Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Europe Self-Service BI Market Size, Share & Industry Trends Analysis Report By Component (Software, and Services), By Deployment, By Enterprise Type By Application, By Vertical, By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The European market for Self-Service Business Intelligence (BI) is poised for vigorous expansion, charting a 15.4% compound annual growth rate from 2023 through 2030. An upsurge in cloud-based BI solutions harnessing scalability and advanced analytics capabilities has been identified as the primary catalyst propelling this growth.
Integrations and Mobile Access Fuel Market Growth
Cloud-based self-service BI solutions are transforming how organizations operate, backed by their agility and enhanced accessibility features. The integration of multifarious data sources is crucial, fostering a landscape where users can effectively consolidate and analyze data. The span of these tools has also extended to predictive analytics and machine learning, empowering users with in-depth data insights.
Data Security at the Forefront
With the increased proliferation of BI tools comes a heightened focus on data security and governance. European vendors are accelerating enhancements to their offerings, ensuring robust data privacy and adherence to stringent regulations such as GDPR. The mobile-ready dashboards and analytics are further trendsetters, allowing decision-makers to access critical business insights from any location, through their smart devices.
Investment in Workforce Training
Organizations are heavily investing in training and support for their workforce, which is essential for maximizing the benefits of self-service BI tools. An emphasis on user proficiency ensures organizations can harness the full potential of their BI investments.
Market Dominance and Trends by Country
Germany leads the charge in the Europe Self-Service BI Market by Country as of 2022 and is anticipated to maintain its dominance up to 2030, reaching a market value of $1,412.8 million. Meanwhile, other European countries like the UK and France are not far behind, exhibiting substantial growth rates during the forecast period.
Sector-Specific Insights
The self-service BI market is carving out a niche across various industries in Europe. From BFSI and manufacturing to healthcare and retail, the demand for industry-specific solutions and customizable templates is on the rise.
- Software and Services: A breakdown highlights the importance of both BI software and the services sector.
- Deployment Methods: An emphasis on both cloud-based and on-premise deployment models.
- Enterprise Type: Insights into the application of self-service BI across large enterprises and small & medium enterprises.
- Applications and Verticals: Diverse applications and verticals include fraud & security management, sales & marketing, operations management, and more.
- Country-Specific Developments: In-depth analysis covering Germany, UK, France, Russia, Spain, Italy, and the Rest of Europe.
Driving Forces and Key Market Players This growth in the market is also stimulated by Europe's rigid data protection policies, urging BI tools to offer enhanced privacy and compliance features. As SMEs represent a significant portion of the market in Europe, the self-service BI tools that cater to their needs are witnessing a surge in demand.
The report encompasses a meticulous analysis of prominent companies shaping the market, offering insights into their strategic positions and contributions to the overall market trajectory. These companies are leading the way through innovation and adoption of new technological trends within the self-service BI space.
Essential Insights for Stakeholders The exhaustive coverage provided by this report facilitates stakeholders in understanding the dynamics and trends governing the Europe Self-Service BI market. The analysis presents an unparalleled depth of market knowledge, intended to assist in strategic decision-making and market forecasting.
This thorough examination of the Europe Self-Service BI market serves as an indispensable resource for those seeking to navigate the landscape of self-service BI in Europe and capitalize on the opportunities within this fast-growing sector.
Companies Mentioned
- Microsoft Corporation
- Oracle Corporation
- IBM Corporation
- SAP SE
- ThoughtSpot, Inc.
- Zoho Corporation Pvt. Ltd.
- Domo, Inc
- QlikTech International AB
- MicroStrategy, Inc.
- Salesforce, Inc. (Tableau Software, LLC)
For more information about this report visit https://www.researchandmarkets.com/r/sods02
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
