Business Intelligence Software - Benelux

The Business Intelligence Software market in the Benelux region is anticipated to witness a significant increase in revenue, with projections indicating a staggering amount of US$561.50m by the year 2024.
It is expected that this market will continue to grow at an annual growth rate of 4.38%, resulting in a market volume of US$695.80m by the year 2029.
Furthermore, the average Spend per Employee in the Business Intelligence Software market is estimated to reach US$35.13 in 2024.
This indicates the level of investment and resources dedicated to this market segment.
In terms of global comparison, it is noteworthy that United States is projected to generate the highest revenue in the Business Intelligence Software market, with an impressive amount of US$13.96bn in the year 2024.
This underlines the dominance and significance of the US market in this particular sector.
In the rapidly growing Business Intelligence Software market in Benelux, companies are increasingly leveraging advanced analytics and data visualization tools to gain valuable insights and make data-driven decisions.

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 Benelux has been on the rise in recent years.

Customer preferences: Business Intelligence Software has become an essential tool for businesses in Benelux to analyze and interpret data, and make informed decisions. The software is preferred by businesses of all sizes, from small startups to large corporations. The ease of use and flexibility of these tools have made them popular among business users who do not have a technical background.

Trends in the market: The Business Intelligence Software market in Benelux has been experiencing a shift towards cloud-based solutions. This trend has been driven by the need for businesses to access their data from anywhere, at any time. Cloud-based solutions also offer scalability and cost savings, which are attractive to businesses of all sizes.Another trend in the market is the increased adoption of self-service analytics. This allows business users to access and analyze data without the need for IT support. Self-service analytics tools are becoming more user-friendly, and this has led to an increase in adoption among small and medium-sized businesses.

Local special circumstances: Benelux is a region that is known for its high level of technological innovation. This has led to a high level of adoption of Business Intelligence Software in the region. The region is also home to many multinational corporations, which has created a large market for these tools.

Underlying macroeconomic factors: The strong economy in Benelux has contributed to the growth of the Business Intelligence Software market. Businesses are investing in these tools to gain a competitive edge in the market. The region's high level of technological innovation has also contributed to the growth of the market. Additionally, the increasing amount of data being generated by businesses has created a need for more sophisticated tools to analyze and interpret this data.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.