The market for embedded business intelligence is anticipated to be valued at USD 28,057.6 million in 2023, forecast to grow at a CAGR of 11.2% to be valued at USD 81,356.7 million from 2023 to 2033. Growth is attributed to high adoption of self-service analytics.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2023 to 2033) | 11.2% CAGR |
| Expected Market Value (2023) | USD 28,057.6 million |
| Anticipated Forecast Value (2033) | USD 81,356.7 million |
| Segment 1 | Deployment |
|---|---|
| Segment 1 Name | Embedded Business Intelligence SaaS |
| Segment 1 Share | 62.3% |
| Segment 2 | Verticals |
|---|---|
| Segment 2 Name | Dynamic Data Management for BFSI |
| Segment 2 Share | 15.3% |
Embedded analytics is an application-oriented integration of business intelligence (BI) tools and reporting tools. Embedded analytics integrates analytical capabilities into a particular application to analyze collected data for better operational decisions.
Traditional business analytical tools need to be supported by the number of other systems to collect & analyze data, update data, and finally run queries to make business decisions. Embedded analytics software provides a picture of the business landscape and offers opportunities for smoother decision-making.
The major factors that are expected to boost the growth of the embedded business intelligence market during the forecast period include the growing demand for the use of analytics in business applications, and adoption of self-service analytics.
On the contrary, lack of skilled workforce and poor legacy system are the major factors that are expected to hamper the growth of embedded business intelligence market over the analysis period.
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The complete suite of embedded business intelligence is experiencing significant demand from the small, medium, and large enterprises mainly due to its offerings such as embeddability, data management, data visualization, data reporting and, data analysis. This factor is expected to fuel the growth of the embedded business intelligence market during the forecast period.
Additionally, increasing adoption of mobile business intelligence (BI) with cloud computing technology has enabled embedded business intelligence market’s growth. Also, the emergence of data-driven enterprises is expected to lead towards the growth of the embedded analytics software market. These factors are expected to propel the market growth in the forthcoming years.
Besides, the high adoption of self-service analytics is also anticipated to supplement the market growth during the forecast period. The rising approach towards the integration of analytics into business applications is anticipated to empower the adoption of embedded business intelligence tools.
Advancement in embedded business intelligence may eliminate many jobs from industries but anticipated to create more skilled and expertized job opportunities in future, so the lack of domain expertise and job reduction are coupled together to impede the growth of the market in forthcoming years.
Additionally, time consuming implementation, lack of skilled workforce and poor legacy system, high replacement cost and security issues associated with embedded business analytics systems are other factors that are expected to hamper the growth of the embedded business intelligence market during the forecast period.
In terms of regional platform, North America holds the largest market share in the embedded business intelligence market. The region is expected to surge to over 34.7% share in 2022.
The presence of top market players such as Microsoft Corporation, IBM Corporation, SAP SE, MicroStrategy Inc. as well as other prominent players and their strategical business partnerships are projected to grasp a maximum share of the embedded analytics software market in North America.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for embedded business intelligence market, and is expected to reach at a highest share of 23.3% in 2022.
The increasing focus of the European Union towards the adoption of advanced and upgraded technology led to increasing demand for the market across Europe. The growing emphasis on automation through real-time analytics by the companies is increasing the adoption of embedded analytics software within European countries.
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According to Future Market Insights, Asia Pacific is expected to provide immense growth opportunities for Electronic Weighing Scale, and is expected to reach at a highest share of 14.9% in 2022.
Increasing demand for efficient data management and high internet dissemination expected to drive market growth within Asia Pacific. This region shows the participation in the growing adoption of embedded analytical tools within the manufacturing, retail, and BFSI industries of the area.
Growing inclination towards the development of IT industries and infrastructures in emerging economies such as India and China are projected to propel the embedded intelligence market in recent years. In addition, the availability of cheap and skilled human resources is another key driver piloting the growth of the industry in the Asia Pacific region.
According to Future Market Insights, Latin America is expected to provide immense growth opportunities for Electronic Weighing Scale, and is expected to reach at a highest share of 10.4% in 2022. With increasing diffusion of the internet, Latin America is expected to contribute to the growth of the embedded analytics software market.
There are many prominent market players in the embedded business intelligence market, who are working together to provide the best-in-class embedded business intelligence software for enhancing the global arena. However, there are many global start-ups in the embedded business intelligence market, who are stepping forward in matching the requirements of the Embedded Business Intelligence domain.
Some of the key participants present in the global embedded business intelligence market include IBM, Oracle, Microsoft, SAP, SAS, Google, AWS, Salesforce, MicroStrategy, Teradata, DOMO, Vphrase dotdata, Amlgo Labs, Pentation Analytics, Hitachi Vantara, Outlier, ConverSight AI, Element Data, Alteryx, and ThpughtSpot, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as IBM, Oracle, Microsoft, SAP, SAS, Google, AWS, Salesforce, MicroStrategy, and Teradata account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Market Value in 2023 | USD 28,057.6 million |
| Market Value in 2033 | USD 81,356.7 million |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Deployment, Services, Vertical, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Australia, New Zealand, China, Japan, South Korea, India, Malaysia, Singapore, GCC, South Africa, Israel, Turkey |
| Key Companies Profiled | Microstrategy; Jaspersoft; Pentaho; Mode Analytics; Looker; Sisense; Insightsoftware; SAP; Oracle; QlikView |
| Customization | Available Upon Request |
The valuation of the embedded business intelligence market reaches a notable sum of USD 28,057.6 million in 2023.
The embedded business intelligence market is estimated to achieve a valuation of USD 81,356.7 million by 2033.
The embedded business intelligence market is poised to witness a 9.1% CAGR upswing in demand through 2033.
The prominent trend in the embedded business intelligence market is AI integration.
The SaaS segment is set to sustain its dominance in the embedded business intelligence market.
| Market Value in 2024 | USD 93.88 billion |
|---|---|
| Forecast Value for 2034 | USD 164.51 billion |
| CAGR from 2024 to 2034 | 5.80% |
| Market Value (2023) | USD 28057.6 million |
|---|---|
| Market Value (2033) | USD 81356.7 million |
| Projected Growth Rate (2023 to 2033) | 11.2% |
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