Industry Background:
Self-service Business Intelligence (BI) is a type of business intelligence that enables business users to access business data and analyze them. It is mainly used to assemble business data and find the solution in an assorted manner. Self-service BI tools are mainly incorporated by the companies to organize a large amount of company data in a systematic manner. The main aim of using self-service BI tools is to provide easy and understandable access to the company information by business executives and managers. Further, ease of usage and Growth of market owing to the human resources business function is driving the global Self-service Business Intelligence (BI) market.
According to AMA, the market for Self-Service BI is expected to register a CAGR of 15.13% during the forecast period to 2026. This growth is primarily driven by Expansion of Volume of Business Data and Transformation of Old BI Technique to Advanced Technique In Order To Analyze Business Data.
Globally, a noticeable market trend is evident Increasing Demand from Various Business Functions Including Marketing, Sales, Operations, Human Resource, and Finance. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft Corporation (United States), IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), SAS Institute (United States), Tableau Software (United States), MicroStrategy (United States), TIBCO Software (United States) and Astera Software (Pakistan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2018, Astera Software Company develops enterprise-grade data management solutions, has joined hands with the leading visual analytics platform, Tableau. This partnership is geared towards enabling business users to leverage an end-to-end data management and visualization platform that offers advanced-level capabilities for data extraction, profiling, integration, warehousing, and visualization.
January 2018, Organizations are embracing self-service analytics and business intelligence (BI) are bringing these capabilities to business users of all levels. This trend is so pronounced that Gartner, Inc. predicts that by 2019, the analytics output of business users with self-service capabilities will surpass that of professional data scientists.
Market Drivers
- Expansion of Volume of Business Data
- Transformation of Old BI Technique to Advanced Technique In Order To Analyze Business Data
Market Trend
- Increasing Demand from Various Business Functions Including Marketing, Sales, Operations, Human Resource, and Finance
Restraints
- Challenge To Deliver Single and Unified Insight of the Enterprise Data and Having the Correct Data Foundation
Opportunities
Growing Volume of Business Data and Emergence of Cloud Computing BI Market
Challenges
Deployment of Self Service BI tools demanding an Effective Data Governance and Concerns of Data Security and Privacy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Self-Service BI Study Sheds Light on
The Self-Service BI Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Self-Service BI industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Self-Service BI industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.