Business Intelligence Stats: 2020 Trends, Data, and Market Forecast

11 Business Intelligence Stats: 2020 Trends, Data and Market Forecast $26.78bn 2x 22.37% In 2018, the adoption of Cloud BI nearly When combined with big data, the global intelligence software market is predicted to reach $26.78 billion by 2020. In 2017 the Mobile BI market was $5.03 billion and is expected to reach 17.02 billion by 2023, with an expected CAGR of 22.37%. doubled from 2016. - Redwood Capital - Dresner - Modern Intelligence 31% 37% The fastest-growing discipline is Cloud-based BI, which has grown 4 folds from $750 million in 2013 to $2.94 billion in 2018, at a 31% 37% of Asia Pacific manufacturers North America is believed to be trust in BI. the largest BI software market based on spending and adoption - Forbes rates. CAGR. - MarketsAndMarkets - Gartner 91.6% $3.1tn 700,000 In 2019,91.6%of global companies increased their investments in big data and AI. Poor data quality costs the US economy a loss of $3.1 trillion annually. By 2020, there will be 700,000 openings for data scientists, engineers, and developers. - NVP - IBM - IBM loT $26.78bn Cloud, data analytics, and loT are forecasted to have the biggest impact on businesses in the next 3 to 5 years. BI and analytics software market are predicted to reach $26.78 billion by 2020. - MarketsAndMarkets - CIO Tech Poll SPHINX WORLDBIZ LIMITED AN ISO 9001-27001 CERTIFIED COMPANY