Global Social Business Intelligence Market to grow at a CAGR of 38.36% during the period 2016 - 2020; Finds New Report

Report forecast the global social business intelligence market to grow at a CAGR of 38.36% during the period 2016-2020.

Business intelligence software is an important tool or application used by organizations to analyze data and make improved real-time market decisions. Traditionally, business intelligence was used only for reporting, designing dashboards, and resolving queries. Its goal was to track key business performance and metrics. The main focus of traditional business intelligence was on delivering intelligence and data from data warehouses and other databases rather than directly from users. Because of the increased competition, organizations are expanding globally to capitalize on the rising advantages of globalization. The collaboration of information increases the demand for big data analytics, through which organizations can come up with strategies and decisions to keep their business competitive.

The report covers the present scenario and the growth prospects of the global social business intelligence market for 2016-2020. To calculate the market size, the report covers the present scenario and prospects of the global social business intelligence market for the period 2016-2020. Also, it focuses on the major drivers of the market. Furthermore, it outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the key drivers for market growth will be the need for data analytics to devise new predictive models. Earlier, enterprises gathered data, ran analytics, and uncovered information that could be used for decision-making in the future. Now, enterprises can identify insights for instant decision-making through data analytics. Data analytics helps enterprises extract insights from their data and use it to identify new opportunities. It helps enterprises make smarter business strategies, more efficient processes, higher profits, and happier customers.

Further, the report states that data security and privacy will be a major challenge for market growth. Cloud storage is a cost-effective and convenient way to store corporate data, but organizations will transfer their data or information to the cloud only if the trust is built between the cloud service providers and consumers. It is because the organization will lose control over data, and it will become dependent on the cloud computing service provider.

Global Social Business Intelligence Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global social business intelligence market: IBM, Oracle, SAP, and SAS Institute. 

Other Prominent Vendors in the market are: Adobe Systems, Attensity, Beevolve, Clarabridge, Crimson Hexagon, evolve24, Google, HP, Kapow Software, Lithium Technologies, NetBase Solutions, Radian6, Sysomos, and Visible Technologies.

Market driver

• Increased need to improve market responsiveness
• For a full, detailed list, view our report

Market challenge

• High implementation costs
• For a full, detailed list, view our report

Market trend

• Increased integration of business intelligence with social networking
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages and 42 Exhibit “Global Social Business Intelligence Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by deployment, Market segmentation by end-user, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Key vendor analysis, Appendix.

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