Self-Service BI Market to Witness Impressive Growth by 2024

Zion Market Research, the market research group announced the analysis report titled "Self-Service BI Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"


Sarasota, FL -- (SBWire) -- 09/16/2017 --Global Self-Service BI Market: Overview

Self-service business intelligence (BI) is used to assemble business data and find the solution in an assorted manner. Self-service BI tools are mainly used by the companies to organize a large amount of company data in a systematic manner. The main objective for using self-service BI tools is to provide easy and understandable access to the company information by business executives and managers. Use of self-service BI tools is mainly seen in government, IT, and telecom, BFSI and healthcare verticals.

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Global Self-Service BI Market: Segmentation

The global self-service BI market is segmented into its type, service, business function, application, deployment mode, end user and geography. On the basis of type, the global market is divided into service and software. Based on service, the global self-service BI market is segregated into managed service and professional service, which is further divided into consulting services, support and maintenance service and deployment and integration service. Based on deployment model the distribution is seen in the cloud and on premises. On the basis of business function, the segmentation is seen into finance, operations, and human resources, marketing, and sales. Based on application, the global self-service BI market is segmented into fraud and security management, predictive asset maintenance, sales and marketing management, customer engagement and analysis, risk and compliance management, operations management, supply chain management and procurement and others. On the basis of end-user, the market is segmented into banking financial services and insurance (BFSI), IT and telecommunication, retail and e-commerce, healthcare and life sciences, manufacturing, government, energy and utilities, media and entertainment and transportation and logistics. The self-service BI market is diversified into regions such as Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa.

Global Self-Service BI Market: Growth Factors

Major factors driving the self-service BI market are increasing the need for in-depth competitive insights, ease of use for non-technical staff and expanding volume of business data. Reasons for the growth in the market include the transformation of traditional BI techniques into advanced techniques in order to analyze business data and a large amount of structured and unstructured information. The largest share in the self-service BI market is accounted through the BFSI sector. There is also a growing demand in the market due to the IT sector. Growth in the market is also visible owing to the human resources business function.

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Global Self-Service BI Market: Regional Analysis

North America has the largest share in the self-service BI market and is expected to dominate the market in the coming future as well. This growth is due to advancement in technology and early adoption of self-service BI solution in the region. Growth in North America is expected to be followed by Asia Pacific owing to reasons such as technological development and increasing opportunities across various industrial segments. In Asia Pacific, the major contribution in the market share is seen by countries such as China, Japan, and India.

Global Self-Service BI Market: Competitive Players

Some of the major players in the self-service BI market are IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, SAS Institute, MicroStrategy, Tableau Software, TIBCO Software, Zoho Corporation and Qlik Technologies.

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