Global Self-Service Business Intelligence (BI) Market Report and Forecast 2024-2032

Global Self-Service Business Intelligence (BI) Market Outlook

The global self-service business intelligence (BI) market size reached a value of approximately USD 8.20 billion in 2023. The market is further expected to grow at a CAGR of 14.90% between 2024 and 2032, reaching a value of USD 28.55 billion by 2032.

Key Trends in the Market

Self-service business intelligence (BI) is a data analytics approach that enables business users to explore data sets and business intelligence applications without specific knowledge of BI. Users can analyse, filter, sort, and visualise large amounts of datasets without requiring assistance from IT or BI teams.

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• The key self-service business intelligence (BI) market trends include integration of self-service business intelligence tools with artificial intelligence and machine learning. This approach is known as augmented analytics, which allows for automated data preparation and analysis and derivation of actionable intelligence from complex datasets.

• Increasing emphasis on user empowerment is another crucial trend propelling the growth of the self-service business intelligence (BI) global market. This includes reducing the reliance of business users on data analysts and IT professionals and aiding them in exploring data in a more intuitive and agile manner.

• The growing importance of data analytics, heightened by large volumes of data generated across industries and end-users is further bolstering the market for self-service business intelligence. With increasing volumes of data, the demand for its efficient and cost-effective utilisation is on the rise.

Global Self-Service Business Intelligence (BI) Market Analysis

On the basis of component, the market is bifurcated into solutions and services, with solutions further divided by type into analytical applications, corporate performance management (CPM) suites, and BI platform. Based on deployment type, the market is segregated into cloud based and on-premises. On the basis of enterprise type, the market is classified into small and medium size enterprises, and large size enterprises.

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Based on application, the self-service business intelligence (BI) market segmentation is sales and marketing, customer engagement and analysis, fraud and security management, risk and compliance management, predictive asset maintenance, operations management, and supply chain management and procurement, among others. On the basis of end-use, the market is categorised into BFSI, retail and e-commerce, telecom and IT, government and defence, healthcare, manufacturing, media and entertainment, transportation and logistics, and energy and utilities, among others. Based on region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global self-service business intelligence (BI) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Microsoft Corporation

• IBM

• Oracle Corporation

• SAP SE

• SAS Institute

• Automation Anywhere, Inc.

• HCL Technologies Limited

• Hewlett Packard Enterprise Company

• Kofax Inc

• Pegasystems Inc.

• Other

Global Self-Service Business Intelligence (BI) Market Share by End-Use

Retail and e-commerce are anticipated to witness significant growth in the upcoming years, and this growth can be attributed to rising connectivity and increasing penetration of online sales. These tools aid in analysis and interpretation of sales data, evaluation of performance, optimisation of promotions and pricing strategies, and monitoring of revenue trends, among others. With increasing competition in the retail and e-commerce sector, more companies are expected to utilise self-service business intelligence to be able to better cater to customers and get an edge over competitors.

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Global Self-Service Business Intelligence (BI) Market Share by Region

North America is projected to account for a sizable share of the market for self-service business intelligence in the upcoming years, supported by the presence of advanced IT infrastructure and large enterprises in the region. The increasing emphasis on compliance and data privacy is also anticipated to propel the self-service business intelligence (BI) market growth. Early adoption of new technologies in North America countries such as the United States is further expected to aid the regional market growth of self-service business intelligence.

Competitive Landscape

Microsoft Corporation is a software development company that was founded in 1975 and is headquartered in Washington, United States. They are known for offering consulting, products, and solutions, with their own line of hybrid tablet computers, among others.

IBM is an IT services and consulting company which was established in 1911 and is based in New York, United States. They are known for providing industry solutions, resiliency services, technology support, and experience design.

Oracle Corporation, founded in 1977 and headquartered in Texas in the United States, is an IT services and consulting company. The company provides organisations across the world with software and computing infrastructure.

Other market players include SAP SE, SAS Institute, Automation Anywhere, Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Kofax Inc, and Pegasystems Inc., among others.

Key Highlights of the Report