Worldwide Business Intelligence and Analytics Software Forecast, 2024-2028

This IDC study presents a five-year forecast for the business intelligence and analytics (BIA) software market. The forecast data is split by deployment type and geographic region. "The fusion of AI/ML and GenAI within BIA software will continue to evolve the market and revolutionize how organizations harness data for decision-making, pushing the boundaries of insight generation, self-service analytics, and data culture." - Megha Kumar, research VP, Analytics and AI, IDC

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

• Drivers and Inhibitors
  • Drivers
    • Embedded Analytics
    • AI Adoption
    • Transition to Cloud Continues
  • Inhibitors
    • Data Literacy
    • Competition is Rising
• Significant Market Developments
• Changes from Prior Forecast

Market Definition

• Business Intelligence and Analytics Software
  • Business Intelligence Software
  • Advanced and Predictive Analytics Software

Methodology

• Historical and Forecast Market Values and Exchange Rates

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