Business Intelligence Software - Algeria

The Business Intelligence Software market in Algeria is expected to achieve a revenue of US$25.99m in 2024.
It is projected to experience an annual growth rate (CAGR 2024-2029) of 5.81%, resulting in a market volume of US$34.46m by 2029.
Furthermore, the average Spend per Employee in the Business Intelligence Software market is estimated to reach US$2.02 in 2024.
When compared globally, United States is anticipated to generate the highest revenue, with a projected amount of US$13.96bn in 2024.
Algeria is witnessing a growing demand for Business Intelligence Software, as companies seek to improve data-driven decision-making in a rapidly evolving business landscape.

Definition:

The Business Intelligence Software market covers software applications that support organizations in analyzing, visualizing, and reporting data. They are also used to present information in a business context and thus support rational business decisions. These applications help to access data, implement queries, create reports, and perform advanced predictive analytics.

Products in the Business Intelligence Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Business Intelligence Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAS Institute, SAP, and IBM.

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Reporting & analysis software, such as Zoho Analytics, IBM Cognos Analytics, and Domo
Advanced & predictive analytics, such as Tableau, Amazon Forecast, and Adobe Analytics

AI software platforms, such as OpenAI, Alphabet, and DeepMind
Supply chain and product analytics, such as Azure Machine Learning, Tableau, and Qlik Supply Chain Analytics
Analytic data management and integration, such as SAS, IBM, TIBCO, and DataStax
Analytics and performance management applications, such as Paycor, BambooHR, and Lattice

The demand for Business Intelligence Software in Algeria has been on the rise in recent years.

Customer preferences: Algerian businesses are increasingly recognizing the importance of data analytics and are investing in Business Intelligence Software to gain insights into their operations. Companies are looking for software that can provide them with real-time data analysis, predictive analytics, and reporting capabilities. Additionally, there is a growing demand for cloud-based Business Intelligence Software that can be accessed from anywhere, at any time, and on any device.

Trends in the market: One of the key trends in the Algerian Business Intelligence Software market is the increasing adoption of self-service analytics. This trend is driven by the need for businesses to be more agile and responsive to changing market conditions. Self-service analytics allows users to access and analyze data without the need for IT support, enabling faster decision-making and greater flexibility.Another trend in the market is the growing popularity of mobile Business Intelligence Software. With the increasing use of smartphones and tablets, businesses are looking for software that can be accessed on-the-go. Mobile Business Intelligence Software allows users to access data and reports from their mobile devices, enabling them to make informed decisions even when they are away from their desks.

Local special circumstances: The Algerian Business Intelligence Software market is characterized by the dominance of local vendors. While international vendors such as Microsoft and SAP have a presence in the market, they face stiff competition from local players such as Cynapsys, Smart Tech, and SIS Software. This is due to the fact that local vendors have a better understanding of the local market and are able to provide customized solutions that meet the specific needs of Algerian businesses.

Underlying macroeconomic factors: The Algerian economy has been growing steadily in recent years, driven by the country's rich natural resources and strategic location. The government has also been investing heavily in infrastructure and education, which has helped to create a favorable business environment. These factors have contributed to the growth of the Business Intelligence Software market in Algeria, as businesses are looking for ways to leverage data to gain a competitive edge. However, the country still faces challenges such as corruption, bureaucracy, and an over-reliance on oil and gas exports, which could impact the growth of the market in the long term.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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