TechNavio today launched its report Global Business Intelligence Tools Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said, ”The adoption of Software as a Service (SaaS)-based business intelligence (BI) applications is expected to grow rapidly in the near future. The traditional on-premise deployment of BI tools is slowly being taken over by single and multi-tenant hosted SaaS. These solutions are becoming an increasingly popular option for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by small and medium-sized enterprises (SMEs), they are gradually being used by large enterprises. Furthermore, many vendors in the market have begun to offer their BI tools through the SaaS model to expand their services and enter new markets. In addition, the difficult economic times have required organizations to adopt SaaS as a cost-cutting alternative.”
According to the report, the increasing customer demand and the rising pricing pressure have led to intensified competition in the recent business environment. This has accelerated the growing interest of enterprises in acquiring visibility on the performance of various business operations such as supply chain, human resources, and financial performance from the perspectives of enterprises as well as consumers. This helps enterprises develop new competitive strategies.
Further, the report also discusses that the high cost of implementing BI tools is one of the major challenges confronting this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit https://www.technavio.com/content/global-business-intelligence-tools-mark…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Enterprise Computing, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Report – Global Business Intelligence Tools Market 2011-2015
