Learn about the global BI Software market through The Business Research Company, which provides information on BI software market size, BI software market drivers and restraints, BI software market players, the COVID-19 impact on the BI software market, and more.

The global business intelligence software market size is expected to grow from $32.73 billion in 2021 to $39.74 billion in 2022 at a compound annual growth rate (CAGR) of 20.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The BI software market is expected to reach $75.46 billion in 2026 at a CAGR of 17.7%.

An increase in data-driven projects will aid BI software market growth due to a substantial rise in the demand for real time analytics in the historic period.

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The business intelligence software (BI software) market consists of sales of business intelligence software. This software enables users to project information, visualize data, derive insights, improve business operations and make strategic business decisions. The components of business intelligence are source data, data warehouse, and online analytical processing (OLAP), visualizations, dashboards, and extract, transform, load (ETL) processes.

Global BI Software Market Segments Include:

By Deployment: On-Premise, On-Cloud

By Application: BFSI, Telecom, IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing

By Type: Unstructured Data, Semi-Structured Data, Structured Data

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the end user industries are increasingly adopting cloud based business intelligence tools in order to enhance security, access from anywhere online and benefit from the advantages of economies of scale. The cloud-based BI software is a virtual network, can be accessed via internet hosted on the vendor’s servers to aid efficient connectivity of devices. Cloud-based BI software benefit the companies with its cost effectiveness and low investment as no additional hardware costs are involved, short implementation time and others.

TBRC’s BI software market report covers:

Major Market Players: Microsoft BI, IBM Congnos, SAP, SAS, Oracle BI, Micro Strategy, Qlik, Tableau, Sisense, Domo, Yellowfin BI, Pentaho, Jaspersoft, Style Intelligence, Board, Clear Analytics, Looker, Birst, TIBCO, BIRT, Good data, Thought spot, Target BI, Panorama Software and Actuate.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The BI Software Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides BI software market overviews, analyzes and forecasts market size, share, BI software market players, BI software market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s BI software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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