In the first half of 2021, the scale of China’s business intelligence software market was US $320 million, with a year-on-year increase of 30.4% From IDC
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According to IDC’s data tracking report on China’s business intelligence software market in the first half of 2021, the scale of China’s business intelligence software market in the first half of 2021 was US $320 million, a year-on-year increase of 30.4%, far ahead of the growth of two years. IDC found that enterprises accelerated the pace of digital transformation in 2021, especially the procurement of digital technologies including cloud computing, artificial intelligence, big data and business intelligence, so as to increase the resilience of enterprises in extreme situations such as “epidemic” and drive a new round of rapid growth in the business intelligence software market.
In the market forecast for the first half of 2021, IDC raised its future expectations for the business intelligence software market. According to the latest data, China’s business intelligence software market will show a rapid growth trend in 2021, and the market scale is expected to reach US $760 million, a year-on-year increase of 26.5%; By 2025, the scale of China’s business intelligence software market will reach US $1.6 billion, and the overall market compound annual growth rate (CAGR) in the next five years will be 21.6%.
From the perspective of deployment mode, the Chinese market will still focus on business intelligence products with local deployment mode in the future. Chinese enterprises prefer to choose local deployment mode for consideration of data security, industry supervision, compliance requirements and other factors. China’s public cloud business intelligence products need 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 21.1% of the overall market, while the data in the U.S. market will reach 68.3% in the same period.
In the sub market of business intelligence software, the report analysis software market is still the most important demand in the Chinese market. In the first half of 2021, the market share accounted for 84.1% and the market scale was US $270 million. The market share of forecasting and advanced analysis software accounts for 15.9%, and the market scale is US $50 million.
From the performance of manufacturers in the report analysis sub market in the first half of 2021: fanruan continued to rank first with a market share of 19.1%. Fanruan significantly updated its core products in 2021, launched finereport version 11.0, developed a new scenario of “real estate + construction” and integrated the application and data analysis results of the two industries; Microsoft ranks second with a 9.3% share. Microsoft has been widely deployed by virtue of its good product experience of power Bi and seamless integration with Excel; Yonghong technology ranks third with a share of 8.1%. Yonghong technology has continuously focused on product polishing and capability improvement for many years. Its products and solutions can meet the complex scenario needs of group enterprises, and has a high share in leading informatization industries such as finance, manufacturing and pan mutual.
From the performance of manufacturers in the forecast and advanced analysis sub Market: SAS has continued to lead for many years and continued to rank first with a market share of 17.0% in the first half of 2021. Thanks to the advanced analysis needs of a large number of big data and data warehouse users on its public cloud, Alibaba Group ranked second with a market share of 14.9% in the first half of 2021; IBM has a long-term user base in finance, government, energy and other industries. In the first half of 2021, IBM ranked third with a market share of 12.9%.
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 deepening of digital transformation and the development of new technologies such as cloud computing, artificial intelligence, IOT and 5g, 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 Pieces will usher in deeper and broader application scenarios. “
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