The embedded business intelligence (EBI) market is anticipated to grow at an outstanding rate between 2023 and 2033, with a remarkable CAGR of 11.2%, reaching a staggering value of USD 81,356.7 million by that year. The compelling drivers driving the adoption of EBI solutions across numerous industries serve as the foundation for this growth trajectory.
Self-service analytics’ growing popularity is one of these factors, giving firms the ability to easily incorporate analytical capabilities into their current applications. End users can easily access data analysis as a result without the need for specialized knowledge, which promotes wider adoption across all sizes of enterprises. Businesses are finding themselves well-equipped to traverse the data-driven market with confidence and agility as EBI technologies soar.
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Key Takeaways
- Economic Giants: The United States, China, and India stand out as the list’s economic giants thanks to their sizable markets and rapid growth rates (20.4%, 10.2%, and 13.2%, respectively).
- Germany’s Strong Performance: Germany’s 8.2% continuous growth reflects its significant technology advancement and market presence in business intelligence.
- Japan’s Moderate Growth: With a moderate growth rate of 3.7%, Japan is a mature market with possibilities for future growth.
- The United Kingdom’s Consistent Growth: The U.K. shows a decent growth rate of 12.1%, indicating its dynamic market that is still developing.
- Australia’s Rising Star: Australia is a promising rising market in the embedded business intelligence space, with a growth rate of 2.3% and a steady ascent.
Competitive Landscape
Competition is king in the dynamic embedded business intelligence (EBI) market, where demand is soaring among companies of all kinds. Agile up-and-comers and powerful established firms engage in vigorous competition for market share. This ferocious rivalry is motivated by a variety of factors. EBI solutions are being supplied by a growing number of suppliers in the market, giving organisations more options.
A game-changer, the quick pace of innovation in the EBI space forces businesses to keep ahead of the curve in order to preserve their competitive edge. In today’s data-driven world, the battle to supply the most responsive and useful analytics solutions has been fueled by the race to provide real-time information to users as a key differentiation.
Microsoft Power BI: A cloud-based business intelligence (BI) tool, Microsoft Power BI aids organisations in data analysis and better decision-making. Microsoft Office apps, Salesforce applications, and SAP applications are just a few of the programmes that can incorporate Power BI.
Qlik Sense: Is an effective business intelligence (BI) tool that enables organisations to access, examine, and share data in real time. Numerous programmes, such as SAP applications, Salesforce applications, and Oracle applications, can incorporate Qlik Sense.
Tableau: A well-liked BI tool, Tableau enables companies to build interactive dashboards and visualisations. Salesforce, SAP, and Oracle applications are just a few of the programmes that Tableau may be integrated into.
Domo: A cloud-based business intelligence (BI) tool that enables organisations to gather, store, and analyse data from various sources. Salesforce, SAP, and Oracle applications are just a few of the programmes that Domo can be integrated into.
Key Players
- Microstrategy
- Jaspersoft
- Pentaho
- Mode Analytics
- Looker
- Sisense
- Insightsoftware
- SAP
- Oracle
- QlikView
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Key Developments
- “Cloud’s Silver Lining: EBI Soars with Cloud-Based Solutions” – The cloud-based solutions market is seeing meteoric growth, offering companies lower costs, scalability, and simple deployment for their data analytics requirements.
- “AI’s Alchemy in EBI: Unveiling Insights and Empowering Users” – Artificial intelligence is the secret ingredient reshaping the EBI environment by automating data tasks, producing insightful data, and empowering users with self-service analytics capabilities.
Key Segments Profiled in the Embedded Business Intelligence Industry Survey
By Deployment:
- On-premise
- SaaS
By Services:
- Professional
- Support
By Vertical:
- BFSI
- Healthcare
- Media and Entertainment
- Retail
- Telecom
- Food & Beverages
- Other Verticals
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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