Business Intelligence Software - New Zealand

The Business Intelligence Software market in New Zealand is expected to witness significant growth in the coming years.
It is projected that the revenue in this market will reach NZD US$89.65m by 2024.
This indicates a promising future for the Business Intelligence Software market sector in the country.
Furthermore, the market is anticipated to experience a steady annual growth rate of 5.16% from 2024 to 2029.
This growth trajectory is expected to result in a market volume of NZD US$115.30m by 2029.
These numbers highlight the upward trend and potential opportunities that lie ahead for businesses operating in the Business Intelligence Software market in New Zealand.
In addition to revenue, another important metric to consider is the average Spend per Employee in the Business Intelligence Software market.
It is estimated that by 2024, the average Spend per Employee will reach NZD US$30.11.
This figure indicates the amount businesses are investing in Business Intelligence Software market solutions on a per-employee basis.
When comparing the global market, it is evident that United States will continue to dominate in terms of revenue generation.
It is projected that United States will generate a staggering amount of US$13.96bn in revenue in 2024.
This showcases the strong position of the United States in the global Business Intelligence Software market.
Overall, the Business Intelligence Software market in New Zealand is poised for growth, with revenue projections, annual growth rates, and spend per employee figures indicating a positive outlook for the industry.
New Zealand's growing tech sector has fueled the demand for advanced Business Intelligence Software solutions.

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 demand for Business Intelligence Software in New Zealand has been increasing steadily in recent years.

Customer preferences: New Zealand companies are increasingly adopting Business Intelligence Software to gain insights into their business operations and make data-driven decisions. Businesses are looking for software that is user-friendly, easy to integrate with their existing systems, and provides real-time data analysis. Additionally, there is a growing demand for cloud-based solutions that offer flexibility and scalability.

Trends in the market: One of the key trends in the New Zealand Business Intelligence Software market is the increasing adoption of self-service analytics. Companies are looking for software that allows non-technical users to create their own reports and dashboards without relying on IT departments. Another trend is the integration of artificial intelligence and machine learning into Business Intelligence Software, which allows for more accurate predictions and insights.

Local special circumstances: New Zealand is a relatively small market compared to other countries, which means that local software vendors face strong competition from international players. However, there is also a growing demand for locally developed software that is tailored to the specific needs of New Zealand businesses. Additionally, the New Zealand government has been investing in initiatives to promote the adoption of digital technologies, which has helped to drive the growth of the Business Intelligence Software market.

Underlying macroeconomic factors: New Zealand has a stable and growing economy, which has led to increased investment in technology by businesses. Additionally, the country has a highly skilled workforce, which has helped to drive innovation in the Business Intelligence Software market. The growth of the market is also being driven by the increasing importance of data-driven decision-making in businesses across all sectors.

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.