Driven by strong growth in sales of BI and modern analytics solutions, the global market for business intelligence is expected to grow by 24.5% between 2017 and 2020.
According to Gartner, the global market for business intelligence and analytics is expected to generate $ 22.8 billion in revenue in 2020. This year, revenues are expected to reach $ 18.3 billion, an increase of 7.3% compared to 2016. The driver of this growth is in the modern BI and analytics segment, which the consulting firm defines as solutions accessible to a greater number of users and able to tap into various data sources.
By 2020, their sales should grow at an annual rate of 19%. Nevertheless, this result would reflect a slowdown in billings, which still reached 63.6% in 2015. Yet the number of seats sold for access to modern BI and analytical solutions continues to appreciate sharply. On the other hand, prices are subject to strong competitive pressure.
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