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The Global BI and Analytics Software Market Estimated to Reach $26.78 billion by 2020

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In a recently published report, Markets and Markets, a premier market research firm, has estimated the global business intelligence and analytics software marketto reach net worth of $26.78 billion by the year 2020, while growing at a compound annual growth rate of 8.4% through 2015–2020. The report is an in-depth analysis of the global BI and analytics software market by segment of application, services offered, deployment type, organization size, industry vertical, and geographical regions.

The study highlights the rapid increase of self-service BI implementation driven by a growing incline towards mobile cloud-based business solutions. It marks BFSI and retail as the two industry verticals with the maximum capture of the global market share at present. The small-to-medium enterprises exhibit a promising trend when considering the rate of BI adoption during 2015–2020. Among the geographical segments under study, North America has been projected as the highest spender and the largest adopter of business intelligence and analytics software.

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The original press release first appeared at https://www.marketsandmarkets.com/PressReleases/business-intelligence-analytics-software.asp.

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