The following is the In 2020, the scale of China’s business intelligence software market was US $580 million, with a year-on-year increase of 17.1% From IDC recommended by recordtrend.com. And this article belongs to the classification: IDC.
According to IDC’s data tracking report on China’s business intelligence software market in the second half of 2020, the scale of China’s business intelligence software market in 2020 was US $580 million, a year-on-year increase of 17.1%. Affected by the epidemic, the delivery of business intelligence products in the traditional deployment mode has been greatly affected, resulting in a slowdown in the growth of the overall market scale in 2020, slightly lower than 23.5% in 2019.
IDC predicts that the growth rate of China’s business intelligence software market will recover rapidly in 2021. The market scale is expected to reach US $700 million in 2021, with a year-on-year growth of 21%. By 2025, the scale of China’s business intelligence software market will reach US $1.33 billion, and the overall market compound annual growth rate (CAGR) in the next five years will be 17.9%.
From the perspective of deployment mode, compared with the United States, the Chinese market will still focus on the traditional deployment mode in the future. Chinese enterprises prefer to choose the traditional deployment mode due to factors such as data security, industry supervision and compliance requirements. China’s public cloud business intelligence products have yet to be cultivated. With the deepening and expansion of Enterprise Cloud and data cloud, it is expected that public cloud business intelligence products will begin to show widespread demand in 2-3 years. IDC predicts that by 2025, China’s public cloud business intelligence market will account for 24.9% of the overall market, while the data in the U.S. market will reach 56.0% in the same period.
The performance of manufacturers in China’s business intelligence software market in 2020 is as follows:
Fanruan continues to rank first with a market share of 15.7%. In 2020, fanruan strengthened the construction of customer success system, expanded personnel scale and maintained market competitiveness; Microsoft ranked second and third with 9.4% and 8.4% respectively by virtue of power Bi and sap; IBM has a long-term user base in the financial industry, ranking fourth with a share of 5.3%; Relying on the advantages of search platform, Baidu has obtained a large number of users in cloud advertising analysis, marketing analysis and other scenes, ranking fifth with a share of 4.4%.
Wang Nan, senior analyst of IDC China enterprise software market, said: “as an important software product for mining and presenting data value, business intelligence software has become one of the necessary tools for enterprise digital transformation. IDC data shows that with the development of cloud computing, mobile, IOT, 5g and other technologies, the amount of data created in the world in the next three years will exceed the total amount of data created in the past 30 years, and business intelligence software will usher in deeper and wider application scenarios. “
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