold the largest market share during the forecast period. The largest market share can be attributed to the presence of top BPaaS service providers, the globalization of managed cloud services, and the high adoption rate of cloud computing. North America constitutes developed economies, such as the US and Canada. These countries are significantly advanced in terms of technologies and its application deployments.
The major vendors covered in the BPaaS market include Accenture (Republic of Ireland), IBM (US), Capgemini (France), Cognizant (US), EXL (US), Fujitsu (Japan), Genpact (UK), HCL (India), TCS (India), and Wipro (India).

Know More - https://www.marketsandmarkets.com/Market-Reports/business-process-as-a-service-bpaas-market-986.html

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Salgarkar

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441


Attractive Market Opportunities in the Business Intelligence Market


The Business intelligence market size is expected to grow from USD 17.09 Billion in 2016 to USD 26.88 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The major growth drivers of the BI market include increasing adoption of cloud, growth of advanced analytics, adoption of data-driven decision making, and emergence of Internet of Things (IoT)-enabled technologies.

Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1048


The BI market is segmented by platforms, software, and services. The services segment is expected to grow at the highest CAGR during the forecast period, out of which the consulting services subsegments in the professional services segment is projected to witness the highest demand due to the growing need of BI solutions across organizations.

The major factors driving the BI market are increasing adoption of cloud, growth of advanced analytics, adoption of data-driven decision-making, and the emergence of Internet of Things (IoT)-enabled technologies. The market is growing rapidly because of the transformation from traditional techniques for analyzing business data to advanced BI techniques and the massive surge in the volumes structured and unstructured data

The BI market is segmented by data type into structured, unstructured, and semi-structured data types. If the collected data is left unmanaged, it becomes tough to retrieve right data information when needed. BI is gaining traction due to its capabilities to handle and manage such unmanaged data. The rise and development of IoT has propelled rapid growth in data volumes. Unlike the structured data, the unstructured data cannot be displayed in rows and columns, thus making it complex for processing and analysis. The unstructured data type is expected to grow at the highest CAGR during the forecast period. Increasing demand of analytics and adoption of IoT devices among SMEs are the main reasons for the generation of unstructured data.

The BI market is also segmented by various verticals, out of which the adoption rate of BI is expected to be the highest in the Banking, Financial Services, and Insurance (BFSI) vertical, as the volume and variety of data is increasing day-by-day with the growing demand of IT systems for financial transactions in banks and other financial service institutions.
North America is estimated to hold the largest share of the BI market in 2016 due to the technological advancements and early adoption of BI solutions in the region. The market in Asia-Pacific (APAC) is expected to grow at the highest CAGR during 2016–2021. The main driving forces for this growth are increasing technological adoption and huge opportunities across verticals in the APAC countries, especially India, China, and Japan.
The report also encompasses different strategies, such as acquisitions, partnerships, collaborations & agreements, expansions, and new product launches & product upgradations, adopted by the major players to increase their share in the market. Major BI technology vendors include Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Tableau Software (U.S.), SAS Institute (U.S.), Qlik Technologies (U.S.), MicroStrategy (U.S.), Information Builders (U.S.), TIBCO Software (U.S.), Pentaho (U.S.), Yellowfin International (Australia), Sisense (U.S.), and Panorama (Canada).


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Salgarkar

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441