|By Business Wire||
|April 30, 2014 05:34 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/kmxzsd/global_business) has announced the addition of the "Global Business Intelligence (BI) and Analytics Platforms Market 2014-2018" report to their offering.
The Global BI and Analytics Platform market to grow at a CAGR of 8% to 2018.
The adoption of SaaS-based BI and analytics platform applications is expected to grow rapidly in the near future. The traditional on-premise deployment of BI tools is slowly being taken over by single and multi-tenant hosted SaaS. These solutions are increasingly becoming popular options for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by SMEs, they are gradually being used by large enterprises. The software available over the internet in a subscription model provides increased flexibility to organizations using SaaS-based software. Furthermore, many vendors in the market have begun to offer their BI and analytics platform tools through the SaaS model to expand their services and enter new markets. In addition, the difficult economic times have required organizations to adopt SaaS as a cost-cutting alternative.
According to the report, one major driver is the increasing volume of information generated from enterprise applications. This data must be accessible as part of or as an extension to the corporate information framework and be made available for analysis and decision making. BI and analytics platform tools are useful in the retrieval and analysis of this growing amount of diverse data.
Further, the report states that the difficulty in validating the accuracy of the underlying data is one of the major challenges confronting this market. The data which enterprises use for extracting information is gathered in different times, from different scenarios causing difficulty in validating its accuracy.
Key vendors dominating this space are:
- IBM Corp.
- Oracle Corp.
- SAP AG
- SAS Institute Inc.
Key Topics Covered:
- List of Abbreviations
- Executive Summary
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/kmxzsd/global_business
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