Global Bus. Intelligence (BI) & Analytics Platforms Market 2018-2022 | Rising Need to Improve Bus. Efficiency Will Boost Dema...
21 November 2018 - 4:55PM
Business Wire
Technavio analysts forecast the global business
intelligence (BI) and analytics platforms market to grow at a CAGR
close to 8% during the forecast period, according to their latest
market research report.
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Technavio has published a new market
research report on the global business intelligence (BI) and
analytics platforms market from 2018-2022. (Graphic: Business
Wire)
The growing popularity of the medical tourism industry is one of
the major trends being witnessed in the global business
intelligence (BI) and analytics platforms market 2018-2022. The
global healthcare industry is gaining popularity owing to the
presence of skilled healthcare professionals and doctors as well as
the availability of low-cost treatments in APAC. The value of the
global medical tourism market is expected to reach about USD 8
billion by 2020. This has led to increasing reliance on business
analytics for the healthcare industry. These tools help doctors in
decision making processes by clubbing the medical data into
electronic dashboards. They also help in preventing unauthorized
transactions in medical billings and thus reduce administrative
costs. Thus, with such advantages, the market is expected to
register a positive outlook during the forecast period.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
According to Technavio analysts, one of the key factors
contributing to the growth of the global business intelligence (BI)
and analytics platforms market is the rising need to improve
business efficiency:
Global business intelligence (BI) and
analytics platforms market: Rising need to improve business
efficiency
Increase in the number of connected devices across industries
has led to massive amounts of data generation. Businesses have
realized that they can use data to optimize costs, deliver better
services, and boost revenues. Therefore, business models are
changing across the world to become data-driven rather than
experience and perception-driven. Moreover, business analytics
enhances business productivity using several predictive mechanisms
and risk-averting models. It helps companies in creating new growth
opportunities and entirely new categories of products and services
with a reduction in errors and failure rates. To implement these
technologies in the industrial framework, there is a pressing need
for establishing a seamless connect for efficient communication
among machines, systems, and people. Therefore, business
intelligence and analytics have become a strategic priority for
several industrial organizations.
According to a senior analyst at Technavio
for research on enterprise application, “Apart from rising need to
improve business efficiency, another factor that is boosting the
growth of the market is the increasing use of smart connected
devices. As the number of smart connected devices increases, the
amount of data generated increases, which in turn increases the
need for BI and analytics platforms. These developments will boost
the growth of the overall market.”
Global business intelligence (BI) and
analytics platforms market: Segmentation analysis
The global business intelligence (BI) and analytics platforms
market research report provides market segmentation by end-user
(BFSI, healthcare, ICT, Government, others), and by region (the
Americas, EMEA, and APAC). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017,
accounting for over 44% share, followed by the EMEA and APAC
respectively. Although APAC held the smallest share of the market,
it is expected to witness the maximum increase in its market share
over the forecast period.
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Technavio’s sample reports are free of charge and contain
multiple sections of the report such as the market size and
forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
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advisory company. Their research and analysis focuses on emerging
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com