Key Takeaways
- The global business intelligence (BI) and data analytics market size was valued at USD 25.01 billion in 2022 and is projected to reach USD 43.5 billion by 2028, growing at a CAGR of 9.7%.
- In 2023, the data analytics market in North America accounted for over 38% of the global share, driven by high adoption in BFSI and IT sectors.
- The BI software market revenue reached $12.5 billion in 2022, with a forecasted CAGR of 10.1% through 2030 due to cloud-based solutions.
- Tableau holds 12.4% market share in BI tools as of Q4 2023, leading visualization segment.
- Microsoft Power BI captured 11.8% global BI market share in 2023, strong in enterprise deployments.
- QlikTech commands 9.2% share in self-service BI market in 2023.
- 78% of enterprises using BI tools report Python as top language for data analysis in 2023.
- 65% adoption rate of cloud-native BI tools like Snowflake integration in reporting stacks 2023.
- AI-powered natural language querying used in 42% of modern BI platforms as of 2023.
- 92% of data analysts have bachelor's degree, 35% hold master's in 2023.
- Global demand for BI analysts grew 25% YoY in 2023, with 450,000 new jobs.
- Average salary for data analysts in US: $98,500 in 2023, up 7% from 2022.
- 89% of organizations using BI tools saw 5%+ revenue increase in 2023.
- 74% of companies adopted self-service BI by end of 2023.
- Real-time analytics usage jumped 40% YoY to 62% in enterprises 2023.
The data analysis reporting industry is experiencing massive global growth driven by cloud and AI adoption.
Market Share and Key Players
- Tableau holds 12.4% market share in BI tools as of Q4 2023, leading visualization segment.
- Microsoft Power BI captured 11.8% global BI market share in 2023, strong in enterprise deployments.
- QlikTech commands 9.2% share in self-service BI market in 2023.
- SAP BusinessObjects holds 8.7% of the overall BI software market as per 2023 IDC reports.
- Sisense embedded analytics market share is 7.5% in 2023, popular in SaaS integrations.
- Domo Inc. has 6.3% share in cloud BI platforms market in 2023.
- Looker (Google Cloud) gained 5.9% market share post-acquisition, focusing on ML integration in 2023.
- IBM Cognos Analytics holds 5.4% in enterprise reporting tools market 2023.
- Oracle BI Publisher market share 4.8% in reporting automation segment 2023.
- MicroStrategy dominates mobile BI with 10.2% share in 2023.
- Yellowfin BI has 3.9% share in embedded analytics for mid-market in 2023.
- ThoughtSpot search-driven analytics holds 4.2% market share in 2023.
- TIBCO Spotfire 6.1% in advanced analytics visualization 2023.
- Dundas BI 3.7% in dashboarding tools market share 2023.
- Pyramid Analytics 2.8% share in decision intelligence platforms 2023.
- Logi Analytics 3.2% in embedded BI market 2023.
- Phocas Software 2.5% in SME BI market share 2023.
- Izenda 2.1% share in white-label BI embedding 2023.
Market Share and Key Players Interpretation
Market Size and Growth
- The global business intelligence (BI) and data analytics market size was valued at USD 25.01 billion in 2022 and is projected to reach USD 43.5 billion by 2028, growing at a CAGR of 9.7%.
- In 2023, the data analytics market in North America accounted for over 38% of the global share, driven by high adoption in BFSI and IT sectors.
- The BI software market revenue reached $12.5 billion in 2022, with a forecasted CAGR of 10.1% through 2030 due to cloud-based solutions.
- Asia-Pacific data visualization market is expected to grow from $4.2 billion in 2023 to $12.8 billion by 2030 at a CAGR of 17.3%.
- Enterprise reporting software market size was $3.8 billion in 2022, projected to hit $7.2 billion by 2030 with 8.4% CAGR.
- The analytics as a service (AaaS) market grew from $6.7 billion in 2021 to $10.2 billion in 2022, eyeing $45.6 billion by 2030.
- Global self-service BI market valued at $5.9 billion in 2023, expected to expand to $15.4 billion by 2030 at 14.5% CAGR.
- Data reporting software market in Europe reached €2.1 billion in 2022, with 11.2% annual growth forecasted till 2027.
- US BI market share was 35% of global in 2023, valued at $9.8 billion, growing at 9.5% CAGR.
- Cloud BI market surged 22% YoY in 2023, reaching $8.4 billion from $6.9 billion in 2022.
- Latin America data analytics market to grow from $4.5 billion in 2023 to $11.2 billion by 2028 at 20% CAGR.
- Predictive analytics segment in BI market held 28% share in 2023, valued at $7.1 billion globally.
- Middle East & Africa BI market expected to reach $2.3 billion by 2027 from $1.1 billion in 2022, 15.8% CAGR.
- Big data analytics market size hit $274 billion in 2023, projected to $655 billion by 2030 at 13.2% CAGR.
- Dashboard software market grew to $1.9 billion in 2023, with 12.7% CAGR forecast to 2030.
- Global data preparation market valued at $4.8 billion in 2022, to reach $11.5 billion by 2028 at 15.9% CAGR.
- BI platforms market in healthcare sector: $3.2 billion in 2023, growing at 14.1% to $8.9 billion by 2030.
- Retail data analytics market size was $6.8 billion in 2022, expected $18.4 billion by 2030, 13.2% CAGR.
- Embedded analytics market to grow from $14.9 billion in 2023 to $29.6 billion by 2028 at 14.7% CAGR.
- Data lake market reached $8.2 billion in 2023, projected $22.1 billion by 2030 at 15.3% CAGR.
Market Size and Growth Interpretation
Technology and Tools
- 78% of enterprises using BI tools report Python as top language for data analysis in 2023.
- 65% adoption rate of cloud-native BI tools like Snowflake integration in reporting stacks 2023.
- AI-powered natural language querying used in 42% of modern BI platforms as of 2023.
- 55% of data analysts prefer Jupyter Notebooks for exploratory analysis in 2023 surveys.
- Apache Superset open-source BI tool downloaded 1.2 million times in 2023.
- 72% of BI reports now incorporate real-time streaming data via Kafka integrations 2023.
- Graph databases like Neo4j used in 28% of advanced analytics reporting pipelines 2023.
- 81% shift to low-code/no-code BI platforms like Power BI reported in 2023.
- R language usage in statistical reporting dropped to 19% from 25% in 2022 per 2023 Kaggle survey.
- 67% of tools now support augmented analytics with ML auto-insights feature 2023.
- Tableau Prep used by 34% for ETL in data prep workflows 2023.
- 49% adoption of dbt for analytics engineering in reporting pipelines 2023.
- Vector databases integrated in 23% of semantic search BI apps 2023.
- 76% of dashboards use responsive design for multi-device reporting 2023.
- SQL remains dominant at 88% for data querying in BI 2023.
- 61% utilize Git for version control in analytics projects 2023.
- Monte Carlo data observability adopted by 29% of large enterprises 2023.
- 54% reporting increase in usage of multimodal data (text+image) analytics tools 2023.
- Data mesh architecture implemented in 17% of mature BI orgs 2023.
Technology and Tools Interpretation
Trends and Adoption
- 89% of organizations using BI tools saw 5%+ revenue increase in 2023.
- 74% of companies adopted self-service BI by end of 2023.
- Real-time analytics usage jumped 40% YoY to 62% in enterprises 2023.
- 67% prioritize data democratization initiatives in 2023 strategies.
- 53% of BI projects focus on ESG reporting compliance 2023.
- Mobile BI adoption reached 71% among decision-makers 2023.
- 48% integrate GenAI for report automation in 2023 pilots.
- 76% report improved decision speed with BI dashboards 2023.
- Predictive reporting in 39% of BI use cases up from 22% in 2022.
- 61% SMBs adopted cloud BI for cost savings 2023.
- Data governance integrated in 82% of BI platforms 2023.
- 55% use collaborative BI for team-based insights 2023.
- 69% focus on customer analytics reporting post-2023.
- Zero-trust security in BI rose to 44% adoption 2023.
- 73% leverage open-source BI tools like Metabase 2023.
- Sustainability metrics in 51% of standard BI reports 2023.
- 66% automate 70%+ of routine reports with BI 2023.
- Edge analytics for IoT reporting in 28% industries 2023.
- 59% prioritize explainable AI in analytics outputs 2023.
- Hyper-personalized reporting adopted by 37% retailers 2023.
- 84% see ROI within 12 months of BI implementation 2023.
- Federated learning for privacy-preserving analytics in 19% pilots 2023.
- 62% integrate BI with CRM systems like Salesforce 2023.
- Quantum-ready data analytics explored by 12% tech leaders 2023.
- 71% of BI users engage daily with interactive visualizations 2023.
Trends and Adoption Interpretation
Workforce and Employment
- 92% of data analysts have bachelor's degree, 35% hold master's in 2023.
- Global demand for BI analysts grew 25% YoY in 2023, with 450,000 new jobs.
- Average salary for data analysts in US: $98,500 in 2023, up 7% from 2022.
- 68% of BI roles require SQL proficiency, 52% Python in 2023 job postings.
- Women represent 26% of data science workforce in analytics industry 2023.
- 41% shortage of skilled BI developers reported by enterprises in 2023.
- Entry-level data reporter salary in India: INR 6.5 lakhs annually in 2023.
- 73% of analysts work hybrid/remote post-2023, up from 45% in 2022.
- Certifications like Google Data Analytics held by 22% of workforce in 2023.
- UK BI specialist median salary £55,000 in 2023, 9% growth.
- 56% turnover rate in junior data roles due to skill gaps 2023.
- 1.5 million projected data analyst jobs in US by 2030.
- 64% of roles demand 3+ years experience in BI tools 2023 postings.
- Australia data visualization specialist avg salary AUD 110,000 in 2023.
- 47% upskilling in AI/ML for BI professionals in 2023.
- Germany BI engineer salary averages €68,000 in 2023.
- 82% of enterprises prioritize hiring for data storytelling skills 2023.
- Freelance data analysts earn $50-150/hr globally avg 2023.
- 35% of BI workforce under 30 years old in 2023.
Workforce and Employment Interpretation
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