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According to Business Intelligence Statistics, Business Intelligence (BI) indicates technologies and strategies used by enterprises to manage business information and data analysis. It is a batch of processes, technologies, and architectures that transform raw data into meaningful information.
This data can be used to mobilize fruitful business actions. Business Intelligence directly affects the strategic, tactical as well operational business decisions of an organization.
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- By 2023, over 33% of large-sized businesses will utilize decision intelligence practices.
- The global business intelligence and analytics market is expected to reach $55.48 billion by 2026, growing at a CAGR of 10.1% from 2021 to 2026.
- 94% of organizations rated business intelligence and analytics as either critical or very important to their business success.
- Data-driven organizations are 23 times more likely to acquire customers, 6 times more likely to retain customers, and 19 times more likely to be profitable compared to their peers.
- About 97.2% of executives reported that their organizations are investing in or planning to invest in big data and AI to drive decision-making.
- By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.
Business Intelligence General Statistics
- By 2022, Gartner predicts that 40% of new investment in business intelligence and analytics will be driven by AI.
- 83% of early AI adopters have achieved substantial (30% or more) or moderate (15% to 30%) economic benefits from their AI initiatives.
- About 70% of organizations consider themselves to be data-driven, and 75% believe that widespread data access is vital to their success.
- Research by 3M Corporation suggests that visuals are processed 60,000 times faster in the brain than texts, highlighting the importance of data visualization in conveying information effectively.
- In 2020, 54% of enterprises agreed that cloud-based BI was vital to their current and future initiatives.
- According to business intelligence technologies, the popularity of BI has grown since 2012. Back then, only 10% of business owners considered it vital. By 2020, the percentage had almost tripled.
- The revenue for public cloud infrastructure will rise by 35% in 2021.
- Over 30% of institutions in higher education thought cloud BI was critical in 2020.
- 70% of organizations think that data discovery and visualization are vital.
- The market value for applications in business intelligence was $17.7 billion in 2020.
Business Intelligence Adoption Statistics
- In 2020, 54% of enterprises agreed that cloud-based BI was vital to their current and future initiatives.
- According to business intelligence technologies, the popularity of BI has grown since 2012. Back then, only 10% of business owners considered it vital. By 2020, the percentage had almost tripled.
- Covid-19 propelled a higher adoption rate of BI in 2020.
- A third of large-scale organizations will adopt decision intelligence by 2023.
- Data analytics makes decision-making 5x faster for businesses.
- Record-keeping organizations (financial institutions, higher education, retail companies, etc.) are the major industries leveraging cloud business intelligence today.
- The revenue for public cloud infrastructure will rise by 35% in 2021.
- Over 30% of institutions in higher education thought cloud BI was critical in 2020.
- 70% of organizations think that data discovery and visualization are vital.
- The market value for applications in business intelligence was $17.7 billion in 2020.
Cloud-based BI Statistics
- The global cloud-based business intelligence (BI) market is expected to reach $15.2 billion by 2026, growing at a CAGR of 22.8% from 2021 to 2026.
- In 2020, 59% of organizations reported using cloud-based BI platforms for data analysis and reporting, representing a significant increase from previous years.
- Cloud-based BI solutions offer an average time-to-deployment of 3-4 months, compared to on-premise solutions which typically take 12-18 months to implement.
- 80% of organizations using cloud-based BI experienced improved scalability, enabling them to handle larger volumes of data and accommodate growing user bases.
- Cloud-based BI platforms offer cost advantages, with lower upfront investments and reduced maintenance costs compared to traditional on-premise solutions.
- According to a survey, 88% of organizations using cloud-based BI reported increased flexibility in accessing and analyzing data from anywhere, anytime.
- The cloud-based BI market is driven by the increasing adoption of Software-as-a-Service (SaaS) solutions, which accounted for the largest share of the market in 2020.
Top Business Intelligence Software Vendors Statistics
Microsoft Power BI
- Power BI has experienced significant growth in market share over the years. As of 2021, it holds a market share of over 30% in the analytics and business intelligence platforms market.
- According to Microsoft’s official reports, Power BI has surpassed 100,000 organizations as customers, indicating its widespread adoption across various industries.
- Power BI has a large and growing user base. As of April 2021, Power BI has over 30 million active monthly users.
- Microsoft Power BI has a 13.74% market share in the same space.
Tableau
- Tableau has been recognized as one of the leading vendors in the business intelligence and analytics market.
- In 2021, Tableau had a market share of approximately 16.99% in the business intelligence space.
- As of 2021, Tableau has over 100,000 customer accounts worldwide.
- Tableau Software has a market share of 16.99% in the data visualization market. Tableau Software competes with 231 competitor tools in the data visualization category.
Qlik
- Qlik is recognized as a major player in the business intelligence and analytics market.
- According to the Gartner Magic Quadrant for Analytics and Business Intelligence Platforms in 2021, Qlik was positioned as a leader in the market.
- Qlik’s comprehensive suite of products, including Qlik Sense and QlikView, has gained popularity among organizations seeking robust data visualization and analytics capabilities.
- As of September 2021, Qlik reported having over 50,000 customers worldwide, including both large enterprises and small to mid-sized businesses.
- Qlik has a market share of 4% in the business intelligence industry.
SAP
- SAP is one of the largest enterprise software companies globally and has a strong market presence.
- As of 2021, SAP has over 400,000 customers in more than 180 countries.
- SAP generates significant revenue from its software solutions and services.
- In 2020, SAP reported a total revenue of €27.34 billion (approximately $32.58 billion).
- SAP’s cloud revenue reached €8.09 billion (approximately $9.64 billion) in 2020, representing a 17% increase compared to the previous year.
- SAP has a substantial employee base, supporting its global operations and customer base.
- As of the end of 2020, SAP had approximately 103,142 employees worldwide.
- SAP Business Objects has a market share of 20.49% in the analytics-and-bi-platform market.
