UK Business Intelligence Market Forecast and Research Report

UK Business Intelligence Market Overview: 

The UK business intelligence market is projected to exhibit a growth rate (CAGR) of 11.30% during 2024-2032. The UK market is primarily driven by the increasing demand for data-driven decision-making, widespread adoption of cloud-based BI solutions, heightened focus on customer insights and personalization, stringent regulatory compliance requirements, and efforts to enhance operational efficiency and reduce costs.

UK Business Intelligence Market Trends:       

Increasing demand for data-driven decision making              

With increasing competition in different industries, data has become a crucial tool for decision-making. Many business entities are now appreciating the benefits of deriving valuable insights from raw data to enhance the productivity of their operations and experiences of the customers and the overall success of the firm. The exponential growth of big data together with the technologies of data analytics has provided opportunities for firms to generate, process as well as analyses big data in real time. Besides, the association of BI instruments with artificial knowledge and machine learning techniques more precisely provides an opportunity for better data analysis, prediction, and decision automation. This trend can be especially observed in the spheres of finances, medicine, retail, and industrial production, where information is essential for efficiency, risk, and customer relationship management. There is an increased interest in investing in BI solutions, which is supporting the market.

Growing adoption of cloud-based BI solutions   

Cloud computing offers several advantages over traditional on-premises BI systems, including scalability, flexibility, and cost-effectiveness. Businesses are increasingly migrating their data and analytics operations to the cloud to benefit from these advantages. Cloud BI solutions provide a scalable BI option that enables any business to avoid massive upfront investments along with ongoing maintenance costs related to on-premises BI infrastructure. Cloud Business Intelligence (BI) solutions significantly enhance the accessibility of data from any location, thereby addressing the needs of remote work and collaboration, which are increasingly pertinent in the contemporary business landscape. Consequently, subscription-based cloud BI services are particularly advantageous as they lower entry barriers associated with initial costs, making them ideal for small to medium-sized enterprises. Furthermore, leading cloud service providers ensure a high level of security and maintain compliance certifications, thereby addressing concerns related to data privacy and security effectively. At the same moment, the importance of BI technologies is elevated a step higher when integrated with various other cloud-based systems like CRM and ERP. Combined, these systems ensure data flow across all the business functions and also provide improved analytics on the same platform.

UK Business Intelligence Market News:          

• On 8^th May 2024, Oracle introduced new AI-powered skills solution to help organizations drive employee and business growth. Oracle grow for business leaders connects all talent information from across the enterprise to provide leaders with a unified solution to effectively support skills development, maximize employee growth, and improve business success.
• On 19^th May 2023, SAS announced the investment of $1 billion over the next three years to further develop advanced analytics solutions targeted at the unique needs of specific industries. Through this investment, SAS will continue to support companies using AI, machine learning and advanced analytics to fight fraud, manage risk, and better serve customers and citizens.
   

UK Business Intelligence Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, deployment, organization size, and end use industry.

Component Insights:

• Software and Platform
• Services
   

The report has provided a detailed breakup and analysis of the market based on the component. This includes software and platform and services.

Deployment Insights:

• On-premises
• Cloud-based
   

A detailed breakup and analysis of the market based on the deployment have also been provided in the report. This includes on-premises and cloud-based.

Organization Size Insights:

• Large Enterprises
• Small and Medium-Sized Enterprises
   

A detailed breakup and analysis of the market based on the organization size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises.

End Use Industry Insights:

• BFSI
• IT and Telecommunication
• Retail
• Healthcare
• Others
   

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes BFSI, IT and telecommunication, retail, healthcare, and others.

Regional Insights:

• London
• South East
• North West
• East of England
• South West
• Scotland
• West Midlands
• Yorkshire and The Humber
• East Midlands
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

UK Business Intelligence Market Report Coverage:

Key Questions Answered in This Report:

• How has the UK business intelligence market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the UK business intelligence market?
• What is the breakup of the UK business intelligence market on the basis of component?
• What is the breakup of the UK business intelligence market on the basis of deployment?
• What is the breakup of the UK business intelligence market on the basis of organization size?
• What is the breakup of the UK business intelligence market on the basis of end use industry?
• What are the various stages in the value chain of the UK business intelligence market? 
• What are the key driving factors and challenges in the UK business intelligence?
• What is the structure of the UK business intelligence market and who are the key players?
• What is the degree of competition in the UK business intelligence market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK business intelligence market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the UK business intelligence market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK business intelligence industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.