Global Self-Service BI Market was valued as USD 14.20 billion in 2019 which is expected to reach USD 18.2 billion by 2027.
Information and Communication Technology can also be defined as the convergence of media technology. Convergence of media technology comprises telephone and audio-visual networks along with computer networks. It is built by the application of a combined structure of link systems or cabling that includes management and signal distribution. Information and Communication Technology has no universally applicable definition.
Self-service BI is data analytics technique that enables business users to access and work with corporate data even though they don’t have background in statistical analysis, data mining, or business intelligence. It is popular option as it allows a client company to do more without as much support from an IT vendor.
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Increase in need for In-depth competitive insights is considered as driving factor which is expected to boost the global self-service BI market growth. Furthermore, adoption of self-service BI by small and medium size enterprises will have the positive impact on market growth. Moreover, advancements in cloud computing in the BI market will fuel the market growth. In addition to that, increase in volume data will drive the market growth during this forecast period.
However, high investment costs and lack of proper data governance process are the major challenging factors which are expected to hinder the global self-service BI market growth. Also, data security and safety concerns will obstruct the market growth.
Global Self-Service BI Market is segmented into type such as Software, Services (Managed Services, and Professional Services), by Business Function such as Finance, Marketing, sales, Human Resources, and operations, by Deployment such as On-Cloud, and On-premise. Further, market is segmented into applications such as Risk & Compliance Management, Fraud & Security Management, Operation Management, Sales & Marketing Management, Predictive asset Maintenance, and Others, and by vertical such as Healthcare, Government, IT & Telecom, BFSI, Retail, Media & Entertainment, and Others.
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Also, Global Self-Service BI Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The primary research procedure is based on results of face to face interviews with industry experts and consumers. The secondary research process includes an intricate study of the scholarly journals and reports available online.
Market key players
Various key players are discussed in this report such as TIBCO Software Inc, RapidMiner, Inc, MapR Technologies, Inc, ALTERYX, Inc, QlikTech International AB, TABLEAU SOFTWARE, Zoho Corporation Pvt. Ltd, SAS Institute Inc, Oracle, IBM Corporation, and Domo, Inc
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