The global revenue in the 'Business Intelligence Software' segment of the software market was forecast to continuously increase between 2024 and 2029 by in total 8.6 billion U.S. dollars (+30.95 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 36.35 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Business Intelligence Software' segment of the software market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The Business Intelligence Software market covers software applications that support organizations in analyzing, visualizing, and reporting data. They are also used to present information in a business context and thus support rational business decisions. These applications help to access data, implement queries, create reports, and perform advanced predictive analytics.
Products in the Business Intelligence Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.
Additional Information:
The Business Intelligence Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).
Key players in this market include SAS Institute, SAP, and IBM.
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Statista. (September 12, 2024). Business intelligence software segment revenue worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide
Statista. "Business intelligence software segment revenue worldwide from 2017 to 2029 (in billion U.S. dollars)." Chart. September 12, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide
Statista. (2024). Business intelligence software segment revenue worldwide from 2017 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide
Statista. "Business Intelligence Software Segment Revenue Worldwide from 2017 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Sep 2024, https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide
Statista, Business intelligence software segment revenue worldwide from 2017 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide (last visited November 26, 2024)
Business intelligence software segment revenue worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph], Statista, September 12, 2024. [Online]. Available: https://www.statista.com/forecasts/1449853/revenue-business-intelligence-software-market-worldwide