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Social Business Intelligence Market: Technologies, Markets and Key Players

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September 13, 2017 in World News

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Enterprises across multiple industrial verticals are compelled to employ programs that deliver custom analytical reports on their businesses and help them improve their entrepreneurial efficiency through intelligent solutions. Growing adoption of cloud technologies among all sorts of businesses has propelled the demand for such programs, which can be collectively identified as social business intelligence. Future Market Insights, thus, predicts that the impact of cloud technology will remain greatly profitable for adoption of social business intelligence programs.

 

Future Market Insights’ recently published report on global Social Business Intelligence Market reveals that in 2016, more than US$ 5.8 Bn worth of social business intelligence programs were deployed through cloud-based models. Although, the report further elucidates that social business intelligence programs are directed to improve business efficiency of enterprise, internally. Ergo, in 2017 and beyond a majority of social business intelligence programs will be deployed through on-premise models.

 

Browse Our Report @ https://www.futuremarketinsights.com/reports/social-business-intelligence-market

 

Cloud technologies, nevertheless, will gain prominence in the global market for social business intelligence. The market, which is presently valued at US$ 15.8 Bn, is anticipated to expand steadily at 6% CAGR and bring in more than US$ 28 Bn by the end of 2026. Tools and platforms developed for collaborative or social business intelligence will continue to be devised from advanced technologies. Growing usages of social media, rising implementation of big data analytics, and higher preference to software-as-a-service business model are some of the key drivers for growth of the global social business intelligence market.

 

Apropos the report, North America is expected to dominate the global social business intelligence market by closing in on 40% revenue share towards the end of the forecast period. The region will also showcase fastest revenue growth at 7.7% CAGR, and is likely to surpass US$ 11 Bn by 2026-end. Demand for social business intelligence program will also gain traction in Western Europe, while Middle East & Africa will render slowest revenue growth at 3.6% CAGR.

 

Sample With Latest Advancements @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3182

 

Installation of new enterprise data operating systems over SQL servers would have a positive impact on the global social business intelligence market. Distributed analytic framework such as MapReduce will gradually turn Hadoop into a general-purpose data operating system. Hadoop offers adequate performance with optimal costs and also handles different kind of workloads such as steam processing and graph analytics. This, in turn, is likely to drive the demand for Hadoop implementation in social business intelligence and will boost the market in the long run.

 

In terms of value, BFSI segment is projected to be the most attractive segment in the global social business intelligence market during the forecast period. However, the travel and tourism segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the travel and tourism segment is expected to register a CAGR of 7.5% during the forecast period. In 2017, the IT and telecommunication segment is estimated to be valued at nearly US$ 3 Bn and is expected to witness steady growth in terms of revenue throughout the forecast period.

 

Browse Our Table of Content @ https://www.futuremarketinsights.com/reports/social-business-intelligence-market/toc

 

The growth of the IoT is adding to the vast pool of data – with everything from television, cars, smart watches and other devices producing data that may or may not hold valuable insights for the business. Providers of enterprise application software such as Qlik Technologies, along with established players such as Oracle Corporation, IBM Corporation and others are among the main beneficiaries. Health monitoring is gaining traction among the population in North America. Devices that can monitor various bodily data from heart health to sleep patterns and suggest lifestyle adjustments is gaining penetration among the population of North America. In October 2015 for instance, IBM Corporation redesigned its flagship BI solution with built-in accelerated modelling and reporting. Global BI solution vendors are investing in structured R&D initiatives to utilise wearable technology in business. The big game plan is to take big data to a whole new level.”

 

IBM Corporation, SAP SE, Tableau Software, Inc., Qlik Technologies, Inc., SAS Institutes, Inc., MicroStrategy, Inc., Logi Analytics, Inc., Microsoft Corporation, TIBCO Software, Inc., and Alteryx, Inc., are leading providers of social business intelligence programs profiled in the report.

 

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