United States Business Intelligence Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 9.71% from 2023 to 2033
• The U.S. Business Intelligence Market Size is Expected to hold a significant share by 2033

The US Business Intelligence Market is Anticipated to hold a significant share by 2033, growing at a CAGR of 9.71% from 2023 to 2033.

Market Overview

Business analytics, data mining, data visualization, data tools and infrastructure, and best practices are all combined in business intelligence to assist firms in making more data-driven choices. In real life, current business intelligence is demonstrated by having a full understanding of the business's data and using it to drive change, get rid of inefficiencies, and quickly adjust to changes in the supply or market. Flexibility in self-service analysis, data governance on reliable platforms, business user empowerment, and insight speed are all given top priority in modern BI solutions. The primary factors expected to fuel the Business Intelligence (BI) Market in the United States are the growing demand for data-driven decision-making and the developments in analytics technologies.

Report Coverage

This research report categorizes the market for United States business intelligence market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the U.S. business intelligence market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US business intelligence market.

Driving Factors

Business intelligence is used to manage financial and data processing challenges in a range of industries, including corporate, IT, government, manufacturing, and healthcare. Additionally, as new platforms and technologies are introduced into the healthcare sector, business intelligence in that sector is expanding. The federal government makes extensive use of business intelligence tools to gather and display data, manage money, and make strategic choices. State agencies of all specialties can use business intelligence to uncover challenges in their employment pipelines, constituent communication, resource distribution, and service delivery.

Restraining Factors

An effective business intelligence platform or software requires a significant upfront cost, which must also be covered by maintenance costs and personnel training before being implemented in an organization.

Market Segmentation

The US business intelligence market share is classified into components and deployment.

• The services segment is anticipated to hold a significant share of the U.S. business intelligence market during the forecast period.       

Based on the components, the United States business intelligence market is divided into solution and services. Among these, the services segment is anticipated to hold a significant share of the U.S. business intelligence market during the forecast period. Consulting, installation, support & maintenance, and integration are all included in the services category. These elements are raising the need for services in the business intelligence market, and the category is expanding due to notable advancements in business intelligence software.

• The cloud is anticipated to hold a significant share of the United States business intelligence market during the forecast period.       

Based on the deployment, the US broadcast automation market is divided into cloud and on-premise Among these, the cloud is anticipated to hold a significant share of the United States business intelligence market during the forecast period. The rise of this market is a result of organizations being able to outsource the BI infrastructure and maintain BI applications. This helps the company maximize operation durations while cutting operating expenses and productivity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the US business intelligence market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Microsoft Corporation
• Tableau Software, LLC
• IBM Corporation
• QlikTech International AB
• SAP SE
• Oracle Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, to improve user experiences, Microsoft introduced Power Bl in Microsoft Teams. Three new features are included in the announcements: listening to and learning from requirements and experiences; an upgrade for the traditional Power Bl tabs for Channels 2.0; and rich broadcast cards for chat in Microsoft Teams.

Market Segment

This study forecasts revenue at the U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Business Intelligence Market based on the below-mentioned segments:

United States Business Intelligence Market, By Components

• Solution
• Services

United States Business Intelligence Market, By Deployment

• Cloud
• On-premise