Global Self-Service Business Intelligence (BI) Market Analysis 2024: Size Forecast and Growth Prospects

The self-service business intelligence (bi) from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market. Self-Service Business Intelligence (BI) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities. Market Size - The self-service business intelligence (BI) market size has grown rapidly in recent years. It will grow from $8.47 billion in 2023 to $10.02 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to the growing adoption of work from home, increasing in the adoption of self-service bi software, the rising government initiative to digitalize the financial and retail sector, and the rise in requirements of business users for self-service dashboards. The self-service business intelligence (BI) market size is expected to see rapid growth in the next few years. It will grow to $19.70 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to a rise in requirements of business users for self-service dashboards, growing demand for real-time insights, growing cloud adoption, rising government initiatives to digitalize the financial and retail sector, and growing demand for real-time insights. Major trends in the forecast period include production innovation, integration of automation solutions, technological advancements in BI tools, and collaborations and partnerships. Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/self-service-business-intelligence-bi-global-market-report  Scope Of Self-Service Business Intelligence (BI) Market The Business Research Company's reports encompass a wide range of information, including: 1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth. 2. Drivers: Examination of the key factors propelling market growth. 3. Trends: Identification of emerging trends and patterns shaping the market landscape. 4. Key Segments: Breakdown of the market into its primary segments and their respective performance. 5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market. 6. Macro Economic Factors: Assessment of broader economic elements impacting the market. Self-Service Business Intelligence (BI) Market Overview Market Drivers - Growing penetration of e-commerce is expected to propel the growth of the self-service business intelligence (BI) market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences towards online shopping. Self-business intelligence tools enhance the operational efficiency of e-commerce activities, increase profitability, and offer real-time dashboards that provide immediate insights into business performance, enabling quick decision-making. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024, after adjusting for seasonal variation, reached $289.2 billion, marking a 2.1 percent (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the growing penetration of e-commerce is driving the growth of the self-service business intelligence (BI) market. Market Trends - Major companies operating in the self-service business intelligence (BI) market are developing innovative platforms such as no-code, self-service platforms to democratize data access, enabling business users to make data-driven decisions swiftly and efficiently. A no-code, self-service platform is a user-friendly software solution that enables individuals to create, manage, and deploy applications or perform data analysis without needing to write any code. For instance, in July 2023, Comsense Technologies, a US-based marketing technology consulting company, launched IntellSense, a self-service business intelligence and reporting tool. IntellSense boasts an extensive library of over 200 key performance indicators (KPIs) and offers a no-code, self-service platform that simplifies the creation of dashboards and data visualizations. With a 10-day implementation timeline, IntellSense is designed to empower businesses to quickly and easily gain insights from their data without the need for specialized technical expertise. The self-service busi