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