(MENAFN- America News Hour) Research Nester published a report titled “Business Intelligence (BI) Managed Services Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalbusiness 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.
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.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Secure IT Infrastructure Among Several Industry Verticals Worldwide to Drive Market Growth
Over 812 million malware infection attacks were recorded in the world in 2018, witnessing a hike from 702 million attacks in the year 2017.
With the rise in trend of work from home coupled with the upsurge in cybersecurity breaches, many organizations all around the world have resorted to managed services for securing their IT infrastructure by continuous monitoring and access management. This in turn is predicted to accelerate the market growth significantly in the near future.
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However, absence of sales and marketing staff in companies is expected to operate as key restraint to the growth of the global business intelligence (BI) managed services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global business intelligence (BI) managed services market which includes company profiling of IBM Corporation, Fujitsu Ltd, Hewlett Packard Development Company LP, Cisco Systems, Inc., AT & T, Inc., Verizon, Inc., Telefonaktiebolaget LM Ericsson, Deloitte Touche Tohmatsu Limited, Cognizant Technology Solutions Corporation, DXC Technology Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global business intelligence (BI) managed services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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