Business Intelligence and Analytics Market is segmented By Deployment Model (Cloud, and On-Premises),And Platform Type (Business Intelligence, Corporate Performance Management Suite, Advance and Predictive Analytics, Content Analytics, and Analytics Application)

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• The Global Business Intelligence Market size is expected to be worth around USD 26.5 Billion by 2033, from USD 5.9 Billion in 2023, growing at a CAGR of 16.2% during the forecast period from 2024 to 2033.
• By 2023, over 33% of large-sized businesses will utilize decision intelligence practices.
• The global business intelligence and analytics market is expected to reach $55.48 billion by 2026, growing at a CAGR of 10.1% from 2021 to 2026.
• 94% of organizations rated business intelligence and analytics as either critical or very important to their business success. (Source: Dresner Advisory Services)
• Data-driven organizations are 23 times more likely to acquire customers, 6 times more likely to retain customers, and 19 times more likely to be profitable compared to their peers. (Source: McKinsey)
• About 97.2% of executives reported that their organizations are investing in or planning to invest in big data and AI to drive decision-making. (Source: NewVantage Partners)
• By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.

Middle East Big Data, Business Intelligence, and Analytics Market research report covers detailed information on Middle East Big Data, Business Intelligence, and Analytics Market Value, Growth, application, competition and growth opportunities till 2026

The Business Intelligence (BI) and Analytics market is experiencing robust growth, driven by the increasing need for data-driven decision-making across various industries. The market, estimated at $25 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $65 billion by 2033. This expansion is fueled by several key factors, including the proliferation of big data, the rising adoption of cloud-based BI solutions, and the growing demand for advanced analytics capabilities like predictive modeling and machine learning. Furthermore, the increasing focus on improving operational efficiency, enhancing customer experience, and gaining a competitive edge are driving organizations to invest heavily in BI and analytics solutions. Key players like Tibco Software, Tableau, SAS Institute, SAP, Qlik, Oracle, MicroStrategy, Microsoft, Information Builders, and IBM are actively competing in this dynamic market, continuously innovating and expanding their product portfolios to cater to the evolving needs of businesses. The market segmentation reveals significant opportunities across various sectors, with the finance and healthcare industries showing particularly strong growth. The adoption of BI and analytics is also expanding rapidly in smaller and medium-sized enterprises (SMEs), driven by the availability of affordable and user-friendly cloud-based solutions. However, challenges remain, such as the need for skilled data analysts, data security concerns, and the complexity of integrating various data sources. Overcoming these challenges will be crucial for sustained market growth. Future trends point towards an increased focus on artificial intelligence (AI) and machine learning (ML) integration within BI platforms, enhanced data visualization capabilities, and the growing importance of real-time analytics for faster, more informed decision-making.

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Business Intelligence (BI) Market Size 2025-2029

The business intelligence (bi) market size is forecast to increase by USD 18.56 billion, at a CAGR of 10.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of advanced analytical tools that enable organizations to make data-driven decisions. The Internet of Things (IoT) is also driving the market, as organizations seek to leverage real-time data from connected devices. This trend is further fueled by the rising number of mergers and acquisitions, as companies seek to expand their capabilities and gain a competitive edge. However, the market faces challenges, including the growing concern for data privacy and security. As businesses collect and analyze larger amounts of data, ensuring its protection becomes increasingly important. Companies must invest in robust security measures to mitigate risks and maintain customer trust.
To capitalize on market opportunities and navigate challenges effectively, organizations should focus on implementing best practices for data security and privacy, while continuing to explore the latest analytical tools and technologies. By doing so, they can gain valuable insights from their data, improve operational efficiency, and make informed strategic decisions.

What will be the Size of the Business Intelligence (BI) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market dynamics continue to evolve, integrating various technologies to optimize operational efficiency and drive insights across sectors. Data transformation, a key component, encompasses metadata management, data federation, data quality, real-time analytics, and strategic planning. These elements seamlessly integrate to enhance data virtualization, discovery, and governance frameworks, ensuring data privacy regulations and compliance standards are met. Advanced analytics, including machine learning models and predictive analytics, enable data exploration and data lineage tracking, enhancing customer relationship management and risk management. Cloud-based BI and data cataloging facilitate process automation and supply chain optimization, while data visualization and natural language processing offer human resource analytics and self-service BI.

Hybrid BI solutions integrate on-premise and cloud computing, offering flexibility and scalability. Data security remains a priority, with data governance and data warehousing ensuring data is secure and accessible for business decision support. Data enrichment and data integration provide the foundation for financial reporting and reporting dashboards, while data streaming and data mining offer valuable insights for sales forecasting. The BI landscape is continually unfolding, with data privacy regulations and data compliance standards shaping market activities. Data exploration and data insights are at the forefront, driving the need for advanced analytics and data governance frameworks.

The integration of AI and Deep Learning algorithms into BI platforms is transforming the way businesses make informed decisions, enabling them to stay competitive in today's dynamic market.

How is this Business Intelligence (BI) Industry segmented?

The business intelligence (bi) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  BFSI
  Healthcare
  ICT
  Government
  Others


Deployment

  On-premises
  Cloud


Type

  Traditional BI
  Cloud BI
  Mobile BI
  Social BI


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The BFSI segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth and transformation as businesses increasingly rely on data-driven insights to enhance operational efficiency and gain a competitive edge. artificial intelligence (AI) and deep learning algorithms are playing an instrumental role in this evolution, enabling advanced data analytics, predictive modeling, and real-time analytics. Data transformation is a key focus area, with businesses investing in data pipelines, data integration, and data quality to ensure data accuracy and consistency. Cloud computing and on-premise BI solutions are coexisting in a hybrid environment, with cloud-based BI gaining popularity due to its flexibility and scalability. Data security is a t

Business Intelligence and Analytics Software Market Outlook

The Business Intelligence and Analytics Software market is poised for impressive growth, with the market size anticipated to escalate from USD 27.78 billion in 2023 to an estimated USD 53.6 billion by 2032, reflecting a robust CAGR of approximately 7.5% over the forecast period. This substantial growth is fueled by the ongoing digital transformation across industries, where the demand for data-driven decision-making processes is becoming increasingly crucial. Organizations are leveraging these software solutions to gain deeper insights into their operations, enhance customer experiences, and achieve competitive advantages in a rapidly evolving market landscape.

One of the primary growth factors contributing to this market's expansion is the exponential rise in data generation and consumption across various sectors. As businesses continue to digitize their processes, the volume of data being produced is skyrocketing. This data explosion necessitates advanced analytics solutions capable of processing large datasets swiftly and accurately. Business Intelligence (BI) tools enable organizations to convert raw data into actionable insights, allowing for informed decision-making and strategic planning. Furthermore, with the integration of artificial intelligence and machine learning technologies, BI and analytics software are becoming increasingly sophisticated, providing predictive analytics capabilities that forecast future trends and behaviors, thus further driving market growth.

Another significant driver of the BI and Analytics Software market is the need for enhanced customer experience and personalization. In today's competitive landscape, businesses are focusing on understanding customer behavior and preferences to design products and services that meet their needs more effectively. BI tools enable organizations to analyze customer interactions, feedback, and buying patterns, helping them tailor their offerings accordingly. This personalization not only improves customer satisfaction but also fosters brand loyalty, which is crucial for business growth. Additionally, the rise of e-commerce and online platforms has amplified the need for analytics software to track and evaluate user engagement and sales performance.

The push for operational efficiency and cost optimization is also playing a pivotal role in propelling the BI and Analytics Software market forward. In a bid to streamline operations and reduce overhead costs, companies are increasingly adopting analytics solutions that provide insights into process efficiencies, resource allocation, and productivity metrics. By identifying bottlenecks and areas for improvement, businesses can implement strategic changes that enhance overall operational performance. Moreover, analytics software aids in risk management by identifying potential challenges and enabling proactive measures, thereby safeguarding organizational resources and ensuring long-term sustainability.

Business Intelligence Management Software plays a crucial role in helping organizations streamline their decision-making processes. By providing comprehensive analytics and reporting tools, these software solutions enable businesses to gain a holistic view of their operations. This, in turn, allows for more informed strategic planning and resource allocation. As companies continue to navigate the complexities of a data-driven world, the importance of effective business intelligence management cannot be overstated. These tools not only facilitate the analysis of historical data but also offer predictive insights that can help anticipate future challenges and opportunities. As a result, organizations are better equipped to adapt to changing market conditions and maintain a competitive edge.

Regionally, North America is expected to dominate the Business Intelligence and Analytics Software market during the forecast period, attributed to the advanced technological infrastructure and the high adoption rate of digital technologies in industries such as BFSI, healthcare, and IT. Europe follows closely, with a growing emphasis on data protection regulations and an increasing number of small and medium enterprises adopting BI solutions. The Asia Pacific region is projected to witness the highest growth rate, driven by rapid industrialization, increased investment in technology by enterprises, and the growing importance of data analytics in emerging economies like China and India.

Component An

Business Intelligence Software Market size was valued at USD 23.44 Billion in 2024 and is projected to reach USD 46.77 Billion by 2032, growing at a CAGR of 9.02% during the forecast period 2026-2032.

Key Market Drivers

Growing Demand for Data-Driven Decision Making: The business intelligence software market is significantly driven by enterprises' growing reliance on data-driven strategies. Businesses that use data-driven decision-making are 19 times more likely to be successful, 6 times more likely to retain consumers, and 23 times more likely to attract new ones, per a McKinsey Global Institute analysis. The demand for sophisticated business intelligence solutions that deliver actionable insights is being driven by this shift toward analytics-based decision-making.

The global big data and business analytics (BDA) market was valued at ***** billion U.S. dollars in 2018 and is forecast to grow to ***** billion U.S. dollars by 2021. In 2021, more than half of BDA spending will go towards services. IT services is projected to make up around ** billion U.S. dollars, and business services will account for the remainder. Big data High volume, high velocity and high variety: one or more of these characteristics is used to define big data, the kind of data sets that are too large or too complex for traditional data processing applications. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets. For example, connected IoT devices are projected to generate **** ZBs of data in 2025. Business analytics Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate business insights. The size of the business intelligence and analytics software application market is forecast to reach around **** billion U.S. dollars in 2022. Growth in this market is driven by a focus on digital transformation, a demand for data visualization dashboards, and an increased adoption of cloud.

Discover the thriving Southeast Asia Data Analytics and Business Intelligence market. Witness a 7.25% CAGR growth fueled by digital tech adoption by small and medium enterprises.

Global Business Intelligence And Analytics Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

The Mobile Business Intelligence Market Report is Segmented by Solution (Software and Services), Organization Size (Large Enterprises and Small and Medium Enterprises (SMEs)), Application (Sales and Marketing Analytics, Finance and Risk Analytics, and More), End-User Vertical (BFSI, IT and Telecommunications, Healthcare and Life Sciences, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Business Intelligence (BI) Market estimated size and share is projected to exceed USD 78.62 billion by 2034, with a forecasted CAGR of 9.3% during the period.

Business Intelligence (BI) and Analytics Platforms Market Outlook 2032

The global business intelligence (BI) and analytics platforms market size was USD 43.1 Billion in 2023 and is likely to reach USD 113 Billion by 2032, expanding at a CAGR of 11.3% during 2024–2032. The market is propelled by the growing requirement for data analysis in all companies across various sectors.



Increasing volumes of data generated by modern enterprises are expected to drive the market during the forecast period. These tools enable companies to harness their data effectively, providing insights that support strategic decision-making and operational improvements. The market is witnessing a surge in demand for advanced analytics capabilities, such as predictive analytics and machine learning, which proactively guide business strategies and optimize processes. This trend is encouraging vendors to innovate and expand their offerings to include sophisticated, user-friendly, and integrated solutions.

• In May 2023, Rackspace US Inc. introduced Object Storage, a solution that allows organizations to securely manage vast amounts of unstructured data while eliminating costs associated with data egress, retrieval, and transactions. This innovation offers a cost reduction of over 80% compared to other hyper-scale cloud storage options, significantly benefiting multi-cloud customers with S3-enabled applications by enhancing performance and reducing expenses.

Growing needs for real-time data analysis and accessibility are shaping the development of BI and analytics platforms. Organizations are increasingly seeking solutions that offer cloud-based analytics and mobile accessibility to ensure that decision-makers have immediate access to critical insights, regardless of their location. This shift is not only enhancing the agility of businesses but also promoting a data-driven culture across sectors. Furthermore, the integration of BI tools with existing enterprise applications and systems is becoming a standard practice, aimed at streamlining workflows and improving data consistency.



Rising competition in various industries is compelling companies to adopt BI and analytics platforms to gain a competitive edge. These platforms are crucial in understanding market trends, customer behaviors, and operational efficiencies. By leveraging BI tools, companies identify new market opportunities, tailor their marketing strategies, and improve customer satisfaction. Additionally, analytics-driven insights assist in risk management and compliance monitoring, making BI platforms indispensable in the increasingly regulated global business environment.</span&g

The Business Intelligence and Analytics (BI&A) market is experiencing robust growth, projected to reach $27.09 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 8.9% from 2025 to 2033. This expansion is driven by several key factors. The increasing adoption of cloud-based BI&A solutions offers scalability, cost-effectiveness, and accessibility, fueling market growth across various enterprise sizes. Furthermore, the rising volume of data generated by businesses necessitates sophisticated analytics capabilities for informed decision-making. Organizations across sectors are leveraging BI&A to optimize operations, enhance customer experience, and gain a competitive edge. The market segmentation reveals a strong presence of both Small and Medium Enterprises (SMEs) and Large Enterprises, with cloud deployments gaining significant traction over on-premise solutions. North America currently holds a dominant market share, but the Asia-Pacific region is anticipated to exhibit strong growth due to rapid technological advancements and increasing digital transformation initiatives within the region. The competitive landscape is diverse, with established players like IBM, Microsoft, and SAP alongside emerging innovative companies constantly enhancing the market's capabilities and offerings. The continuous advancements in artificial intelligence (AI) and machine learning (ML) are integrating seamlessly with BI&A tools, enabling predictive analytics and advanced data visualization. This empowers businesses to not only understand past performance but also to forecast future trends and proactively address potential challenges. The increasing demand for real-time analytics and data visualization further fuels the market's growth trajectory. However, challenges such as data security concerns, the need for skilled professionals, and the complexity of integrating various data sources may present restraints. Nevertheless, the overall market outlook remains positive, driven by the continued adoption of digital technologies and the inherent value of data-driven decision-making across industries. The forecast period of 2025-2033 presents ample opportunities for market expansion and innovation within the BI&A sector.

Social Business Intelligence (BI) Market Outlook

The global Social Business Intelligence (BI) market is set to witness significant growth, with the market size expected to surpass USD 15.2 billion by 2023 and projected to reach approximately USD 35.8 billion by 2032, reflecting a robust CAGR of 9.8% throughout the forecast period. This impressive growth is primarily driven by the increasing adoption of data-driven decision-making processes across various industries, fueled by the rapid advancements in artificial intelligence and machine learning technologies. Moreover, the integration of social media analytics into business intelligence solutions is offering new avenues for organizations to glean actionable insights, thereby boosting the overall demand for social BI solutions.

One of the key growth factors propelling the Social BI market is the surge in social media usage across the globe. Businesses are leveraging data from platforms like Facebook, Twitter, and LinkedIn to gain insights into consumer behavior, preferences, and trends, which are invaluable for strategic planning. The ability of Social BI tools to analyze unstructured data from social media and transform it into structured, actionable insights is empowering businesses to enhance their customer engagement strategies, optimize marketing campaigns, and stay ahead in the competitive landscape. This increased focus on customer-centric approaches and personalized marketing is expected to significantly contribute to market growth.

Another major driver is the growing need for real-time analytics in business operations. In today's fast-paced world, organizations are increasingly reliant on the ability to make quick and informed decisions. Social BI solutions provide real-time data analytics capabilities that enable businesses to monitor and respond to social media trends as they occur. This real-time insight is crucial for mitigating risks, managing brand reputation, and maintaining a competitive edge. Furthermore, advancements in cloud computing have facilitated the deployment of social BI solutions, making them more accessible and scalable, thus further propelling market expansion.

The increasing integration of AI and machine learning technologies into Social BI solutions is also a significant growth factor. These advanced technologies enhance the capabilities of BI tools by enabling more sophisticated data analysis and predictive analytics. This integration allows businesses to anticipate market trends, automate data processing, and generate deeper insights from complex datasets. As a result, companies are increasingly investing in Social BI solutions to harness the power of AI-driven analytics for strategic decision-making, leading to a substantial increase in market demand.

Regionally, North America is expected to dominate the Social BI market due to the early adoption of advanced technologies and the presence of major industry players in the region. The Asia Pacific region, however, is projected to witness the highest growth rate during the forecast period. This can be attributed to the rapid digital transformation, increasing social media penetration, and growing adoption of cloud-based solutions in countries like China, India, and Japan. The region's robust economic growth and expanding IT infrastructure further contribute to the market's potential in Asia Pacific.

Component Analysis

In the Social BI market, the component segment is primarily divided into software and services. The software component is expected to hold the largest market share, driven by the increasing demand for advanced analytical tools that can harness data from social media platforms. Social BI software solutions offer a wide range of functionalities, including data visualization, dashboard creation, and predictive analytics, which are essential for businesses to interpret and act upon social data effectively. The growing emphasis on digital transformation across industries has led to a surge in demand for comprehensive software solutions that facilitate seamless integration with existing business processes.

On the other hand, the services segment, which includes consulting, implementation, training, and support services, is anticipated to grow at a significant rate. As organizations increasingly adopt Social BI tools, the need for expert guidance in selecting the right solutions and optimizing their implementation becomes critical. Service providers play a vital role in ensuring that businesses can fully leverage the benefits of Social BI technologies, leading to increased demand for professional services. Furth

The Healthcare Business Intelligence Market Report Segments the Industry Into by Component (Software, Services), by Mode of Delivery (On-Premise Model, Hybrid Model, Cloud-Based Model), by Application (Financial Analysis, Clinical Data Analysis and More), by End User (Payers, Healthcare Providers, Other End Users), and Geography (North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Business Intelligence (BI) and Analytics Platforms market is experiencing robust growth, with a market size of $38.49 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 8.84% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing data volumes across industries necessitate sophisticated BI tools for effective decision-making. The rising adoption of cloud-based solutions offers scalability and cost-effectiveness, further stimulating market growth. Furthermore, the growing demand for advanced analytics capabilities, such as predictive modeling and machine learning, is driving the adoption of more sophisticated BI platforms. Specific sectors like BFSI (Banking, Financial Services, and Insurance), Healthcare, and ICT (Information and Communications Technology) are leading adopters, driven by their need for data-driven insights to improve operational efficiency, risk management, and customer experience. The market is segmented by deployment (on-premise and cloud), with cloud deployment rapidly gaining traction due to its flexibility and accessibility. Competition is intense, with established players like Microsoft, Oracle, and SAP competing with agile newcomers offering innovative solutions. While the market faces challenges such as data security concerns and the need for skilled professionals, the overall outlook remains positive, indicating a sustained period of growth driven by technological advancements and expanding data-driven strategies across diverse industries. The competitive landscape is characterized by both established technology vendors and specialized BI companies. Leading players are focusing on strategic partnerships, acquisitions, and continuous product innovation to maintain their market share and expand into new sectors. The industry is also witnessing increasing adoption of embedded analytics, which seamlessly integrates BI capabilities into applications, broadening the reach of BI tools beyond dedicated analysts. Geographic distribution shows strong growth across North America and Europe, but the Asia-Pacific region, particularly China and India, is emerging as a significant market with high growth potential due to increasing digitalization and government initiatives promoting data analytics adoption. The continued development of artificial intelligence (AI) and machine learning (ML) capabilities within BI platforms will be a major factor shaping the future of this dynamic market, empowering businesses with more predictive and actionable insights.

Global Restaurant Business Intelligence And Analytics Software market size 2025 was XX Million. Restaurant Business Intelligence And Analytics Software Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The business analytics vendors market size was valued at USD 29.6 billion in 2024 and is projected to reach USD 78.2 billion by the end of 2037, rising at a CAGR of 7.8% during the forecast period, i.e., 2025–2037. North America industry is set to register 38% of revenue share with 7% of CAGR during 2025-2037. The growth in the region is driven by huge investments in 5G infrastructure, cloud computing, and artificial intelligence.

The global business analytics market is experiencing robust growth, driven by the increasing need for data-driven decision-making across various industries. The market's Compound Annual Growth Rate (CAGR) of 8.07% from 2019 to 2024 indicates a significant upward trajectory, projected to continue into the forecast period (2025-2033). Key drivers include the expanding volume of data generated by businesses, the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, and the growing demand for advanced analytics techniques like predictive modeling and AI-powered insights to gain a competitive edge. The market is segmented by deployment (on-premise, cloud-based, hybrid) and end-user industry (banking, finance, healthcare, manufacturing, retail, telecom, and others). The cloud-based segment is expected to dominate due to its flexibility and accessibility. Industries like banking, financial services, and insurance (BFSI) are major adopters, leveraging analytics for risk management, fraud detection, and customer relationship management (CRM). However, challenges such as data security concerns, the need for skilled professionals, and the high initial investment costs for implementing comprehensive analytics solutions act as restraints on market growth. While precise figures for market size in specific years are unavailable, a logical estimation based on the provided CAGR suggests substantial growth. For example, if we assume a 2024 market size of $100 billion (a reasonable estimate given the market dynamics), the 2025 market size would be approximately $108 billion, projecting to significantly higher values throughout the forecast period. The competitive landscape is marked by a mix of established players like Oracle, IBM, SAP, Microsoft, and Salesforce, and specialized analytics vendors. These companies continuously innovate, introducing advanced features and integrating AI capabilities into their offerings. The market is expected to see further consolidation as companies seek to expand their market share and offer comprehensive solutions. The increasing adoption of big data technologies and the development of more sophisticated analytics techniques will further fuel market expansion in the coming years. Geographic regions such as North America and Europe are currently leading the market, but the Asia-Pacific region is projected to witness rapid growth due to increasing digitalization and rising investments in technology across developing economies. This balanced growth across different segments and regions suggests a bright outlook for the business analytics market in the long term. Recent developments include: June 2023: MicroStrategy Incorporated, the independent publicly traded analytics and business intelligence firm, has started a new multi-year partnership with Microsoft that will extend the availability of MicroStrategy’s products powered by Microsoft Azure. The collaboration will incorporate MicroStrategy’s advanced analytics abilities with Azure OpenAI Service to help businesses harness the full potential of their data., May 2023: Rackspace US Inc. announced Object Storage, enabling organizations to store and utilize large pools of unstructured data securely. Rackspace Object Storage saves substantial costs by eliminating data egress, retrieval, and transaction charges. In many cases, the Rackspace Object Storage solution can save more than 80% over hyper-scale cloud storage options. For multi-cloud customers operating modern S3-enabled applications, this is a new paradigm that facilitates better performance and lower costs, even as data-intensive applications continue to drive up the need for storage.. Key drivers for this market are: Increasing Volumes of Data and Cloud Deployment, Business Analytics/Intelligence Providers' Partnerships with Companies from Diversified Businesses to Leverage Analytics Capabilities. Potential restraints include: Increasing Volumes of Data and Cloud Deployment, Business Analytics/Intelligence Providers' Partnerships with Companies from Diversified Businesses to Leverage Analytics Capabilities. Notable trends are: BFSI is Expected to Hold Major Share.