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Thrust on Meaningful Insights Drives Europe Business Intelligence Industry

Press release   •   Jul 07, 2016 07:06 EDT

MarketResearchReports.Biz presents this most up-to-date research on " Europe Business Intelligence(BI) Industry 2016 Market Research Report " has added a research report about the Europe business intelligence industry to its resourceful online catalog. The research report has been compiled using primary and secondary research methodologies and comprises information that has been gathered from new items, journals, conferences, and magazines. The document, titled “Europe Business Intelligence (BI) Industry 2016 Market Research Report,” explains various factors influencing the development of this market. Furthermore, the research report also includes a study of the investment structure in the overall market and course it is anticipated to take in the forecast period.

The survival of economies through varying periods of recessions and their proliferation in the recent years with the breakneck pace of technology has led to generation of copious amounts of data. The high penetration of internet in the remotest regions of the world, aiding business and industrial growth is also responsible for humungous amounts of data. In order to organize, and analyze this data to reach to a relevant conclusion and develop better business strategies, companies are investing in business intelligence tools.

The primary goal of business intelligence tools is to scrutinize the structured and unstructured data and help business operators to transform this data into crucial business insights. Thus, business intelligence tools help companies to formulate effective and efficient business strategies to stay ahead of the competition in the overall market. From gauging consumer behavior to changing patterns of demand and supply, the business intelligence industry of Europe has come a long way. Today, this industry is considered integral the economic growth of Europe.

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The complex processes involved in utilizing the business intelligence tools is the biggest drawback for this industry. Furthermore, the lack of trained professionals to run these programs or tools is also hampering the growth of this market. However, as businesses and enterprises realize the benefits of deploying business intelligence tools across the European region, the overall market will find a plethora of growth opportunities.

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The research report also segments the market on the basis of deployment and end users. The end users of business intelligence solutions in Europe are sectors such as the healthcare, retail, government, BFSI, telecom and IT, education, energy and power, education, manufacturing, and medical and entertainment. These solutions are deployed through cloud and on-premise. The researchers have used SWOT analysis to identify the strengths, weaknesses, opportunities, and threats to determine their influence on the segments of the market.

The chief operating players in the Europe business intelligence industry are Panorama Software, IBM, Oracle, Qlik, SAP, Microsoft, SAS Institute, Yellowfin, Actuate, Information Builders, Pyramid Analytics, MicroStrategy, Salient Management Company, Tableau, and Board International. The research report has profiled these players and provided a thorough analysis of the competitive analysis in the overall market. Furthermore, the research report also offers a detailed explanation of the financial overview, expansion plans, R&D status, and business and marketing strategies of these players for the near future.