Business Intelligence Software - Montenegro
Montenegro- In 2025, the projected revenue in the Business Intelligence Software market is estimated to reach US$3.40m.
- Furthermore, it is anticipated that there will be an annual growth rate (CAGR 2025-2030) of 4.75%, leading to a market volume of US$4.29m by 2030.
- Additionally, the projected average Spend per Employee in the Business Intelligence Software market is expected to be US$11.77 in 2025.
- In terms of global comparison, United States is expected to generate the highest revenue, with an estimated amount of US$14.64bn in 2025.
- Montenegro's growing tech sector is driving the demand for advanced Business Intelligence Software solutions.
- Key regions:
- United States,
- France,
- Germany,
- South Korea,
- Canada
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
Revenue
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2025
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2025
Source: Statista Market Insights
Key Players
Most recent update: Jun 2025
Source: Statista Market Insights
Analyst Opinion
Montenegro is a country that has been rapidly developing in recent years, and the Business Intelligence Software market is no exception.
Customer preferences: Montenegro's market for Business Intelligence Software is driven by the need for data-driven decision-making. The country's businesses are increasingly looking for software that can help them analyze data and gain insights into customer behavior, market trends, and other key factors that can influence their success. In particular, businesses in the finance, healthcare, and manufacturing sectors are investing heavily in Business Intelligence Software to improve their operations and stay competitive.
Trends in the market: One of the key trends in Montenegro's Business Intelligence Software market is the adoption of cloud-based solutions. Businesses in the country are increasingly looking for software that can be accessed from anywhere, at any time, and on any device. Cloud-based solutions offer the flexibility and scalability that businesses need to stay agile and respond quickly to changing market conditions. Another trend in the market is the use of AI and machine learning to analyze large datasets. These technologies can help businesses identify patterns and trends that might be difficult to spot using traditional analytical methods.
Local special circumstances: Montenegro's small size and relatively low population mean that the country's Business Intelligence Software market is still relatively small compared to other countries in the region. However, the market is growing rapidly, and there is a lot of potential for further growth in the coming years. One challenge that businesses in Montenegro face is the lack of skilled professionals who can work with Business Intelligence Software. This is a common problem in many emerging markets, and it is something that businesses in Montenegro will need to address if they want to take full advantage of the opportunities presented by Business Intelligence Software.
Underlying macroeconomic factors: Montenegro's economy has been growing steadily in recent years, driven by tourism, real estate, and foreign investment. This growth has created opportunities for businesses in the country, and many are looking for ways to improve their operations and stay competitive. At the same time, Montenegro's government has been investing heavily in infrastructure and technology, which has helped to create a favorable environment for businesses in the country. These factors are likely to continue to drive growth in Montenegro's Business Intelligence Software market in the coming years.
Global Comparison
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2025
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
Methodology
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.Technology
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Key Market Indicators
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Jan 2025
Source: Statista Market Insights
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