Business Intelligence Software - G7

The projected revenue in the Business Intelligence Software market is set to reach US$19.50bn in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.51%, resulting in a market volume of US$24.31bn by 2029.
Furthermore, the average Spend per Employee in the Business Intelligence Software market is projected to reach US$48.42 in 2024.
In a global comparison, United States is anticipated to generate the highest revenue, with US$13.96bn in 2024.
In the Business Intelligence Software market in the G7 country of the United States, companies are increasingly relying on advanced analytics to drive data-driven decision making.

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

The market for Business Intelligence Software in G7 countries has been growing steadily in recent years, driven by the increasing demand for data-driven decision-making and the need to gain insights into complex business operations.

Customer preferences: Customers in G7 countries are increasingly looking for software solutions that can provide them with real-time insights into their business operations. They are also looking for software that can help them to automate routine tasks and streamline their workflows. Additionally, customers are looking for software that is easy to use and can be integrated with other systems.

Trends in the market: The Business Intelligence Software market in the United States is driven by the increasing adoption of cloud-based solutions. This trend is expected to continue in the coming years, as more companies move their operations to the cloud. In Canada, the market is being driven by the increasing demand for predictive analytics and machine learning. In Japan, the market is being driven by the increasing adoption of mobile devices and the need for real-time insights. In Germany, the market is being driven by the increasing demand for software that can help companies to comply with data protection regulations. In France, the market is being driven by the increasing demand for software that can help companies to optimize their supply chain operations. In Italy, the market is being driven by the increasing demand for software that can help companies to improve their customer experience.

Local special circumstances: In Canada, the market for Business Intelligence Software is being driven by the increasing demand for software solutions that can help companies to comply with data protection regulations. In Germany, the market is being driven by the increasing demand for software that can help companies to comply with the strict data protection regulations that are in place in the country. In Japan, the market is being driven by the increasing adoption of mobile devices and the need for real-time insights. In the United States, the market is being driven by the increasing adoption of cloud-based solutions. In France, the market is being driven by the increasing demand for software that can help companies to optimize their supply chain operations. In Italy, the market is being driven by the increasing demand for software that can help companies to improve their customer experience.

Underlying macroeconomic factors: The growth of the Business Intelligence Software market in G7 countries is being driven by several underlying macroeconomic factors. These include the increasing demand for data-driven decision-making, the need to gain insights into complex business operations, and the increasing adoption of cloud-based solutions. Additionally, the growth of the market is being driven by the increasing adoption of mobile devices and the need for real-time insights. Finally, the growth of the market is being driven by the increasing demand for software that can help companies to comply with data protection regulations.

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.