Lucintel Estimates CAGR of 7.7% for Global Business Intelligence and Analytics Software Industry through 2017
Irving, TX (PRWEB) November 25, 2012
The global business intelligence and analytics software industry is anticipated to reach US $19 billion by 2017, sustaining a CAGR of 7.7% over the next five years. The industry is expected to witness exponential increases in organizational information and increasing competition in the new emerging markets. Business intelligence and analytics software is effectively used for cost cutting and bringing transparency to organizations.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry. It presents its findings in “Global Business Intelligence and Analytics Software Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The report studies vendors of business intelligence and analytics, providing an annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and the Rest of the World regions.
The industry has experienced rapid change as the dynamic macroeconomic scenario, increasing competition, and new emerging markets have proven tough challenges for the enterprises, which have made them take better strategic and operational decisions. The global economic crisis also has posed a threat to the software industry.
Lucintel's report also focuses on the key drivers for the industry. Emerging markets in the developed economies had driven the enterprises to build effective, agile decision support systems to meet the competitive challenges. The emergence of big data and rapid change in business markets has motivated enterprises to adopt business intelligence tools to sustain their positions in the industry.
The study provides up-to-date information on the market share, profit margins, and capabilities of the leaders. The market research report helps current suppliers realistically assess their strategies vis-a-vis leading competitors and benefits executives with strategically essential competitor information, data analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services Target Screening/ Merger & Acquisition that facilitate critical decisions with greater speed, insight, and cost efficiency.
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