Worldwide Self-service BI Industry to 2026 - North America Dominates the Market - ResearchAndMarkets.com

The "Self-service BI Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The self-service BI Market is expected to grow at a CAGR of 15.5% during the forecast period 2021 - 2026.

Companies Mentioned

• IBM
• Oracle Corporation
• Microsoft Corporation
• SAP SE
• SAS Institute
• Tableau Software
• Qlik Technologies, Inc.
• Microstrategy, Inc.
• Tibco Software
• ZOHO Corporation
• Dataphine
• Looker

Key Market Trends

Self-Service BI has a Dominant Role in Marketing and Sales

• With the bulks of data available today, banks can collect formerly unimaginable information about every customer, giving them a better understanding of customers' wants and helps them to address these needs and wants proactively.
• It also permits diverse departments within a bank, such as marketing, sales, to work more closely as a single unit. Rather than pushing out products to all clients, banks can now merge BI and sales force automation tools to market products tailored to consumers' present situations, whether they're constructing new homes, opening small companies or starting families.
• In fact, financial services companies using BI reported a 7 percent enhancement in cross-sell and up-sell incomes. BI also provides banks up-to-date information on their most profitable clienteles and the banking choices they make. Banks can use that info to hold high-value customers, market the correct products to them and select which products to invest in for the maximum return.

North America Dominates the Self-service BI Market

• Technical advancement and innovation for business management analytics for their production, sales, and advances in the US and Canada are mainly responsible for this region's growth and development. The United States controls this region. Its economy boasts of a highly-developed and technologically or scientifically advanced services area, which accounts for nearly 80% of its output.
• Large US companies also play a chief role on the global stage, with more than a fifth of firms on the Fortune Global 500 coming from the United States. Canada is witnessing an enhanced production and good efficacy in its industries, which is a chief factor in favor of its business intelligence market.
• The vital markets are also being presented by prospects like the upgraded efficiency of BI tools, increasing acceptance of cloud computing in the BI market and varying landscape due to augmented Big Data adoption.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 The Growing Volume of Business Data
4.3.2 Augmented Need for In-Depth Competitive Insights
4.4 Market Restraints
4.4.1 Large Investment Costs
4.4.2 Lack of Data Governance
4.5 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.3 By Deployment Model
5.4 By Industry Vertical
5.5 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM
6.1.2 Oracle Corporation
6.1.3 Microsoft Corporation
6.1.4 SAP SE
6.1.5 SAS Institute
6.1.6 Tableau Software
6.1.7 Qlik Technologies, Inc.
6.1.8 Microstrategy, Inc.
6.1.9 Tibco Software
6.1.10 ZOHO Corporation
6.1.11 Dataphine
6.1.12 Looker

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/hwwfr0

View source version on businesswire.com: https://www.businesswire.com/news/home/20210617005636/en/