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Business Intelligence Managed Services Market Trends

  • Report ID: 3655
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Business Intelligence Managed Services Market Trends

Growth Drivers

  • Growing Demand for Secure IT Infrastructure Among Various Industry Verticals
  • Increasing Demand for Outsourced Management Functions from Providers of Cloud and Managed Services

 Challenges

  • Lack of Sales and Marketing Staff in Companies
     

Business Intelligence (BI) Managed Services Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7.2%

Base Year Market Size (2023)

USD 6.35 billion

Forecast Year Market Size (2036)

USD 15.68 billion

          Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Abhishek Verma


  • Report ID: 3655
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of business intelligence managed services is estimated at USD 6.72 billion.

Business Intelligence (BI) Managed Services Market size was valued at USD 6.35 billion in 2023 and is likely to reach USD 15.68 billion by 2036, registering around 7.2% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing demand for secure IT infrastructure among various industry verticals and increasing demand for outsourced management functions from providers of cloud and managed services.

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.

The major players in the market are IBM Corporation, Fujitsu Ltd, Hewlett Packard Development Company LP, Cisco Systems, Inc., and others.
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