Business Intelligence Software - Central Asia

The Central Asian market is anticipated to witness a significant surge in revenue for the Business Intelligence Software market, with projected earnings reaching a substantial figure of US$59.78m by the year 2024.
This market is expected to display an impressive compound annual growth rate (CAGR) of 8.07% between 2024 and 2029, resulting in a market volume of US$88.11m by the end of 2029.
Moreover, the average Spend per Employee in the Business Intelligence Software market is estimated to reach US$1.86 in 2024.
Additionally, in terms of global revenue comparison, United States is projected to generate the highest revenue, amounting to US$13.96bn in the year 2024.
In Central Asia, the demand for Business Intelligence software is growing rapidly as businesses seek to gain competitive 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.

For more information on the displayed data, use the info button right next to the boxes.

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

Central Asia, a region that includes Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, is experiencing a growing demand for Business Intelligence (BI) software. This is due to several factors that are driving the market, including increasing customer preferences for data-driven decision-making, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Businesses in Central Asia are recognizing the importance of data-driven decision-making to stay competitive in the global market. As a result, there is a growing demand for BI software that can help companies analyze data and gain insights into their operations. Additionally, there is a need for BI software that can integrate with other systems and provide real-time data to support decision-making.

Trends in the market: Kazakhstan is the largest market for BI software in Central Asia, with a growing number of companies adopting these tools to improve their operations. One trend in the market is the increasing adoption of cloud-based BI software, which allows companies to access data from anywhere and scale their operations as needed. Another trend is the use of artificial intelligence and machine learning in BI software, which can help companies identify patterns and make more accurate predictions.

Local special circumstances: Central Asia has a unique set of circumstances that are driving the demand for BI software. For example, the region has a large and growing population that is increasingly tech-savvy, which is creating a demand for digital solutions like BI software. Additionally, the region has a large number of small and medium-sized enterprises (SMEs) that are looking for affordable and easy-to-use BI software to help them compete with larger companies.

Underlying macroeconomic factors: Central Asia is experiencing strong economic growth, which is driving the demand for BI software. The region has a young and growing population that is increasingly urbanized and connected, which is creating new opportunities for businesses. Additionally, the region has a large and growing middle class that is demanding higher-quality goods and services, which is driving the need for more sophisticated BI software to support decision-making. Finally, the region is strategically located between Europe and Asia, which is making it an attractive destination for foreign investment and driving the need for BI software to support cross-border business operations.

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.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

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.