TechNavio today launched its report, Global Business Intelligence Tools Market in the Financial Services Sector 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this 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 in the Financial Services sector 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 BI tools. In addition to the increased adoption of SaaS-based solutions by SMEs, they are gradually being used by large enterprises. The software available over the internet in a subscription model provides increased flexibility to the organizations using SaaS-based software. 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.”
According to the report, one of the major drivers is the need to manage large volumes of enterprise data. These data must be accessible as part of or as an extension to the corporate information framework, and they should be made available for analysis and decision making. BI tools are useful in the retrieval and analysis of this vast and growing amount of diverse data.
Further, the report reveals that the high cost of implementation is one of the major challenges confronting the 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 vendors. 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 market research reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Business Intelligence Tools Market in the Financial Services Sector 2011-2015
