According to SPER Market Research, the Self-Service BI Market is estimated to reach USD 36.60 billion by 2032 with a CAGR of 15.68%. Self-service business intelligence (BI) market value has increased as a result of small and medium-sized businesses adopting data analytics solutions more frequently. The market for self-service business intelligence (BI) will see significant growth prospects as cloud computing technologies in BI continue to advance. In-depth competitive insights are in higher demand, which would help the market expand.
The self-service business intelligence (BI) market growth rate will be immediately and favourably impacted by the increasing number of corporate data. The market for self-service business intelligence (BI) will face significant obstacles as a result of the high expenses related to the adoption and upkeep of this technology. The self-service business intelligence (BI) market growth rate will be further slowed down by a lack of qualified individuals to manage the systems.
Self-Service BI Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 68%
- Forecast Market Size (2032): 60 billion
The self-service BI market is anticipated to expand during the Covid-19 epidemic as businesses all over the world implement BI and analytics to carry out their survival plans and strategies. The demand for self-service BI has increased as a result of the increasing use of the work from home concept amid a lockdown by industries including IT and telecom, media and entertainment, healthcare, e-commerce & retail, and BFSI.
Impact of COVID-19 on the Self-Service BI Market
Because businesses all over the world are implementing BI and analytics to carry out their goals and strategies for survival during the crisis, the self-service BI market is anticipated to expand throughout the Covid-19 epidemic.
Self-service BI market demand has increased due to the growing acceptance of the “work from home” idea amid lockdown by industries including IT and telecom, media and entertainment, healthcare, e-commerce & retail, and BFSI.
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Self-Service BI Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Managed Services
- Professional Services
- Consulting Services
- Deployment and Integration
- Support and Maintenance
By Business Function:
- Human Resources
- Customer Engagement & Analysis
- Fraud & Security Management
- Operations Management
- Predictive Asset Maintenance
- Risk & Compliance Management
- Sales & Marketing
- Supply Chain Management & Procurement
By End User:
- Energy & Utilities
- overnment & Defense
- G4 Healthcare
- Media & Entertainment
- Retail & e-Commerce
- Telecom & IT
- Middle East & Africa
- North America
- Latin America
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Self-Service BI Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alteryx, Inc., Automation Anywhere, Inc., Birst, Inc., Blue Prism Limited, Cisco Systems, Inc., Domo, Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Hitachi Vantara Corporation, IBM Corporation, Logi Analytics, MapR Technologies, Inc., Microsoft Corporation, Nice Robotic Automation, Oracle, Pegasystems Inc., QlikTech International AB, RapidMiner Inc., SAS Institute Inc., Sisense Inc., TARGIT, TIBCO Software Inc., UIPATH, Zoho Corporation Pvt. Ltd.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research