Global BI & analytics software market size 2018-2023

The market size for business intelligence and analytics software applications is forecast to increase worldwide over the next few years from 13.9 billion U.S. dollars in 2018 to 16.5 billion in 2023. The business intelligence and analytics software application market is a subsegment of the enterprise application software market. Enterprise application software - a market with worldwide revenues of 210 billion U.S. dollars in 2019 - aims at responding to the needs of organizations. These software programs make it easier for companies and businesses to accomplish their corporate goals, by helping to improve supply chain management, manage resources, or interact better with customers, among others.

Business intelligence and analytics

    Business intelligence applications are used to collect and analyze current, actionable data in order to maintain, optimize or streamline business operations. Business analytics tools, on the other hand, are used to analyze data to be able to predict business trends. The leading companies in the business intelligence and analytics market are Microsoft, SAP and IBM, with revenues of 2.6 billion U.S. dollars, 2.1 billion, and 1.9 billion respectively in 2018.

Size of the business intelligence and analytics software application market worldwide, from 2018 to 2023

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Sources

Release date

December 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

* Forecast.

For this statistic, the figures from 2019 to 2022 were rounded after being calculated using a constant annual growth rate of 3.6 percent CAGR, as provided by the source.

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Statistics on "Oracle"

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