Business Intelligence - Analytics - Shift to cloud catalyzing next round of investment in BI

The Indian market revenue of Business Intelligence (BI) software is projected to reach US$245 million in 2017, up by 24.4 per cent increase over 2016 revenue of US$206 million. This revenue forecast includes BI platforms (comprising of traditional and modern BI platforms), data science platforms, analytic applications and CPM Suites. The global BI and Analytics software market is predicted to reach $18.3 billion in 2017, an increase of 7.3% from 2016. It is expected that the market will grow to $22.8 billion in revenue by 2020.   

Key Takeaways: A significant change is taking place in the data and analytics market. The changes include adoption of machine learning in techniques for data management and analytics and settling of hype around big data through more mature data storage, and processing and analytic solutions. A shift to cloud and hybrid data management, emergence of modern BI, etc are acting as a catalyst for the next round of investment. Moreover, Indian companies in segments like consumer packaged goods (CPG) and manufacturing sector are focussing largely on IoT, data integration, data management and analytics.   

Key Vendors: Tableau, Microsoft, SAS and others including IBM, Oracle, SalesForce, Qlik, SAP, Tibco