Business Intelligence Software - Sweden

The projected revenue for the Business Intelligence Software market in Sweden is expected to reach US$236.00m in 2024.
This reflects a steady growth trend with an annual growth rate (CAGR 2024-2029) of 4.73%.
By 2029, the market volume is estimated to expand to US$297.30m.
In terms of the average Spend per Employee in the Business Intelligence Software market, it is projected to reach US$41.11 in 2024.
When compared globally, United States is expected to generate the highest revenue in the Business Intelligence Software market, reaching US$13.96bn in 2024.
Sweden is at the forefront of Business Intelligence Software adoption, with companies leveraging advanced analytics to drive data-driven decision making.

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 Sweden has been steadily increasing in recent years.

Customer preferences: Swedish businesses are increasingly relying on data analytics to make informed decisions. With the rise of big data, companies are turning to Business Intelligence Software to help them collect, analyze, and visualize data. Additionally, Swedish companies place a high value on sustainability and ethical practices, which has led to an increased interest in Business Intelligence Software that can help them track and report on these metrics.

Trends in the market: One trend in the Swedish Business Intelligence Software market is the move towards cloud-based solutions. Cloud-based Business Intelligence Software offers a number of benefits over traditional on-premise solutions, including lower costs, greater scalability, and easier integration with other cloud-based applications. Another trend is the increasing use of artificial intelligence and machine learning in Business Intelligence Software. These technologies can help businesses identify patterns and insights in their data that might not be immediately apparent to human analysts.

Local special circumstances: Sweden has a highly skilled workforce, with a strong background in technology and engineering. This has led to the development of a number of innovative Business Intelligence Software solutions that are tailored to the needs of Swedish businesses. Additionally, the Swedish government has been actively promoting the use of digital technologies in business, which has helped to create a supportive environment for the growth of the Business Intelligence Software market.

Underlying macroeconomic factors: Sweden has a strong and stable economy, with a high standard of living and a well-educated population. This has created a favorable environment for businesses, which has in turn driven demand for Business Intelligence Software. Additionally, Sweden is home to a number of large multinational companies, which has helped to create a thriving technology sector that is driving innovation in the Business Intelligence Software market. Finally, Sweden is known for its strong focus on sustainability and ethical practices, which has helped to create a market for Business Intelligence Software that can help companies track and report on these metrics.

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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