PUBLISHER: Inkwood Research | PRODUCT CODE: 1211100
PUBLISHER: Inkwood Research | PRODUCT CODE: 1211100
The Europe business intelligence market is predicted to record a 9.93% CAGR during the forecasting years, 2023 and 2032. The market growth is majorly driven by the increase in big data analytics software adoption and the employment of advanced technology and solutions.
The Europe business intelligence market growth evaluation covers an assessment of France, United Kingdom, Italy, Germany, Spain, and Rest of Europe. Digital transformation continues to be a priority for Italian companies and government agencies at the local and national levels. Digital transformation drives spending in social business, analytics, mobility, cloud computing, and Big Data. Investments are also growing in innovation accelerators such as blockchain, AI, the Internet of Things (IoT), virtual and augmented reality (VR/AR), and robotics.
Italy's National Recovery and Resilience Plan (NRRP) has also decided to invest in the digitalization of the public administration, such as in Cloud and Big Data and ultra-fast broadband and high-speed connection. Such supporting factors are expected to help businesses in the country to adopt business intelligence and thus fuel Italy's market growth.
On the other hand, the Spanish government adopted a Digital Strategy 2025 to encourage digitization via improvised cyber security, digitalizing public agencies, increasing connectivity, and incorporating artificial intelligence technologies. Further, various large-scale projects are expected to create new opportunities for digital transformation across various industries in Spain and help organizations securely deliver faster and more reliable customer experiences through BI.
Some of the leading companies operating in the market include: Oracle Corporation SAP SE, Tableau Software LLC, Targit A/S, etc.