Frost Radar™: Global Business Intelligence Platforms Market, 2020
Business Intelligence (BI) is evolving as a vital tool for enterprises to gain real-time insights on business performance. Technology evolution drives the development of innovative applications, fueling informed business decision making. With the steep rise in data volume obtained from various sources, whether structured or unstructured, enterprises are progressively focusing on emerging technologies to enhance BI's data processing and visualization capabilities. Exponentially increasing the use of technologies such as artificial intelligence, machine learning, deep learning, and cloud computing is spurring innovative BI tools that can process data in real time for valuable insights.
BI trends are gradually shifting from complex on-premise data storage and intelligence models to cloud-based, on-demand, and flexible offerings. For example, the demand for mobile BI solutions is on the rise. Data representation approaches are also changing to offer enriched data interactivity and an enhanced end-user experience. Instead of traditional brick-and-mortar BI approaches such as spreadsheets, modern BI platforms offer feature-rich data visualization to better understand data relationships.
The report titled “Frost Radar™: Global Business Intelligence Platforms Market, 2020” plots the market leaders for growth, innovation, or both and who has been instrumental in advancing the industry into the future. These companies have demonstrated high growth potential, best practices, competitive intensity, customer value, and partner potential. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores, as highlighted in the Frost Radar methodology.
The BI space is crowded, though only 10 companies are reported in this Frost Radar. Key vendors highlighted are Microsoft, Tableau, Salesforce, Qlik, SAP, Looker, IBM, Oracle, SAS, and MicroStrategy.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their growth, innovation, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
KEY ISSUES ADDRESSED
What does the global BI space look like?
Who are the top vendors for BI platforms?
Which are the companies that have demonstrated innovation excellence?
Which are the BI vendors who have shown higher growth than others?
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