Business Intelligence Software - Qatar

In 2024, the revenue in the Business Intelligence Software market of Qatar is projected to reach US$13.57m.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.52%, resulting in a market volume of US$16.14m by 2029.
Additionally, the average Spend per Employee in the Business Intelligence Software market of Qatar is projected to reach US$6.48 in 2024.
In global comparison, United States is expected to generate the most revenue, with US$13.96bn in 2024.
Qatar's growing demand for Business Intelligence Software is driven by its focus on diversifying its economy and improving data-driven decision-making in various industries.

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 Qatar has been on the rise in recent years.

Customer preferences: Qatari businesses have been increasingly relying on Business Intelligence Software to gather insights from their data and make informed decisions. The software is being used to monitor key performance indicators, track customer behavior, and optimize business processes. The trend is particularly evident in the finance, healthcare, and retail sectors.

Trends in the market: One of the major trends in the Business Intelligence Software market in Qatar is the adoption of cloud-based solutions. Cloud-based Business Intelligence Software offers several advantages over traditional on-premise software, including lower costs, easier scalability, and enhanced security. Another trend is the integration of artificial intelligence and machine learning capabilities into Business Intelligence Software. These technologies enable businesses to analyze vast amounts of data and identify patterns that would be difficult to detect through manual analysis.

Local special circumstances: The government of Qatar has been actively promoting the use of technology in businesses as part of its efforts to diversify the economy and reduce dependence on oil. The country has also been investing in infrastructure to support the growth of the technology sector. These initiatives have created a favorable environment for the adoption of Business Intelligence Software.

Underlying macroeconomic factors: Qatar has a high GDP per capita and a strong economy, which has led to increased investment in technology by businesses. The country's strategic location and well-developed infrastructure have also made it an attractive destination for foreign investment. Additionally, the government's efforts to promote the use of technology have created a supportive environment for the growth of the Business Intelligence Software market.

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.

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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.