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Self-Service BI Market Estimated to Grow $7.31 Billion by 2021
(Telecom-NewsWire.Net, August 09, 2019 ) According to research report "Self-Service BI Market by Type (Software, Services), Application (Sales & Marketing Management, Customer Engagement & Analysis, Predictive Asset Maintenance), Business Function, Deployment Model, Vertical, & Region - Global Forecast to 2021", The self-service Business Intelligence (BI) market is estimated to grow from USD 3.61 Billion in 2016 to USD 7.31 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.2%.

The major forces driving the self-service BI market are the ease of use for non-technical staff, increasing need for in-depth competitive insights, and expanding volume of business data. The self-service BI market is growing rapidly because of the transformation from traditional BI techniques for analyzing business data to advanced techniques and massive surge of structured and unstructured data.

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Browse and in-depth TOC on “Self-Service BI Market”
79 - Tables
60 - Figures
161 - Pages

Human Resources business function is expected to grow at the highest CAGR

Self-service BI tools and services are used for various business functions, which include marketing, finance, sales, operations, and Human Resources (HR). HR is expected to witness the highest CAGR during the forecast period, among all business functions, due to the increasing need for HR departments across industry verticals to understand the complex interaction between staffing levels, competencies, compensation structures, workforce profile, and other factors, which would help them maximize their return on human capital.

Banking, Financial Services, and Insurance (BFSI) is estimated to have the largest market size in 2016

The self-service BI market is also segmented into various industry vertical. Out of them, the adoption of self-service BI is expected to be the highest in the BFSI vertical as the volume and variety of data in this vertical is increasing day by day with the growing demand of IT systems for financial transactions in banks and other financial services institutes.

North America is expected to dominate the self-service BI market during the forecast period

North America is expected to hold the largest share of the self-service BI market in 2016 due to the technological advancements and early adoption of BI solutions in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

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The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), Tableau Software (U.S.), MicroStrategy (U.S.), TIBCO Software (U.S.), Qlik Technologies (U.S.), and Zoho Corporation (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Mr. Shelly Singh


Source: EmailWire.Com


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