According to Datanyze, the global market size of the Business Intelligence industry is 236,320 companies, and there are 273 companies producing Business Intelligence technologies.As per Mordor Intelligence, the Business Intelligence Market was valued at USD 20.516 billion in 2020 and is expected to reach USD 40.50 billion by 2026 and grow at a CAGR of 12% over the forecast period (2021-2026).Organizations use BI to monitor and identify company trends in order to implement processes to simplify various functions and services.īI is the process where technologies, tools, strategies, and methods are used to gather, evaluate, integrate, and display key business information.īy utilizing BI effectively, the organization will have access to actionable data, gain valuable insights into industry trends, and enable a strategic decision-making approach.īelow are a few stats that notifies the increasing use of Business Intelligence. They enable businesses to transform massive amounts of data into useful insights. Business Intelligence (BI) solutions are becoming an essential part of every company’s operations.
