Business Analytics Software Market, Global Outlook and Forecast 2024-2030
The global Business Analytics Software market size was valued at US$ 67.89 billion in 2024 and is projected to reach US$ 145.67 billion by 2030, at a CAGR of 13.5% during the forecast period 2024-2030.
The United States Business Analytics Software market size was valued at US$ 23.45 billion in 2024 and is projected to reach US$ 48.92 billion by 2030, at a CAGR of 13.0% during the forecast period 2024-2030.
Business Analytics Software provides tools and platforms for analyzing business data to gain insights and support decision-making.
The global Business Analytics Software market is growing rapidly, driven by data-driven decision making trends. In 2023, total enterprise users reached 200 million, with financial services accounting for 35% of demand. The healthcare segment is growing at 15.5% annually. The market saw a 45% increase in demand for predictive analytics in 2023. Cloud-based platforms dominate with a 70% market share, while on-premises solutions are growing at 8% annually. North America leads with a 40% market share, while Asia Pacific is the fastest-growing region at 14.8% CAGR. The industry is focusing on developing AI-powered analytics, with a 50% growth in R&D investments.
Report Overview
This report provides a deep insight into the global Business Analytics Software market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Business Analytics Software Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Business Analytics Software market in any manner.
Global Business Analytics Software Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
IBM
Splunk
Apache Hadoop
BOARD
Microsoft
Domo
Babelfish
Cloudera
Hortonworks
Looker
QlikView
Sisense
TIBCO
Pentaho
SAP
Market Segmentation (by Type)
Cloud-based
On Premise
Market Segmentation (by Application)
Large Enterprise
Small And Medium Enterprise
Geographic Segmentation
