PUBLISHER: Inkwood Research | PRODUCT CODE: 1211101
PUBLISHER: Inkwood Research | PRODUCT CODE: 1211101
The North America business intelligence market is estimated to grow with an 8.93% CAGR between the assessment years, 2023-2032. The adoption of digitization and business intelligence across different industries and the presence of multiple global players attract investments and boost market growth.
The North America business intelligence market growth study includes the assessment of Canada and United States. The growth of business intelligence in Canada is due to the increasing demand for big data and analytics. Canada is one of the global leaders in mobile and cloud adoption, making it fertile ground for the emergence of a globally competitive intelligence economy. Further, the country has a very strong homegrown technology sector. Besides, businesses in Canada are embracing cutting-edge technologies in business decision-making and adopting digital channels for client interactions.
According to the International Trade Administration, the Canadian information and communications technologies (ICT) industry comprise about 43,200 businesses. The majority of them are engaged in the software and computer businesses. Therefore, the capacity to adapt and innovate through big data analytics brings to light several interrelated challenges Canadian companies face related to employment and skills, privacy and lack of funding to invest in emerging technologies.
Some of the major companies operating in the market include: International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Cisco Systems Inc, etc.