The term BI refers
to applications and technologies that are used for gathering, providing access
to, or analyzing information about a company’s operations. BI help
organizations to acquire comprehensive knowledge of the factors affecting their
business; for example, metrics on sales, production, and internal operations.
Some of the BI tools and applications include query reporting, analysis tools,
data mining tools, and data warehousing tools. SaaS-based BI refers to the
deployment of BI applications as a web-based subscription service. SaaS-based
BI is operated by a third-party organization as opposed to the installation and
maintenance of an On-premise business system. In the pay-per-use model, BI is
hosted by a third party from a remote location, and the outsourcing company
pays according to the usage. Hence, enterprises employing SaaS-based BI can
shift their focus from frequent software updates, maintenance, continual
trouble-shooting, and increasing storage requirements, and concentrate on their
core business activities.
Analysts forecast
the Global SaaS-based
BI market to grow at a CAGR of
30.93 percent over the period 2013-2018.
The Report recognizes
the following companies as the key players in the Global SaaS-based Business
Intelligence (BI) Market: IBM Corp., Microstrategy Inc., Oracle Corp., QlikTech
International AB, SAP AG, TIBCO Software Inc., Actuate Corp. , Birst Inc.,
Bime, Cloud9 Analytics , GoodData Corp., Indicee Inc. , Host Analytics
Inc., Jaspersoft Corp., Kognitio , PivotLink , SAS Institute Inc.
The importance and
popularity of mobile BI are growing in the market. Mobile BI helps
organizations to track the performance metrics that are being introduced into
the market. The growing demand for mobile BI is also because of the increasing
mobility in organizations. Recently, workforce mobility has been increasing
significantly with the growth of organizations outside regional boundaries. In
addition, organizations are providing work-from-home options to reduce their
costs and enhance employee morale.
Covered in this Report
The Global
SaaS-based BI market can be segmented on the basis of deployment models such as
Private cloud, Public cloud, Community cloud, and Hybrid cloud.
Global SaaS-based BI
market Market 2014-2018, has been prepared based on an in-depth market analysis
with inputs from industry experts. The report covers the Americas, and the EMEA
and APAC regions; it also covers the Global SaaS-based BI market landscape and
its growth prospects in the coming years. The report also includes a discussion
of the key vendors operating in this market.
According to the
report, the increasing volume of information generated in enterprises is one of
the major drivers in the market. BI solutions are useful in the retrieval and
analysis of the vast and growing amount of diverse data in enterprises. BI
enables the centralized management of enterprise-wide data to enhance the
decision making process, thereby improving the performance and operational
efficiency of an organization.
Further, the report
states that the growth of the Global SaaS-based BI market is curtailed by
certain challenges. The presence of many open-source BI vendors is one of the
major challenges in this market. As the purchasing and licensing costs of
commercial BI tools are high, several micro and small-scale enterprises and
individual users prefer open-source products, which are freely available on the
internet.
