Research Nester published a report titled “Business Intelligence (BI) Managed Services Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global business intelligence (BI) managed services market in terms of market segmentation by deployment, enterprise size, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global business intelligence (BI) managed services market is estimated to occupy a large amount of revenue by recording a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the increasing demand for secure IT infrastructure among several industry verticals across the globe, and rising demand for outsourced management functions from cloud and managed service providers. Apart from these, growing adoption of IoT, big data analytics and cloud across organizations are also expected to drive market growth in the forthcoming years.
The market is segmented by deployment, enterprise size, and end user. Based on deployment, the on-premise segment is anticipated to grab the largest market share during the forecast period on the back of the fact that on-premise implementation allows companies to hand over the entire system management to experts. Additionally, by end user, the manufacturing segment is projected to gather the largest share over the forecast period ascribing to the escalating adoption of sensors and connected devices, and surging deployment of M2M communication.
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Geographically, the global business intelligence (BI) managed services market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to early adoption of technological advancements and presence of prominent market players in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth by the end of 2030 in view of the growing need to improve productivity at workplace, and increase in demand for managed services in the region.
