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SOURCE Research and Markets
DUBLIN, Feb. 12, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/hsg7wq/business ) has announced the addition of the "Concise Analysis of the International Business Intelligence Market: Forecasts to 2018"report to their offering.(Logo: http://photos.prnewswire.com/prnh/20130307/600769)
The use of business intelligence provides enables users to make better decisions which will provide them with an edge over their competitors. From an IT perspective, business intelligence (BI) is an umbrella term that covers architecture, applications and databases. BI relates to a broad category of technologies that enable business users to gather, store, access and analyze data to make better decisions. In general, the core features of BI solution includes decision support systems, querying and reporting, online analytical processing (OLAP), data mining, forecasting and statistical analysis.
Business intelligence systems and tools play a key role in the strategic planning process of organizations. In current times, organizations have to collect and deal with large volumes of data from their operations. The data from various sources has to be stored, consolidated and abstracted for future references and strategic planning of business processes. This creates many data management challenges. BI tools and systems help organizations to address these challenges.
Over the last decade, many organizations have invested in business intelligence software that helped them to centralize the data and make their decision making more effective. BI tools have helped them gain a better understanding of their performance and manage their performance effectively. Although the global economic downturn of the last few years slowed the growth of this market, companies worldwide have increasingly begun to adopt and deploy BI solutions in the recent times, enabling the market to sustain growth. Companies, today, have a stronger need to convert data into opportunities.
The global business intelligence market is estimated to reach $20.81 billion in 2018 from $13.98 billion in 2013, at an estimated Compound Annual Growth Rate (CAGR) of 8.28% during the same period of five years. In this report, the business intelligence market has been segmented across various technologies, functions, organization sizes and its revenue across the different business verticals. Among all regions, the North American market captures a major share of 49% of the global BI market.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Business Intelligence: Market Size And Forecast By Technology
5 Business Intelligence: Market Size And Forecast By Functions and Deployment
6 Business Intelligence: Market Size and Forecast By End-Users
7 Business Intelligence: Market Size and Forecast By Regions
8 Business Intelligence: Market Analysis, Trends and Insights
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/hsg7wq/business
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