Market Forecast by Countries (United States, Canada), By Component (Solutions , Services), By Business Function (Human Resource, Finance, Operations, Sales and Marketing), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Vertical (Retail, Manufacturing, Government and Public Services, Media and Entertainment, Transportation and Logistics, BFSI, Telecom and IT, Healthcare and Life Sciences) And Competitive Landscape
Product Code: ETC4620852 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Business Intelligence Market |
Forecast Period | 2025-2031 |
Market Size | USD 13.87 billion by 2031 |
CAGR | 5.48% |
Growing Sector | BFSI |
North America Business Intelligence Market report thoroughly covers the market By Countries, By Component, By Business Function, By Deployment Mode, By Organization Size, and By Vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Business Intelligence Market was valued at USD 6.64 billion in the past and is expected to reach USD 13.87 billion , growing at a CAGR of around 5.48% from 2025-2031. The growth of the market can be attributed to factors such as increasing adoption of cloud-based business intelligence solutions, growing demand for real-time data analytics, and rising competition among businesses to gain a competitive advantage through data-driven decision making. Additionally, the emergence of technologies like artificial intelligence and machine learning in the BI market is also expected to drive further growth.
North America Business Intelligence Market is on the rise, characterized by a burgeoning demand for data analytics and cloud-based services tailored to the unique needs of American businesses. The market growth is fueled by digital transformation across various sectors such as finance, healthcare, and retail, coupled with the push towards more data-driven decision-making processes. The increased availability of high-speed internet and a surge in smartphone penetration across the continent play a pivotal role in this expansion.
According to 6Wresearch, the North America Business Intelligence Market size is expected to grow, reaching at a CAGR of 5.48% during the forecast period of 2025-2031. The growth is driven by factors such as the increasing adoption of data analytics across various sectors, the penetration of Internet and mobile services, and the digital transformation of businesses aiming for improved decision-making processes. Key trends shaping the industry include the surge in demand for cloud-based business intelligence solutions, owing to their cost efficiency and scalability, and the growing importance of artificial intelligence and machine learning technologies in generating predictive insights for strategic planning. However, the lack of skilled professionals in data analysis and the concerns over data privacy and security pose major hinderances to the North America Business Intelligence Market Growth. Despite these challenges, the adoption of advanced analytics in small and medium-sized enterprises (SMEs) and the expansion of the market into rural areas facilitated by mobile technology presents a dynamic growth arena for stakeholders in the North America Business Intelligence sector.
The North America Business Intelligence Market is witnessing a shift towards data visualization and self-service analytics tools, enabling users to access and analyze data without the need for technical expertise. This trend is expected to continue as businesses increasingly rely on real-time insights for decision-making. Additionally, the adoption of AI-powered chatbots in BI software is also gaining traction, providing more efficient ways to interact with data and generate valuable insights.
Another emerging trend in the market is the integration of BI solutions with enterprise resource planning (ERP) systems, allowing businesses to streamline their operations and improve efficiency by centralizing data management processes.
Some of the key players operating in the North America Business Intelligence Market include Microsoft Corporation, IBM Corporation, SAP AG, Oracle Corporation, Tableau Software, and SAS Institute Inc. These players are focusing on strategic partnerships and collaborations to expand their market reach and provide innovative solutions to their customers.
North America presents immense investment opportunities in the Business Intelligence industry, primarily driven by the increasing demand for data analytics and rising digital transformation across various sectors. Additionally, the presence of major players and a highly skilled workforce further strengthens the market potential. Investing in cloud-based BI solutions, AI-powered analytics tools, and expanding into rural areas are some key strategies that companies can adopt to tap into this growing market.
The North America Business Intelligence Market has been witnessing significant growth, and the leading players in the market are continuously expanding their share through strategic partnerships, collaborations, and innovative solutions. Microsoft Corporation remains a dominant player with its Power BI tool gaining substantial adoption in the region. IBM Corporation is also making strides with its Watson Analytics platform, providing advanced AI-powered analytics to businesses. SAP AG and Oracle Corporation are leveraging their expertise in enterprise resource planning (ERP) systems to integrate BI solutions and offer a comprehensive data management solution for businesses. Tableau Software continues to be a key player with its user-friendly data visualization tools, while SAS Institute Inc. offers advanced analytics capabilities for enterprises looking for predictive insights.
The North America Business Intelligence Market is primarily driven by the private sector, with government regulations playing a supporting role. However, data privacy and security concerns have led to the implementation of strict regulations such as the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA). These regulations have increased the responsibility of businesses in protecting consumer data and ensuring transparency in data handling processes.
Furthermore, government initiatives promoting digital transformation and investment in technology infrastructure also contribute to the growth of the market. For instance, Canada's National Data Strategy aims to create a more competitive environment for businesses through access to high-quality data and advanced analytics capabilities.
The North America Business Intelligence Market is expected to continue its growth trajectory in the coming years, driven by factors such as increasing data-driven decision-making, growing adoption of cloud-based solutions, and the integration of AI and ML technologies. The market is also expected to witness significant expansion into rural areas thanks to the penetration of mobile technology.
Moreover, with the rising importance of data privacy and security, businesses will need to invest in advanced BI solutions that offer robust protection measures. This presents an opportunity for solution providers to develop innovative tools catering specifically to these concerns.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The United States is expected to dominate the North America Business Intelligence Market, owing to its advanced technological infrastructure and the presence of major players in the region.
Solutions hold a major share in the North America Business Intelligence Market. The increasing demand for data analytics and visualization tools is expected to drive the growth of this segment.
The sales and marketing segment is expected to dominate the North America Business Intelligence Market, driven by the increasing need for real-time insights and data-driven decision-making in this function. However, other functions such as human resources and finance are also witnessing significant adoption of BI solutions.
Cloud-based solutions are expected to dominate the North America Business Intelligence Market, driven by their flexibility, scalability, and cost-efficiency.
Large enterprises are expected to dominate the North America Business Intelligence Market, owing to their larger budgets and resources for investing in advanced BI solutions.
The BFSI (Banking, Financial Services, and Insurance) sector is expected to dominate the North America Business Intelligence Market, followed by healthcare and life sciences. This can be attributed to the increasing adoption of BI solutions for risk management, fraud detection, and compliance in the highly regulated financial sector. BFSI
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Business Intelligence Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Business Intelligence Market Revenues & Volume, 2021 & 2031F |
3.3 North America Business Intelligence Market - Industry Life Cycle |
3.4 North America Business Intelligence Market - Porter's Five Forces |
3.5 North America Business Intelligence Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Business Intelligence Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America Business Intelligence Market Revenues & Volume Share, By Business Function , 2021 & 2031F |
3.8 North America Business Intelligence Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.9 North America Business Intelligence Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.10 North America Business Intelligence Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
4 North America Business Intelligence Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Business Intelligence Market Trends |
6 North America Business Intelligence Market, 2021 - 2031 |
6.1 North America Business Intelligence Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America Business Intelligence Market, Revenues & Volume, By Business Function , 2021 - 2031 |
6.3 North America Business Intelligence Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
6.4 North America Business Intelligence Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.5 North America Business Intelligence Market, Revenues & Volume, By Vertical , 2021 - 2031 |
7 United States Business Intelligence Market, 2021 - 2031 |
7.1 United States Business Intelligence Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States Business Intelligence Market, Revenues & Volume, By Business Function , 2021 - 2031 |
7.3 United States Business Intelligence Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
7.4 United States Business Intelligence Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.5 United States Business Intelligence Market, Revenues & Volume, By Vertical , 2021 - 2031 |
8 Canada Business Intelligence Market, 2021 - 2031 |
8.1 Canada Business Intelligence Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada Business Intelligence Market, Revenues & Volume, By Business Function , 2021 - 2031 |
8.3 Canada Business Intelligence Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
8.4 Canada Business Intelligence Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.5 Canada Business Intelligence Market, Revenues & Volume, By Vertical , 2021 - 2031 |
9 North America Business Intelligence Market Key Performance Indicators |
10 North America Business Intelligence Market - Opportunity Assessment |
10.1 North America Business Intelligence Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Business Intelligence Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America Business Intelligence Market Opportunity Assessment, By Business Function , 2021 & 2031F |
10.4 North America Business Intelligence Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
10.5 North America Business Intelligence Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10.6 North America Business Intelligence Market Opportunity Assessment, By Vertical , 2021 & 2031F |
11 North America Business Intelligence Market - Competitive Landscape |
11.1 North America Business Intelligence Market Revenue Share, By Companies, 2024 |
11.2 North America Business Intelligence Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |