SOURCE: MarketResearch.com

MarketResearch.com

March 21, 2011 08:08 ET

BI Software Market Expected to Grow Rapidly

ROCKVILLE, MD--(Marketwire - March 21, 2011) - MarketResearch.com has announced the addition of Infiniti Research Limited's new report "Global Business Intelligence Software Market 2010-2014" to their collection of Application Software market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6142825

"Growth in Downstream Segments Driving Growth of Business Intelligence Software Research" conducted by TechNavio reveals that the global business intelligence software market is expected to grow. The report, which focuses on the global market, indicates that the market is currently driven by the need for business intelligence software specifically among downstream segments, among other factors.

TechNavio analyst says, "With industries such as manufacturing, finance and insurance bouncing back after the recession, business intelligence tools are being increasingly employed. Business intelligence tools have been aiding various organizations to implement real-time decisions at strategic, operational, and tactical levels."

In spite of the growing need, pricing and security issues continue to hinder the growth of this market. However, despite various challenges, adoption of business intelligence software continues to grow especially in the SaaS format.

The global business intelligence software market has been witnessing a steady shift towards predicative analysis. More and more vendors are introducing applications to make statistics, predictive analytic models and forecasting algorithms more consumable in reports. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.

The report, "Global Business Intelligence Software Market 2010-2014," is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors -- including the key trends, drivers and challenges -- impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6142825

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