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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, France, Germany, South Korea, Canada
The Business Intelligence Software market in Israel has experienced significant growth in recent years, driven by various factors that have influenced customer preferences and local special circumstances.
Customer preferences: Customers in Israel are increasingly seeking Business Intelligence Software solutions that can provide real-time analytics and insights into their operations. This has led to a rise in demand for cloud-based BI solutions that offer scalability and flexibility. Additionally, customers are looking for BI solutions that can integrate with their existing software applications and offer a user-friendly interface for data visualization and analysis.
Trends in the market: One of the key trends in the Israeli BI market is the adoption of artificial intelligence and machine learning technologies. These technologies are being used to enhance the capabilities of BI software, enabling businesses to gain deeper insights into their data and make more informed decisions. Another trend is the increasing focus on data security and privacy, with many businesses investing in BI solutions that offer robust security features.
Local special circumstances: Israel is known for its thriving startup ecosystem, with many BI startups emerging in recent years. This has led to a highly competitive market, with businesses vying for market share by offering innovative solutions and competitive pricing. Additionally, Israel has a highly skilled workforce, with many talented developers and data scientists who are driving innovation in the BI market.
Underlying macroeconomic factors: Israel's strong economy and favorable business environment have contributed to the growth of the BI market. The country has a highly educated workforce and a strong culture of innovation, which has attracted many multinational companies to set up operations in Israel. Additionally, the government has implemented policies to support the growth of the technology sector, including tax incentives and funding for research and development. These factors have created a favorable environment for the growth of the BI market in Israel.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)