Date:
Global Business Intelligence Software Market to Reach $12.4 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
San Jose, California (Vocus) July 12, 2010
This report analyzes the worldwide markets for Business Intelligence Software in US$ Million. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for each region for the period 2006 through 2015. The report profiles 135 companies, both Pure Play Vendors and Integrated Software Vendors. Pure Play Vendors profiled in this report include Tableau Software, Inc., Qlik Technologies, Inc., Information Builders, Inc., TIBCO Software, Inc., MicroStrategy, Inc., and SAS Institute, Inc. Integrated Software Vendors discussed in the report include: International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, and SAP AG. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.
North America and Europe dominate the global BI software market. Growth in the BI market is supported by the emergence of new categories of BI tools. Predictive analytics, column-based database, text analytics and business activity processing are some of the technologies that offer enormous growth prospects for the market. Decision-makers are increasingly employing BI software to resolve a wide range of issues such as latency in receipt of reports, unavailability of relevant content and difficulties in data analysis without the involvement of IT. From the perspective of Information Technology (IT), BI software acts as the enabling technology for providing knowledge workers with timely access to data for analysis and reporting purposes.
Though the demand for BI software emerges from all industries, the healthcare sector is expected to witness highest adoption in the short run. BI tools allow healthcare organizations to implement real-time decisions at strategic, operational, and tactical levels, through the use of data mining and advanced analytics tools. BI tools reduce time involved in reporting by offering a single, integrated enterprise solution.
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