Business Intelligence Software - Uzbekistan

In 2024, the projected revenue in the Business Intelligence Software market in Uzbekistan is expected to reach US$22.76m.
This indicates a positive trend in the market's growth.
Furthermore, it is anticipated that the revenue will display an annual growth rate (CAGR 2024-2029) of 11.94%, resulting in a market volume of US$39.99m by 2029.
This signifies a significant expansion in the market over the forecast period.
Additionally, the average Spend per Employee in the Business Intelligence Software market is projected to reach US$1.57 in 2024.
This suggests that businesses in Uzbekistan are investing a considerable amount per employee in this sector, highlighting the importance placed on Business Intelligence Software market.
In terms of global comparison, it is noteworthy that United States is expected to generate the highest revenue in the Business Intelligence Software market, reaching US$13.96bn in 2024.
This underscores the dominance of the United States in this market segment and its position as a key player in the industry.
Uzbekistan has seen a surge in demand for Business Intelligence Software, as companies embrace data-driven decision-making strategies to stay competitive in the market.

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 Uzbekistan has been steadily increasing over the past few years.

Customer preferences: Uzbekistan's business community is becoming more data-driven, and as a result, there is a growing demand for Business Intelligence Software. Companies are looking for tools that can help them make data-driven decisions and gain insights into their business operations. The software's ability to provide real-time data analysis, predictive analytics, and reporting is particularly appealing to businesses in Uzbekistan.

Trends in the market: The Business Intelligence Software market in Uzbekistan is growing at a moderate pace. One of the key trends in the market is the increasing adoption of cloud-based Business Intelligence Software. Cloud-based solutions are becoming more popular due to their flexibility, scalability, and cost-effectiveness. Additionally, there is a growing demand for mobile Business Intelligence Software that can be accessed from anywhere, at any time.

Local special circumstances: Uzbekistan is a country with a rapidly developing economy. The government has been actively promoting foreign investment in the country, which has led to an increase in the number of businesses operating in Uzbekistan. This has created a need for tools that can help businesses manage their operations more efficiently and effectively. Business Intelligence Software is seen as a key tool in achieving this goal.

Underlying macroeconomic factors: Uzbekistan's economy is growing at a healthy pace, driven by a combination of factors such as increased investment, rising consumer spending, and a growing middle class. This has created a favorable environment for businesses to grow and expand. Additionally, the government has been investing heavily in infrastructure development, which has led to an increase in the number of businesses operating in the country. All these factors have contributed to the growth of the Business Intelligence Software market in Uzbekistan.

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.