Business Intelligence Software - Burundi

The projected revenue for the Business Intelligence Software market in Burundi in 2024 is estimated to reach US$752.20k.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 8.90%, resulting in a market volume of US$1.15m by 2029.
In terms of the average Spend per Employee in the Business Intelligence Software market in Burundi, it is projected to reach US$0.12 in 2024.
When comparing global revenue, United States is expected to generate the highest revenue in the Business Intelligence Software market in 2024, with a projected value of US$13.96bn.
Despite being a developing country, Burundi is showing a growing demand for Business Intelligence Software to enhance data-driven decision making in the business sector.

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 Business Intelligence Software market in Burundi has been steadily growing in recent years.

Customer preferences: Customers in Burundi have been increasingly looking for Business Intelligence Software solutions that can help them make informed decisions and improve their business processes. They are particularly interested in solutions that are easy to use, customizable, and can integrate with their existing software systems. Cloud-based solutions are also gaining popularity due to their scalability and cost-effectiveness.

Trends in the market: One of the key trends in the Business Intelligence Software market in Burundi is the increasing adoption of data visualization tools. These tools allow users to easily interpret and analyze data through charts, graphs, and other visual aids. Another trend is the growing demand for predictive analytics, which can help businesses identify patterns and make accurate forecasts. Finally, there is a trend towards self-service BI, which allows non-technical users to access and analyze data without the need for IT support.

Local special circumstances: Burundi is a landlocked country with limited resources and infrastructure. This has led to a lack of technological development, particularly in the area of Business Intelligence Software. However, there is a growing interest in technology and innovation, and the government has taken steps to encourage investment in the IT sector. Additionally, the country's young and growing population presents a significant opportunity for businesses looking to expand into new markets.

Underlying macroeconomic factors: Burundi is one of the poorest countries in the world, with a largely agricultural economy. However, there has been some economic growth in recent years, driven by increased investment in infrastructure and the development of new industries. The country's GDP is expected to continue growing in the coming years, which will create new opportunities for businesses. However, political instability and social unrest remain significant challenges, and businesses operating in Burundi must be prepared to navigate these issues.

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.