Business Intelligence Market 2022 Strategic Analysis, Growth Drivers, Industry Trends, Demand And Future Opportunities Till 2032
During the forecast period, the business intelligence market is expected to grow at a CAGR of 7%. The business intelligence industry is expected to grow to $52.6 billion by 2032, up from $26.7 billion in 2022. Various factors, such as a greater focus on digital transformation, higher investments in analytics, increasing need for data visualisation dashboards, increased cloud use, and increased data generation, are expected to drive up demand for business intelligence. Cloud computing and big data analytics have gained popularity in recent years, according to the current business intelligence industry adoption trends. Cloud computing is seen as a potential platform for supplying BI applications as a storehouse for organised and unstructured data. COVID-19 has made it even more important for all firms to put their data to work in order to make faster decisions. A comprehensive business intelligence approach can help organisations define a...