Embedded Business Intelligence Market By Deployment, Capability, Equipment and End User Analysis by 2027
In the past decade, businesses across the globe are pacing to adopt advanced IT technologies to gain a competitive edge and derive valuable business insights. The advancements in cloud technologies are significantly easing such transformations. Various industries are committed to unlocking greater value from digitalization, deriving intelligence from their processes, and enhancing overall profitability. Against this backdrop, the global embedded business intelligence market is showcasing tremendous growth. Embedded business intelligence refers to the smart integration of various business intelligence (BI) tools.
This helps enhance user experience, improve visibility, and provide real-time analytics. The growing penetration of digital technologies, stiffening competition, and potential value generation are collectively creating headways for the global embedded business intelligence market.
𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗚𝗲𝘁 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:- https://www.fairfieldmarketresearch.com/report/embedded-business-intelligence-market/request-sample
Accelerated Adoption of Cloud-Based BI Solutions to Expand Global Embedded Business Intelligence Market
Embedded business intelligence and analytics are capable of enhancing the overall operational efficiency and ROI of an organisation. Several organisations are actively leveraging cloud-based business intelligence solutions to gain detailed data visualisation, data reporting, and data analysis. Adoption of such solutions facilitates in-depth analysis of the business data and improves decision-making. As the world is undergoing robust digital transformation, several small, medium, and large-scale businesses are incorporating data-driven business models. In addition, the growing trend of e-commerce is further fueling the adoption of cloud-based BI solutions. Over the projection period, the surging adoption of cloud-based business intelligence solutions is projected to stimulate the global embedded business intelligence market expansion.
Global Embedded Business Intelligence Market is Segmented as Below:
By Deployment Mode
- On-premise
- Cloud-based
By Service
- Professional services
- Support services
By Industry Vertical
- Banking, financial services, and insurance
- It & telecom
- Public sector
- Manufacturing
- Retail
- Healthcare
- Energy & utilities
- Others
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
BFSI Sector to Reap Lucrative Gains from Technologically Advanced Business Intelligence Solutions
With the rise in digitalisation, there has been a significant uptick in the adoption of embedded business intelligence solutions. Noticeably, the demand for BI solutions is highly concentrated in the banking, financial services, and insurance (BFSI) sector. Specifically, the banking industry is beginning to expand its operations, making a progression towards advanced technologies. To this end, banks utilise business intelligence and data analytics to manage the huge amount of data generated during transactions. It also promotes financial institutions to make intelligent decisions on financial and operational facets. The growing reliance on data, widespread data generation, and adoption of technologies such as AI, machine learning, and IoT are creating novel opportunities across the embedded business intelligence market.
North America Reigns Supreme Amidst Robust Demand for Intelligent Technologies
North America has paced forward in the global embedded business intelligence market owing to the presence of major market entities. The regional growth is further augmented by the robust R&D efforts in intelligent technology solutions. Market players are actively seeking to gain a competitive edge by utilising technological advancements and evolving trends of data proliferation. As business intelligence gets applied across new business verticals, the region is expected to showcase more positive outcomes. Meanwhile, Asia Pacific is set to be the fast-growing embedded business intelligence market owing to the significant adoption of cloud technologies.
Key Market Players
Some of the most prominent players operating in the embedded business intelligence market include Microsoft Corporation, SAP MicroStrategy Incorporated, Birst, Inc., Opentext Corporation, International Business Machines Corporation, Qlik Technologies, Logi Analytics, Information Builders, and TIBCO Software Inc.
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