Published by Coherent Market Insights
Posted on September 24, 2021
3 min readLast updated: February 2, 2026
The global Business Intelligence Market is growing at a 9.6% CAGR, driven by digitalization. Key players include Microsoft and IBM, with BI enhancing decision-making.
United States/WA: The global Business Intelligence and Analytics Market is expected to exhibit a CAGR of 9.6% during the forecast period (2019–2027)
Report Pages:[150 Pages]
The Competitive Area of the Business Intelligence and Analytics Market is Defined by Key Players Like:–Tibco Software, Tableau Software, Inc., SAS Institute, Inc., SAP AG, Qlik Technologies, Inc., Oracle Corporation, Microstrategy , Inc., Microsoft Corporation, Information Builders, IBM Corporation.
Analytics and business intelligence (ABI) is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance. Business intelligence and analytics are data management solutions implemented in companies and enterprises to collect historical and present data, while using statistics and software to analyze raw information, and deliver insights for making better future decisions.
Business intelligence (BI) is about using data to make intelligent business decisions by monitoring, collecting and reporting data for interpretation. Since there is so much data out there, BI helps organizations filter through existing relevant data to decipher trends and patterns in the past and present to make better decisions for current operations. Business intelligence greatly improves business performance, with statistics showing up to a ten-fold increase in the return-on-investment. Organizations that utilize business intelligence see close to a five-time increase in customer experience analysis and decision-making speed. Conversely, failure to adopt BI has resulted in large chunks of data remaining unutilized. Predictive modeling is a BI technique that utilizes statistical techniques to create models that could be used in forecasting probabilities and trends. With predictive modeling, it is possible to predict the value for a particular data item as well as the attributes using multiple statistical models.
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The post Business Intelligence and Analytics Market Is Growing with the Increasing Digitalization across the Globe appeared first on Gatorledger.
The article discusses the growth of the Business Intelligence and Analytics Market driven by global digitalization.
Key players include Microsoft, IBM, Oracle, and Tableau Software.
Predictive modeling uses statistical techniques to forecast probabilities and trends in business intelligence.
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