Market Forecast by Component (solutions and services), by Vertical (energy & utility, oil & gas, manufacturing, mining & metal, transportation, pharmaceutical, and others), By Deployment Mode (cloud and on-premise) and by Regions (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) and Competitive Landscape
Product Code: ETC037281 | Publication Date: Dec 2020 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Business Intelligence Platforms Market |
Forecast Period | 2025-2031 |
Market Size |
USD 53 billion by 2031 |
CAGR | 10.8% |
Growing Sector | Manufacturing |
The Business Intelligence Platforms Market report thoroughly covers the market by Component, Verticals, Deployment Mode, and key regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The Global market for business intelligence (BI) platforms is expected to increase at a CAGR of 10.8%, from approximately USD 23 billion in 2025 to USD 53 billion by 2031. The increasing use of data-driven strategies across industries, improvements in machine learning and artificial intelligence (AI) that improve analytical capabilities, and a growing trend toward scalable and affordable cloud-based Business Intelligence solutions are the main drivers behind this rapid expansion.
It is expected that the global business intelligence (BI) platforms market will develop significantly due to increasing adoption of data-driven approaches across industries. Machine learning and AI developments are transforming analytics capabilities and allowing businesses to glean more profound insights from their data. The market is adopting cloud-based solutions more quickly due to their scalability and affordability. Furthermore, the growing need for predictive insights and real-time analytics is improving operational efficacy and decision-making procedures.
According to 6Wresearch, the Business Intelligence Platforms Market is anticipated to grow at a CAGR of 10.8% during the forecast period 2025-2031. A number of significant factors are the reason for the global business intelligence (BI) platforms market growth. The need for sophisticated BI tools has increased as companies in all sectors embrace data-driven tactics to obtain a competitive advantage. Advances in machine learning and AI are improving analytics capabilities and enabling businesses to obtain more in-depth and useful information. Another important factor is the shift to cloud-based solutions, which provide increased accessibility, scalability, and cost savings. Additionally, businesses are able to make better decisions more quickly thanks to the increasing reliance on real-time analytics and predictive insights.
Notwithstanding the encouraging expansion, the market for BI platforms still confronts a number of significant obstacles. Concerns about data security and privacy continue to be major obstacles as businesses handle sensitive data in ever-more-complex regulatory contexts. The intricacies of integration provide additional challenges, particularly for companies seeking to integrate BI solutions with their current data sources and processes. Limiting market penetration, high implementation costs may discourage smaller businesses from implementing these technologies. Furthermore, the lack of qualified experts who can efficiently deploy, oversee, and use BI systems closes the gap between new technology and real-world use, delaying the potential of these tools.
Among the noteworthy trends propelling the worldwide business intelligence (BI) platforms market is the emergence of self-service BI solutions, which enable users to do independent data analysis. While the integration of AI and machine learning is improving advanced analytics, data visualization is still essential for making insights easier to understand. Cloud-based solutions are becoming more and more popular because of their scalability and cost-effectiveness, as well as the growing importance of mobile BI for access while on the road. Predictive analytics is also becoming more popular as companies look to forecast results and improve their tactics.
The increasing need for analytics powered by artificial intelligence and machine learning is driving the fascinating investment prospects in the worldwide business intelligence (BI) platforms market. Alongside the emergence of self-service BI tools, which allow for greater accessibility, businesses are moving to scalable cloud-based solutions, which is a major growth area. Critical decision-making is still shaped by real-time and predictive analytics, which increases the market's attractiveness. Furthermore, data-driven methods in rising markets and industries present significant development potential, attracting investors looking for long-term profits and innovation in a dynamic industry.
Key companies including Microsoft, Tableau, SAP, IBM, Oracle, and Qlik dominate the market. Microsoft prioritizes the integration of AI and machine learning for advanced analytics and predictive insights through its Power BI tools. Tableau, renowned for its intuitive user interfaces, is leading the charge to transform data visualization under Salesforce's direction. Utilizing their extensive knowledge of corporate solutions, SAP and IBM are propelling the adoption of cloud-based BI. Oracle specializes in providing scalable cloud platforms that enable enterprises to integrate data seamlessly. While, Qlik leads the industry in self-service BI solutions that give consumers powerful yet approachable analytics features.
The Business Intelligence Platforms Market is significantly shaped by government restrictions. The creation and application of BI tools are greatly impacted by data privacy rules, including the California Consumer Privacy Act (CCPA) in the US, the GDPR in Europe, and other regional requirements. These regulations require BI businesses to prioritize strong security measures and open data policies since they enforce stringent compliance in areas including data security, user permission, and the management of cross-border data transfers. In order to avoid prejudice and guarantee accountability, governments are also putting more effort into encouraging the moral application of AI in analytics.
The future of the business intelligence (BI) platforms industry is poised for remarkable growth, driven by advancements in artificial intelligence (AI) and machine learning (ML) technologies. These innovations are expected to revolutionize data analytics by enabling predictive and prescriptive analytics capabilities, empowering organizations to make strategic, data-backed decisions with greater accuracy and speed. Furthermore, the increasing adoption of cloud-based BI solutions is anticipated to play a crucial role, offering scalability, flexibility, and cost-efficiency to businesses of all sizes. The integration of BI platforms with Internet of Things (IoT) devices will further enhance real-time data collection and analysis, fostering smarter and more connected enterprises. Additionally, the rise of self-service analytics tools is expected to democratize access to insights, allowing non-technical users to independently explore data and generate reports. With growing emphasis on data security and privacy regulations globally, BI platforms will also increasingly focus on incorporating enhanced encryption and compliance features to address these concerns.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Ashutosh, Senior Research Analyst at 6Wresearch, The global market for business intelligence (BI) platforms is divided into two segments: services and solutions. Solutions are anticipated to take the lead since they directly affect end users' ability to make decisions with dashboards, analytics, and data visualization tools. The main driver of growth is the need for creative, approachable solutions that are suited to a variety of industries; services like implementation and support round out the solutions market.
Energy & utilities, oil & gas, manufacturing, mining & metal, transportation, pharmaceuticals, and other industries are important verticals in the BI Platforms market. Manufacturing sector is anticipated to take the lead because it heavily relies on real-time and predictive analytics to boost supply chain management, optimize operations, and increase efficiency. The sector's remarkable prominence is a result of emerging data-driven initiatives across industries.
The market is divided into two deployment modes: on-premises and cloud-based. The dominance of cloud-based BI tools is anticipated due to their cost-effectiveness, scalability, and flexibility. Because of its remote accessibility and easy integration with contemporary IT infrastructure, cloud solutions are becoming more and more popular among organizations over conventional on-premise alternatives.
Global market dominance is expected in Asia Pacific as a result of rapid industrialization, a building boom, and strong demand from China and India. Steady growth in North America and Europe will be the outcome of regulatory emphasis on bio-based and sustainable solutions. New opportunities will arise from industrial and infrastructure projects in Latin America, the Middle East, and Africa.
The Business Intelligence Platforms Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Business Intelligence Platforms Market Overview |
3.1. Global Business Intelligence Platforms Market Revenues, 2021-2031F |
3.2. Global Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
3.3. Global Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
3.4. Global Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
3.5. Global Business Intelligence Platforms Market Revenue Share, By Regions, 2021 & 2031F |
3.6. Global Business Intelligence Platforms Market Industry Life Cycle |
3.7. Global Business Intelligence Platforms Market- Porter’s Five Forces |
4. Global Business Intelligence Platforms Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Business Intelligence Platforms Market Trends |
6. Global Business Intelligence Platforms Market Overview, By Component |
6.1. Global Business Intelligence Platforms Market Revenues, By Solutions, 2021-2031F |
6.2. Global Business Intelligence Platforms Market Revenues, By Services, 2021-2031F |
7. Global Business Intelligence Platforms Market Overview, By Verticals |
7.1. Global Business Intelligence Platforms Market Revenues, By Energy & Utility, 2021-2031F |
7.2. Global Business Intelligence Platforms Market Revenues, By Oil & Gas, 2021-2031F |
7.3. Global Business Intelligence Platforms Market Revenues, By Mining & Metal, 2021-2031F |
7.4. Global Business Intelligence Platforms Market Revenues, By Manufacturing, 2021-2031F |
7.5. Global Business Intelligence Platforms Market Revenues, By Transportation, 2021-2031F |
7.6. Global Business Intelligence Platforms Market Revenues, By Pharmaceutical, 2021-2031F |
7.7. Global Business Intelligence Platforms Market Revenues, By Others, 2021-2031F |
8. Global Business Intelligence Platforms Market Overview, By Deployment Mode |
8.1. Global Business Intelligence Platforms Market Revenues, By Cloud, 2021-2031F |
8.2. Global Business Intelligence Platforms Market Revenues, By On-premise, 2021-2031F |
9. Asia Pacific Business Intelligence Platforms Market Overview |
9.1. Asia Pacific Business Intelligence Platforms Market Revenues, 2021-2031F |
9.2. Asia Pacific Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
9.3. Asia Pacific Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
9.4. Asia Pacific Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
9.5. Asia Pacific Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
10. North America Business Intelligence Platforms Market Overview |
10.1. North America Business Intelligence Platforms Market Revenues, 2021-2031F |
10.2. North America Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
10.3. North America Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
10.4. North America Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
10.5. North America Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
11. Latin America Business Intelligence Platforms Market Overview |
11.1. Latin America Business Intelligence Platforms Market Revenues, 2021-2031F |
11.2. Latin America Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
11.3. Latin America Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
11.4. Latin America Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
11.5. Latin America Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
12. Europe Business Intelligence Platforms Market Overview |
12.1. Europe Business Intelligence Platforms Market Revenues, 2021-2031F |
12.2. Europe Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
12.3. Europe Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
12.4. Europe Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
12.5. Europe Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
13. Middle East Business Intelligence Platforms Market Overview |
13.1. Middle East Business Intelligence Platforms Market Revenues, 2021-2031F |
13.2. Middle East Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
13.3. Middle East Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
13.4. Middle East Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
13.5. Middle East Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
14. Africa Business Intelligence Platforms Market Overview |
14.1. Africa Business Intelligence Platforms Market Revenues, 2021-2031F |
14.2. Africa Business Intelligence Platforms Market Revenue Share, By Component, 2021 & 2031F |
14.3. Africa Business Intelligence Platforms Market Revenue Share, By Verticals, 2021 & 2031F |
14.4. Africa Business Intelligence Platforms Market Revenue Share, By Deployment Mode, 2021 & 2031F |
14.5. Africa Business Intelligence Platforms Market Revenue Share, By Countries, 2021 & 2031F |
15. Global Business Intelligence Platforms Market Competitive Landscape |
15.1. Global Business Intelligence Platforms Market, By Companies, 2021 |
15.2. Asia Pacific Business Intelligence Platforms Market, By Companies, 2021 |
15.3. North America Business Intelligence Platforms Market, By Companies, 2021 |
15.4. Latin America Business Intelligence Platforms Market, By Companies, 2021 |
15.5. Europe Business Intelligence Platforms Market, By Companies, 2021 |
15.7. Middle East Business Intelligence Platforms Market, By Companies, 2021 |
15.8. Africa Business Intelligence Platforms Market, By Companies, 2021 |
16. Company Profiles |
17. Key Strategic Recommendations |