Retailers gather data from their operational and external systems that include financial systems, POS systems, and E-commerce initiatives.īusiness intelligence systems enable retail chains to analyze several data sources, helping retailers to answer critical strategic and operational questions associated with customer segmentation and analytics, merchandizing and supply chain efficiency. Retail industry market leads the industry vertical segment in terms of revenue in the global business intelligence market with around 17.02 % in 2020. The industry vertical segment is further sub-segmented into manufacturing, healthcare, energy and utility, BFSI, transportation & distribution, IT & telecom, retail, media and entertainment, government and others. Global business intelligence market has been segmented on the basis of application, component, organization size, data type, deployment, verticals. The increasing amount of data offers new opportunities for business development.Ĭonnecting analytics has resulted into new approaches of customer engagement that is the capability to amplify the skills and intelligence among employees, new services and products and more opportunity to explore the models of business.ģ60 Degree Analysis Concludes That Retail Industry Leads Among Other Verticals in terms of Market Revenues The market is primarily driven by exponential growth in data generation. The global business intelligence market is expected to grow at a CAGR of 9.5% during the forecast period of 2022-2030. 10, 2023 (GLOBE NEWSWIRE) - The "Business Intelligence Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to 's offering.
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