target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Share - Doc Document number: # US49497323
Worldwide Business Intelligence and Analytics Software Market Shares, 2022: AI/ML Fuels Growth of Analytics Market Despite Economic Challenges
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Abstract
This IDC study discusses the market sizing and vendor shares of the business intelligence and analytics (BIA) software market, including vendor revenue for 2020-2022 and the corresponding shares and growth rates of the largest vendors worldwide. In this study, we split the BIA software market into two functional markets: advanced and predictive analytics (APA) and business intelligence (BI) software.
"Over the past few decades, the BIA software market has gone through several cycles of innovation, with the latest one being defined by the emergence of generative AI, greater focus on embedded analytics, and a rapid shift toward the cloud." — Ray Huo, senior research analyst, Business Analytics and Decisioning Software, IDC