Business Intelligence Software - Philippines

The Business Intelligence Software market in the Philippines is expected to generate a revenue of US$36.69m in 2024.
This indicates a projected annual growth rate (CAGR 2024-2029) of 8.31%, resulting in a market volume of US$54.68m by 2029.
The average Spend per Employee in the Business Intelligence Software market is projected to reach US$0.76 in 2024.
When compared globally, United States is expected to generate the highest revenue, with US$13.96bn in 2024.
The demand for Business Intelligence Software in the Philippines has been steadily increasing, driven by the country's growing technology sector and the need for data-driven decision-making in businesses.

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

Customer preferences: The customers in Philippines are increasingly looking for Business Intelligence Software that can provide them with real-time data analysis, predictive analytics and data visualization. The software that is easy to use, scalable and can be integrated with other software is preferred by the customers. The customers are also looking for software that can be customized to their specific needs.

Trends in the market: The Business Intelligence Software market in Philippines is expected to grow in the coming years due to the increasing demand for data-driven decision making. The demand for cloud-based Business Intelligence Software is expected to increase due to its cost-effectiveness and scalability. The demand for self-service Business Intelligence Software is also expected to increase as it allows the customers to access data and generate reports on their own without the need for IT support. The integration of Artificial Intelligence and Machine Learning in Business Intelligence Software is also expected to increase in the coming years.

Local special circumstances: The Philippines has a large population of young and tech-savvy individuals who are increasingly adopting digital technologies. The increasing use of smartphones and social media platforms has resulted in a large amount of data being generated, which has led to the need for Business Intelligence Software to analyze this data. The Philippines is also home to a large number of small and medium-sized enterprises (SMEs) who are increasingly adopting Business Intelligence Software to gain a competitive advantage.

Underlying macroeconomic factors: The Philippines has a growing economy with a large and young population. The government has been actively promoting the growth of the IT industry in the country, which has led to the growth of the Business Intelligence Software market. The increasing adoption of digital technologies in the country has also led to the growth of the market. The Philippines is also strategically located in Southeast Asia, which has made it an attractive destination for companies looking to expand their operations in the region.

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.