In 2024, Mode was the leading vendor from the global business intelligence (BI) software market, with a market share of ** percent. The source indicates that BI software enables access and analysis of information to improve and optimize decisions and performance.

Editor’s Choice

• 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.

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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 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 market size for business intelligence and analytics software applications is forecast to increase worldwide over the next few years from **** billion U.S. dollars in 2021 to more than ** billion in 2026. The business intelligence and analytics software application market is a subsegment of the enterprise application software market. Enterprise application software - a market with worldwide revenues of *** billion U.S. dollars in 2020 - aims at responding to the needs of organizations. These software programs make it easier for companies and businesses to accomplish their corporate goals, by helping to improve supply chain management, manage resources, or interact better with customers, among others. Business intelligence and analytics     Business intelligence applications are used to collect and analyze current, actionable data in order to maintain, optimize or streamline business operations. Business analytics tools, on the other hand, are used to analyze data to be able to predict business trends. The leading companies in the business intelligence and analytics market are Microsoft, SAP and IBM, with revenues of *** billion U.S. dollars, *** billion, and *** billion respectively in 2018.

The market for embedded business intelligence is anticipated to be valued at US$ 28,057.6 million in 2023, forecast to grow at a CAGR of 11.2% to be valued at US$ 81,356.7 million from 2023 to 2033. Growth is attributed to high adoption of self-service analytics.

Data Points	Key Statistics
Growth Rate (2018 to 2022)	9.1% CAGR
Expected Market Value (2023)	US$ 28,057.6 million
Anticipated Forecast Value (2033)	US$ 81,356.7 million

Segment 1	Deployment
Segment 1 Name	Embedded Business Intelligence SaaS
Segment 1 Share	62.3%

Segment 2	Verticals
Segment 2 Name	Dynamic Data Management for BFSI
Segment 2 Share	15.3%

Report of Scope

Report Attribute	Details
Growth Rate	CAGR of 11.2% from 2023 to 2033
Base Year for Estimation	2022
Market Value in 2023	US$ 28,057.6 million
Market Value in 2033	US$ 81,356.7 million
Historical Data	2017 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Deployment Services Vertical Region
Regions Covered	North America Latin America Europe Asia Pacific Middle East and Africa
Key Countries Profiled	USA Canada Brazil Mexico Germany UK France Spain Italy Australia New Zealand China Japan South Korea India Malaysia Singapore GCC South Africa Israel Turkey
Key Companies Profiled	Microstrategy Jaspersoft Pentaho Mode Analytics Looker Sisense Insightsoftware SAP Oracle QlikView
Customization	Available Upon Request

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).

Business Analytics Market was valued at USD 84.42 Billion in 2024 and is projected to reach USD 176.14 Billion by 2031, growing at a CAGR of 9.63% from 2024 to 2031.

Global Business Analytics Market Drivers

The market drivers for the Business Analytics Market can be influenced by various factors. These may include:

Growing Adoption of Big Data Analytics: In order to extract meaningful insights from their data, organizations are progressively using big data analytics in response to the exponential expansion of data. Making educated decisions through data analysis is facilitated by business analytics. Growing Need for Data-driven Decision Making: In order to obtain a competitive edge, businesses are realizing the significance of data-driven decision making. The methods and instruments for data analysis and significant insights extraction for improved decision-making are offered by business analytics. Growing Need for Predictive and Prescriptive Analytics: Predictive and prescriptive analytics are becoming more and more in demand as a means of projecting future trends and results. Businesses can use business analytics to prescribe activities to achieve desired outcomes and forecast future outcomes based on previous data. Growing Emphasis on Customer Analytics: As e-commerce and digital marketing gain traction, companies are putting more of an emphasis on comprehending the behavior and preferences of their customers. In order to increase consumer engagement and personalize marketing efforts, business analytics is used to analyze customer data. Emergence of Advanced Technologies: The use of advanced analytics solutions is being propelled by developments in fields like artificial intelligence (AI), machine learning (ML), and natural language processing (NLP). Businesses may now analyze data more effectively and gain deeper insights thanks to these technologies. Operational Efficiency and Cost Optimization Are Necessary: Companies are always under pressure to increase operational efficiency and reduce costs. Business analytics promotes market expansion by assisting in the identification of opportunities for process and cost-cutting enhancements. Compliance and Regulatory Requirements: The use of business analytics solutions for risk management and compliance reporting is being fueled by the growing regulatory requirements in a number of industries, including healthcare, banking, and retail.

The size of the Business Intelligence Market was valued at USD 33.12 Billion in 2024 and is projected to reach USD 70.38 Billion by 2033, with an expected CAGR of 11.37% during the forecast period. The Business Intelligence (BI) market is witnessing significant growth as organizations increasingly rely on data-driven strategies to enhance decision-making and operational efficiency. With the rising adoption of cloud computing, big data analytics, and artificial intelligence, BI tools are evolving to provide real-time insights and predictive analytics. Companies across industries, including healthcare, retail, finance, and manufacturing, are leveraging BI solutions to optimize processes, improve customer experiences, and gain a competitive edge. The market is fueled by the need for self-service analytics, data visualization, and integration of BI platforms with enterprise resource planning (ERP) and customer relationship management (CRM) systems. Additionally, advancements in machine learning and automation are further enhancing BI capabilities, enabling businesses to extract actionable insights from vast datasets. Small and medium-sized enterprises (SMEs) are also adopting BI solutions to streamline operations and enhance agility. However, challenges such as data security concerns, high implementation costs, and integration complexities persist. As organizations continue prioritizing digital transformation, the BI market is expected to expand further, with innovations in augmented analytics and embedded BI shaping its future landscape. Recent developments include: January 2023: Microsoft unveiled Power BI enhanced experiences in Microsoft Teams in January 2023. The three new features announced are rich broadcasting cards for Conversation in Microsoft Teams and an upgrade for old Power BI tabs for taking notes and learning from experiences and needs., December 2022: Tableau 2022.4 was released in December 2022 for customers and researchers to explore information. It automates creating, analyzing, and communicating insights through data stories, including Data Change Radar, Information Guide, and Explaining the Viz., October 2022: Oracle increased inclusive and included data and analytics capabilities in October 2022 to empower business users. With the extra stuff in Oracle Fusion Analytics for ERP, CX, HCM, and SCM data analysis, business users can track performance against corporate objectives using visualizations, KPIs, and analytics.. Key drivers for this market are: Growing Volume of Data: The increasing generation of data from various sources drives the need for effective data management and analysis capabilities.

Demand for Real-Time Insights: Businesses require real-time data insights to make timely decisions and respond to market changes effectively.

Adoption of Cloud-Based Solutions: Cloud-based BI solutions offer flexibility, cost-effectiveness, and scalability, driving their adoption.. Potential restraints include: Data Security and Privacy Concerns: The handling and storage of sensitive data raise concerns about data breaches and privacy violations.

Integration Complexity: Integrating BI systems with other enterprise applications and data sources can be complex and time-consuming.

Skill Shortage: The lack of skilled professionals with expertise in data analysis and business intelligence poses a challenge.. Notable trends are: Cognitive BI: BI tools are incorporating cognitive technologies to automate data analysis and provide personalized insights.

Predictive Analytics: BI platforms are leveraging predictive analytics to anticipate future events and trends.

Self-Service BI: Self-service BI empowers business users to create their own reports and analyses without the need for technical assistance.

Natural Language Processing (NLP): NLP capabilities enable users to interact with BI tools using natural language queries..

Discover the latest insights from Market Research Intellect's Mobile Business Intelligence Market Report, valued at USD 12.5 billion in 2024, with significant growth projected to USD 30.2 billion by 2033 at a CAGR of 10.5% (2026-2033).

The self-service business intelligence market size was valued at USD 6.79 billion in 2024 and is likely to cross USD 63.75 billion by 2037, registering more than 18.8% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is set to account for largest revenue share of 39% by 2037, impelled by surge in research and development efforts in the region.

Business Intelligence Market size was valued at USD 81.05 Billion in 2024 and is projected to reach USD 548.53 Billion by 2031, growing at a CAGR of 27% from 2024 to 2031.

The business intelligence market is driven by several factors, including the increasing availability of data, the growing need for data-driven decision-making, and the advancements in data analytics technologies. Additionally, the increasing complexity of business environments and the need for real-time insights are also contributing to market growth. Furthermore, the growing adoption of cloud-based solutions and the increasing focus on data governance and security are driving demand for business intelligence solutions.

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.

Business Intelligence Service Market Outlook

The global business intelligence service market size was valued at approximately USD 23.1 billion in 2023 and is anticipated to reach around USD 51.4 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.2% from 2024 to 2032. This robust growth is driven by the increasing demand for data-driven decision-making processes across various industries, advancements in big data analytics, and the rising adoption of cloud-based solutions.

The growth of the business intelligence service market can be primarily attributed to the increasing volume of data being generated across industries. Organizations are realizing the critical importance of harnessing this data to gain actionable insights, enhance operational efficiency, and drive strategic initiatives. The advent of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) has further amplified the need for sophisticated BI tools and services. These technologies enable predictive analytics, real-time data processing, and improved data visualization, which are essential for making informed business decisions.

Another significant factor propelling the growth of the BI service market is the growing emphasis on digital transformation. Enterprises are increasingly adopting digital tools and technologies to optimize workflows, enhance customer experiences, and stay competitive in a rapidly evolving market. Business intelligence solutions play a crucial role in this transformation by providing comprehensive data analysis, automating reporting processes, and facilitating proactive decision-making. Additionally, the shift towards remote and hybrid working models, accelerated by the COVID-19 pandemic, has further highlighted the need for robust BI tools that can provide seamless access to data and insights from anywhere, at any time.

The expanding regulatory and compliance landscape is also driving the adoption of BI services. Organizations across various sectors, such as banking, healthcare, and government, are required to adhere to stringent regulatory requirements concerning data privacy, security, and reporting. Business intelligence solutions enable these organizations to efficiently manage and analyze large volumes of data, ensuring compliance with regulations while minimizing risks. This has led to increased investments in BI technologies and services as companies strive to maintain transparency and accountability in their operations.

Regionally, North America is expected to dominate the business intelligence service market, accounting for the largest share during the forecast period. This is attributed to the early adoption of advanced technologies, the presence of major BI vendors, and the high demand for data-driven decision-making processes in the region. Additionally, the Asia Pacific region is anticipated to witness significant growth, driven by the increasing adoption of BI solutions in emerging economies such as China and India, rapid industrialization, and the growing focus on digital transformation initiatives.

Component Analysis

The business intelligence service market is segmented by components into software and services. The software segment includes various BI tools and platforms designed for data analytics, visualization, and reporting. The services segment encompasses consulting, implementation, and support services provided by BI vendors to help organizations effectively deploy and utilize BI solutions. The software segment is expected to hold the largest market share, driven by the continuous development of advanced BI tools that cater to evolving business requirements. The increasing demand for real-time analytics, predictive modeling, and interactive data visualization tools is significantly contributing to the growth of the BI software segment.

On the other hand, the services segment is expected to witness substantial growth during the forecast period. As more organizations recognize the value of BI solutions, there is a growing need for expert guidance and support to ensure successful implementation and integration with existing systems. Consulting services are essential for helping organizations identify the most suitable BI tools based on their specific needs and goals. Implementation services play a crucial role in the seamless deployment of BI solutions, while ongoing support services ensure continuous optimization and troubleshooting to maximize the value derived from BI investments.

The integration of AI and machine learning into BI softw

Explore the growth potential of Market Research Intellect's Business Intelligence Software Market Report, valued at USD 15.8 billion in 2024, with a forecasted market size of USD 34.5 billion by 2033, growing at a CAGR of 9.7% from 2026 to 2033.

The healthcare business intelligence (BI) market size is forecasted to reach a valuation of US$ 3,973.3 million by the end of 2024. The market is anticipated to thrive at a CAGR of 8.10%, reaching a valuation of US$ 8,657.90 million by the end of the forecast period.

Attributes	Key Insights
Healthcare Business Intelligence Industry Estimated Size in 2024	US$ 3,973.3 million
Projected Industry Value in 2034	US$ 8,657.90 million
Value-based CAGR from 2024 to 2034	8.10%

Fast-paced Digitization of the Healthcare Landscape renders Fertile the Opportunity for HBI providers to Widen their Influence

Attributes	Key Insights
Market Value in 2023	US$ 3,675.60 million
Market Estimated Size in 2024	US$ 3,973.3 million
Projected Market Value in 2034	US$ 8,657.90 million

Country-wise Insights

Countries	Value CAGR
China	14.6%
Spain	11.8%
Japan	10.9%
Canada	9.5%
Germany	7.8%

Category-wise Insights

Category	CAGR through 2034
Clinical Analytics	41.20%
On Premise	67.80%

Report Scope

Attribute	Details
Estimated Industry Size in 2024	US$ 3,973.3 million
Projected Industry Valuation in 2034	US$ 8,657.90 million
Value-based CAGR 2024 to 2034	8.10%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Industry Analysis	Value in US$ million
Key Regions Covered	North America; Latin America; Western Europe; South Asia; East Asia; Eastern Europe; The Middle East & Africa
Key Industry Segments Covered	Function, Deployment, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	Microsoft; Oracle Corporation; SAP; Tableau Software Inc.; Perficient Inc.; Tibco Software Inc.; Infor Inc.; Domo Inc.; Sisense Inc.; Panorama Software Inc.

Uncover Market Research Intellect's latest Business Intelligence Market Report, valued at USD 30 billion in 2024, expected to rise to USD 60 billion by 2033 at a CAGR of 8.5% from 2026 to 2033.

The Business Intelligence 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.

Snapshot img

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 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)