Forecast Report

Forrester Data World Business Intelligence And Analytics Software Forecast, 2016 To 2021 (Global)

ForecastView Spreadsheet

March 6th, 2017
Jennifer Adams, Manager, Principal Consultant
Jennifer Adams Manager, Principal Consultant
With contributors:
Vikram Sehgal , Sanjeev Kumar

Summary

Business intelligence (BI) and analytics software extracts important information from raw data to reveal insights and help businesses make faster and more accurate decisions. We expect the BI and analytics software market to grow at an 11.5% compound annual growth rate (CAGR) over the 2016-to-2021 period. This forecast breaks out global growth by region (US, Europe, Asia Pacific, Latin America, and the rest of the world) and by 20 industry segments (chemicals; construction and engineering; consumer products; education and social services; financial services; government; healthcare; high-tech products; industrial products; insurance; media, entertainment, and leisure; oil and gas; pharma and medical equipment; primary production; professional services; retail; telecommunications; transportation; utilities; and wholesale). We examine growth in five software subsets: 1) business intelligence; 2) predictive analytics and machine learning; 3) streaming analytics; 4) text analytics; and 5) geospatial analytics.

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