Report ID: SQMIG45A2278
Report ID:
SQMIG45A2278 |
Region:
Global |
Published Date: April, 2024
Pages:
192
|
Tables:
120 |
Figures:
77
Business Intelligence and Analytics Software Market size was valued at USD 36.2 Billion in 2023 and is poised to grow from USD 41.09 Billion in 2024 to USD 113.16 Billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).
The growing global business intelligence and analytics software market is experiencing increased use of computer learning and artificial intelligence (AI) to deliver personalized customer experiences, including the growth of online shopping. If apart from this, the widespread adoption of social networking platforms is another major factor driving this expansion market. The amount of data collected by companies around the world has increased exponentially in recent years. Many companies draw insights from data to make better, more timely, fact-based decisions. For data management and strategic decision-making, this has led to increased demand for sophisticated analytics solutions.
Furthermore, advances in big data have helped data scientists improve their analytical skills. Companies can use big data analytics to improve company strategies, objectives, and performance. By intelligently transforming information, organizations can meet stakeholder requests, manage data volumes, manage risks, increase process control, and increase operational efficiency.
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Report ID: SQMIG45A2278