Business Intelligence Managed Services Market Share

On the basis of geographical analysis, the global business intelligence (BI) managed services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is likely to account for largest revenue share by 2036, on account of surge in need for improved productivity at workplaces, and rising demand for managed services as a result of growing range of technology and business challenges. In addition, increasing adoption of advanced technologies such as ML, AI and IoT is also expected to boost the region’s market growth in the near future. For instance, India observed the highest surge in AI use compared to major economies such as Britain, Japan and the United States in 2020. More than 70 percent organizations in the country implemented AI in some functional areas that year.

Moreover, the market in North America is predicted to grab the largest share during the forecast period attributing to the early adoption of advanced technology, and strong presence of prominent market players in the region.