Global BI & analytics software market size 2019-2026

The market size for business intelligence and analytics software applications is forecast to increase worldwide over the next few years from 15.3 billion U.S. dollars in 2021 to more than 18 billion in 2026. The business intelligence and analytics software application market is a subsegment of the enterprise application software market. Enterprise application software - a market with worldwide revenues of 212 billion U.S. dollars in 2020 - aims at responding to the needs of organizations. These software programs make it easier for companies and businesses to accomplish their corporate goals, by helping to improve supply chain management, manage resources, or interact better with customers, among others.

Business intelligence and analytics

    Business intelligence applications are used to collect and analyze current, actionable data in order to maintain, optimize or streamline business operations. Business analytics tools, on the other hand, are used to analyze data to be able to predict business trends. The leading companies in the business intelligence and analytics market are Microsoft, SAP and IBM, with revenues of 2.6 billion U.S. dollars, 2.1 billion, and 1.9 billion respectively in 2018.