Asia/Pacific (Excluding Japan and China) Analytics and Business Intelligence Software Market Forecast, 2022-2027

PUBLISHED: September 28, 2023

PAGES: 12 Pages

DELIVERY TIME: 1-2 business days

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Description

"This IDC study provides the five-year forecast for the analytics and business intelligence (BI) software market in Asia/Pacific (excluding Japan and China) (APEJC) and delivers insight into the drivers of market growth, along with significant market developments. In the dynamic realm of analytics and business intelligence, AI/generative AI (GenAI) is revolutionizing the landscape, amplifying trends, such as augmented analytics, self-service BI, and real-time insights. As data complexity surges, AI-driven BI swiftly processes diverse data sets, revealing hidden patterns and empowering swift decisions. The fusion of GenAI and BI illuminates a path to data-driven success in which organizations harness actionable insights effortlessly, shaping a future of smarter, more agile businesses," says Karthik Umachigi, market analyst at IDC Asia/Pacific.

Product Code: AP49167923

IDC Market Forecast Figure

Executive Summary

Advice for Technology Buyers

Advice for technology suppliers

Advice for Tech Marketing Leaders
Advice for Tech Sales Leaders

Market Forecast

Forecast by Deployment Type
Forecast by Submarkets
Forecast by APEJC Countries

Market Context

Drivers and Inhibitors
- Drivers
  - Data Explosion and the Need for Becoming Data Driven
  - Shift to Cloud: Analytics and BI on Cloud to Offer Greater Benefits Thereby Positively Driving Adoption of the Technology at a Broader Scale
  - The Impact of AI and GenAI on Analytics and Business Intelligence Software
  - Embedded Analytics and the Push for Data Monetization
- Inhibitors
  - Lack of Data Culture/Low Data Literacy Levels
Significant Market Developments
Vendor Announcements
Changes from Prior Forecast