Global Business Intelligence Software Market

Business Intelligence Software Market Size, Share, Growth Analysis, By BI Technology(Cloud BI, Mobile BI, Social BI), By Function(Executive Management, Marketing, Sales, Operations), By Deployment Mode(On-premises, Cloud), By Organization Size(Large Enterprises, SMEs), By End Use(BFSI, Manufacturing, Healthcare, Retail), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45F2060 | Region: Global | Published Date: December, 2024
Pages: 201 | Tables: 176 | Figures: 81

Business Intelligence Software Market Insights

Business Intelligence Software Market size was valued at USD 26.25 Billion in 2023 and is poised to grow from USD 27.7 Billion in 2024 to USD 42.67 Billion by 2032, growing at a CAGR of 5.51% during the forecast period (2025-2032).

Growing demand for data-driven decision-making around the world is estimated to primarily promote the adoption of business intelligence software over the coming years. Rising adoption of advanced digital technologies such as big data and cloud computing are also expected to create new opportunities for business intelligence software providers in the future. Increasing use of artificial intelligence and advanced analytics are also bolstering the importance of business intelligence software going forward. Growing use of advanced digital business solutions and increasing competitiveness among organizations are also slated to benefit the global business intelligence software market growth in the long run. High emphasis on improving regulatory compliance and management is also offering new opportunities for business intelligence software providers through 2031. On the contrary, data security and privacy concerns, high costs of implementation, complexity in integration, and dearth of skilled workforce are estimated to impede the adoption of business intelligence software across the study period and beyond. 

US Business Intelligence Software Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Business Intelligence Software Market size was valued at USD 26.25 Billion in 2023 and is poised to grow from USD 27.7 Billion in 2024 to USD 42.67 Billion by 2032, growing at a CAGR of 5.51% during the forecast period (2025-2032).

Business intelligence software providers should focus utilizing advanced technologies to enhance the functionality of their offerings going forward. Investing in North America and Asia Pacific is expected to offer highly rewarding business scope for all companies. Addressing the data privacy and security concerns should also be the prime focus of business intelligence software providers if they intend to maximize their business scope.   'IBM Corporation ', 'Microsoft Corporation ', 'Salesforce, Inc. ', 'Oracle Corporation ', 'Sisense Ltd ', 'Yellowfin International Pty Ltd  ', 'QlikTech International AB ', 'SAP SE ', 'Board International ', 'MicroStrategy Incorporated ', 'SAS Institute, Inc. ', 'Cloud Software Group (TIBCO Software Inc.) ', 'Information Builders Inc. ', 'Domo Inc. ', 'Hitachi (Pentaho) ', 'GoodData Corporation ', 'Alteryx Inc. ', 'Alphabet Inc. (Looker Data Sciences, Inc.) ', 'Zoho Corporation ', 'Permira (Informatica) ', 'Datorama', 'In September 2024, Zoho Corporation, a leading technology company from India announced the launch of a new version of its self-service BI and analytics platform called Zoho Analytics. The new version also features advanced artificial intelligence and machine learning capabilities.   ', 'In June 2024, Databricks, a leading name in data analytics and artificial intelligence business announced the launch of its new business intelligence product. The new offering is powered by artificial intelligence featuring interactive dashboards and a conversational interface called Genie.   ', 'In October 2024, Everon, a leading security service organization announced the launch of its new cloud-based offering that integrates business intelligence, video, and core business solutions. The new solution integrates Everon’s Mavn BI business intelligence with its other offerings to provide a comprehensive user experience. '

Integration of Artificial Intelligence: Business intelligence software companies should focus on integrating artificial intelligence and machine learning with their offerings. AI-powered business intelligence tools automate data analysis, uncover hidden patterns, and provide actionable insights through natural language processing and advanced predictive analytics, making them indispensable in modern business environments. 

North America is anticipated to account for a substantial chunk of the global business intelligence software market share. The presence of leading business intelligence software companies, high use of data-driven decision-making, and availability of a developed technological infrastructure are cementing the dominance of this region. The United States is slated to be the most opportune market in the North American region followed by Canada. Moreover, rising investments in R&D and adoption of advanced digital business solutions are also expected to create new opportunities for business intelligence software providers through 2031 and beyond.  

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Global Business Intelligence Software Market

Report ID: SQMIG45F2060

$5,300
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