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From Data to Decisions: Business Intelligence Software on the Rise

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Westford, USA, April 12, 2023 (GLOBE NEWSWIRE) — The Business Intelligence Software Market is projected to attain USD 50.95 billion by 2030 with a CAGR of 8.70% during the forecast period of 2022-2030, as the demand for cloud-based solutions, the growth of big data, the need for real-time data analysis, the adoption of artificial intelligence and machine learning, and the emphasis on data visualization continue to rise.

The International Data Corporation (IDC) predicts that the global datasphere will expand to 175 zettabytes (ZB) by 2025, a 25% CAGR over the next five years from 59 ZB in 2020. Furthermore, according to SkyQuest Insights, 65% of executives believe that big data analytics will be a crucial factor in their organization’s competitiveness in the coming years.

SkyQuest’s latest research reveals that the real-time analytics market is expected to grow from USD 13.8 billion in 2020 to USD 22.6 billion by 2025, at a CAGR of 10.4% during the forecast period. This growth, in turn, will benefit the Business Intelligence Software Market. SkyQuest also reports that more than half of major new business systems in 2022 will incorporate continuous intelligence, which employs real-time contextual data to enhance decision-making..

Browse in-depth TOC on “Business Intelligence Software Market”

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  • Pages – 201
  • Tables – 176
  • Figures – 70

Get a sample copy of this report:

https://www.skyquestt.com/sample-request/business-intelligence-software-market

In today’s world, businesses are producing an enormous volume of data, which is becoming more difficult to extract valuable insights from manually. Therefore, the business intelligence software market is vital as it assists businesses in analyzing and visualizing data in real-time, allowing them to make informed decisions. By identifying trends, opportunities, and risks, businesses can improve their operations, enhance customer satisfaction, and stimulate growth. As data-driven decision-making continues to become more prevalent, business intelligence software is becoming increasingly crucial for organizations to remain competitive within their industries.

Prominent Players in Business Intelligence Software Market

  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • Salesforce.com, Inc.
  • Tableau Software, LLC
  • SAS Institute, Inc.
  • MicroStrategy Incorporated
  • QlikTech International AB
  • Tibco Software Inc.
  • Information Builders Inc.
  • Yellowfin BI
  • Domo, Inc.
  • Sisense Inc.
  • Looker Data Sciences, Inc.
  • GoodData Corporation
  • Birst, Inc.
  • Board International SA
  • Dundas Data Visualization, Inc.
  • Adaptive Insights

Browse summary of the report and Complete Table of Contents (ToC):

https://www.skyquestt.com/report/business-intelligence-software-market

Financial Application Segment to Drive Higher Sales due to the generation of a massive amount of data in financial institutions

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A recent analysis revealed that the Financial Application segment played a significant role in the rapid growth of the Business Intelligence Software market in 2021, and this trend is anticipated to continue from 2022 to 2030. Financial institutions generate vast data, requiring real-time analysis to enhance operations and minimize risks. SkyQuest’s study highlighted that financial services are the leading industry in business intelligence adoption, with 71% of financial organizations employing business intelligence tools. Additionally, a survey conducted by MicroStrategy indicated that 75% of financial organizations regard data analytics as essential to their success.

According to research analysis, North America is set to emerge as a key player in the Business Intelligence Software market from 2022 to 2030, with a projected CAGR of 9.82% during the forecast period, as reported by SkyQuest. The region’s growth can be attributed to significant market players and businesses’ widespread adoption of advanced technologies. SkyQuest’s study also revealed that North America had the highest adoption rate of business intelligence tools, with 54% of organizations utilizing business intelligence software.

The Software Type Segment to Exhibit Strong Growth due to its ability to collect, store, and analyze data

In 2021, the Software Type segment took the lead in the Business Intelligence Software market and is projected to maintain its dominance from 2022 to 2030. This trend can be attributed to the software’s essential role in gathering, storing, and analyzing business data. Moreover, SkyQuest’s research showed that software was the most commonly utilized business intelligence tool, with 90% of organizations employing business intelligence software.

The Asia Pacific region has emerged as a vital force in the Business Intelligence Software market and is anticipated to retain its leading position by 2030, according to SkyQuest’s projections. The region is expected to experience substantial growth in the Business Intelligence Software market, with a projected CAGR of 13.57% during the forecast period, driven by the increasing adoption of cloud-based solutions and the rising demand for real-time data analysis. Additionally, a study by SkyQuest indicated that after North America, Asia Pacific had the second-highest adoption rate of business intelligence tools, with 50% of organizations in the region employing business intelligence software.

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 A comprehensive analysis of the major players in the Business Intelligence Software market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.

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https://www.skyquestt.com/speak-with-analyst/business-intelligence-software-market

Key Developments in Business Intelligence Software Market

  • IBM (NYSE: IBM) has unveiled a new software solution to enable enterprises to swiftly make data-driven decisions and navigate unforeseeable disruptions by breaking down data and analytics silos. The suite, known as IBM Business Analytics Enterprise, comprises a range of capabilities, including business intelligence planning, budgeting, reporting, forecasting, and dashboard functionalities that provide users with a comprehensive view of data sources across their entire organization.
  • TableauSoftware has recently unveiled the Tableau Cloud, a cloud-based business intelligence decision-making platform, previously known as Table Online. The launch of this service is expected to improve actionable business decisions and facilitate accessible and insightful business decision-making processes.

Key Questions Answered in Business Intelligence Software Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • Can you list the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?

Related Reports in SkyQuest’s Library:

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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Artificial Intelligence

NordVPN: Website categories employers don’t want you to visit

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Cybersecurity experts say that blocking certain websites lowers the risk of cyberattacks and removes distractions
LONDON, Sept. 18, 2024 /PRNewswire/ — According to data collected by a network security NordLayer, developed by the leading cybersecurity company NordVPN, a significant portion of employers (72%) block malicious and adult websites. Malicious websites can pose severe security threats by spreading malware, while adult websites are often restricted due to concerns over inappropriate content and productivity loss. Gambling sites are blocked by 43% of employers, likely due to concerns over addiction and productivity loss.

“In today’s threat landscape, where cyberattacks are becoming increasingly sophisticated, DNS filtering plays a pivotal role in safeguarding sensitive data, maintaining regulatory compliance, and preserving the integrity of organizational networks,” says Ugne Mikalajunaite, Country Manager Taiwan at NordVPN.
Employers seek to maintain a professional work environment
Besides just blocking adult websites, many managers take a step further to maintain a professional work environment. For example, 30% block dating sites, 28% do not allow access to sex education websites, and about 12% of employers even block lingerie sites.
Information or sales related to drugs websites are blocked by 37% of IT managers. Interestingly, 21% of employers block VPN websites, likely to prevent employees from circumventing network restrictions and accessing blocked content, which could pose security risks or productivity concerns.
Employer restriction priorities in different regions 
In Europe, businesses exhibit the greatest inclination to block adult content websites, with 67% of employers imposing such restrictions.
North America prioritizes mitigating security risks by having the highest percentage (70%) of employers blocking access to malware websites. Asia stands out with a distinct emphasis on curbing access to illegal or unethical content, as evidenced by 73% of employers restricting websites within this category.
Intriguingly, Asian businesses demonstrate a stricter approach towards gambling and gaming websites compared to their European and North American counterparts. While 64% of Asian employers block gambling sites, the figures stand at 37% and 38% for Europe and North America, respectively. Similarly, 36% of Asian organizations restrict access to gaming websites, contrasting with considerably lower rates of 9% in Europe and 20% in North America.
Another noteworthy regional disparity lies in the treatment of dating websites. European and North American employers exhibit relatively comparable stances, with 25% and 28% blocking this category, respectively. However, Asian businesses adopt a more restrictive policy, with 45% of employers denying access to dating sites.

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Artificial Intelligence

Apt.Residential Selects Yardi’s Technology to Support BTR Projects

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Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting
SYDNEY, Sept. 18, 2024 /PRNewswire/ — Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build.

With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units.
“We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting,” said Michael Hogg, co-founder & head of operations for Apt.Residential. “Yardi’s single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms.”
“We’re excited to work with Apt.Residential and support its growth as the company expands its BTR projects,” said Neal Gemassmer, vice president and general manager for Yardi. “Our connected platform will help Apt.Residential enhance communication and set them up so they’re ready to operate once development has completed.”
See how Yardi’s end-to-end technology can help drive your digitalisation strategies.
About Apt.ResidentialApt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.
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Artificial Intelligence

EQT to sell Open Systems, a Swiss leader in network and cyber security solutions, to Swiss Post

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EQT Private Equity, together with its co-shareholders, to sell Open Systems to Swiss PostUnder EQT’s ownership, Open Systems transformed from a founder-led managed security services provider to a leading integrated network and cyber security companySince EQT’s acquisition in 2017, Open Systems has almost doubled its revenues and more than tripled its EBITDA, while significantly expanding its product offering to support customers on their network transformation and cybersecurity journeySTOCKHOLM, Sept. 18, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT”), together with its co-shareholders, have agreed to sell Open Systems (“Company”) to Swiss Post.

Headquartered in Zurich, Switzerland, Open Systems delivers network and cyber security capabilities in a single cloud-based platform known as Secure Access Service Edge (SASE). Open Systems’ innovative SASE Experience eliminates the complexity of secure global connectivity and network management, while providing seamless global 24×7 support. The Company plays a pivotal role in supporting customers globally in their network and cyber security transformation by offering a fully integrated, single-pane-of-glass cloud and software platform and supporting services.
EQT acquired a majority stake in Open Systems in 2017. During EQT’s ownership, the Company almost doubled its sales and more than tripled its EBITDA, while making substantial investments into its technology platform and transforming from a network-focused managed security services provider to a leading SASE player with extensive cyber security capabilities. Open Systems also built a Managed Extended Detection and Response (MXDR) division, which was carved out in 2023 and now operates as a standalone company under the brand Ontinue, which will be retained by EQT. Organic growth was complemented by three strategic add-on acquisitions, including Sqooba, a Swiss provider of data science, AI, cloud, and cyber services founded by the current Open Systems CEO Daniel Neuhaus.
As part of Swiss Post, Open Systems will continue its growth journey under the leadership of Daniel Neuhaus. With the acquisition, Swiss Post strengthens its role as provider of digital communication services by increasing its competences and know-how to support digitally connected businesses in Switzerland.
Daniel Neuhaus, CEO of Open Systems: “I would like to thank EQT for their support over the years and their hands-on involvement in our development. Swiss Post’s investment is a validation of our long-term strategy to become a leading SASE software provider with the best customer experience. With Swiss Post, we have found a sustainable partner in Switzerland who shares our values and will support us in continuously delivering best-in-class technology and services to our customers while continuing to drive innovation.”
Philipp Woerner, Director within EQT Private Equity’s Advisory Team: “We have been continuously impressed by Open Systems’ track record of technological innovation in the network and cyber security space. Thanks to the dedication and commitment of the management team led by Daniel, Open Systems delivers attractive technology and services from Switzerland to its customers globally. We could not have imagined a better future home for Open Systems than Swiss Post to support continuing the strong development.”
Nicole Burth, CEO of Swiss Post Communication Services, said: “Open Systems strongly complements our existing offerings in the area of cybersecurity. The Company is an excellent cultural fit and supports our strategy to bring cybersecurity to our Swiss customers. This makes the network and communication of businesses more efficient and secures it with the unique cloud security solutions Open Systems provides.”
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q4 2024.
ContactEQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/eqt-to-sell-open-systems–a-swiss-leader-in-network-and-cyber-security-solutions–to-swiss-post,c4039258
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