TechNavio recognizes the following companies as the key players in Global Business Intelligence (BI) and Analytics Platforms Market: IBM Corp., Oracle Corp., SAP AG, and SAS Institute Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The adoption of SaaS-based BI and analytics platform 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 increasingly becoming popular options for deploying enterprise software. 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 organizations using SaaS-based software. Furthermore, many vendors in the market have begun to offer their BI and analytics platform 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, one major driver is the increasing volume of information generated from enterprise applications. This data must be accessible as part of or as an extension to the corporate information framework and be made available for analysis and decision making. BI and analytics platform tools are useful in the retrieval and analysis of this growing amount of diverse data.
Further, the report states that the difficulty in validating the accuracy of the underlying data is one of the major challenges confronting this market. The data which enterprises use for extracting information is gathered in different times, from different scenarios causing difficulty in validating its accuracy.
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/report/global-business-intelligence-bi-and-anal…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Business Intelligence (BI) and Analytics Platforms Market 2014-2018
