Business Intelligence Market Growing at a CAGR of 21.1% During 2016 to 2021 - ReportsnReports - Seite 2

Major vendors that offer BI software and services globally are Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Tableau Software (U.S.), SAS Institute (U.S.), Qlik Technologies (U.S.), MicroStrategy (U.S.), Information Builders (U.S.), TIBCO Software (U.S.), Pentaho (U.S.), Yellowfin International (Australia), Sisense (U.S.), and Panorama (Canada). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches & product upgradations, partnerships, collaborations & agreements, and acquisitions to expand their offerings in the BI market.

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North America, followed by Europe, is expected to continue being the largest revenue-generating region for the BI vendors over the next five years. This is mainly due to the presence of various developed economies, such as Canada and the U.S. and because of the high focus on innovations through research & development and technology across industry verticals. Asia-Pacific (APAC) is expected to be the highest growing region in the BI market because of the increasing adoption of IoT& smart technologies and government initiatives such as smart cities in the APAC countries, including China and India.

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