The Report “Middle East Big Data, Business Intelligence, and Analytics Market: By Vertical (BFSI, Oil & Gas, Telecommunications & IT, Government & Public Sector, Consumer Goods & Retail, Manufacturing, Others), By Country - Forecast To 2020” is estimated to reach $12.38 Billion by 2020, at a CAGR of 19.4% from 2015 to 2020.
Browse through the TOC of the Middle East Big Data, Business Intelligence, and Analytics Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Big data represents large and complex data sets, whose size, storage, and analysis is beyond the ability of traditional data processing applications. With increase in the number of social media websites and consumer devices, such as PCs, tablets, laptops, and smartphones, several trillion bytes of data is captured across various segments of the global economy. In the recent years, companies are relying more on this data to improve their operational efficiency and make informed business decisions. The concept of big data along with business analytics, including business intelligence, predictive analytics, and text analytics, among others is being widely adopted across various industry verticals, due to increased demand for accurate predictions, competitor analysis, and operational considerations. Moreover, these concepts also help companies gain high benefits and provide complete business solutions.
Increase in deployment of Internet of Things (IoT), innovations, and efficiency & affordability of products drive the growth of the Middle East big data, business intelligence, and analytics market.
Key factors influencing the growth of the Middle East big data, business intelligence, and analytics market, include increase in deployment of Internet of Things (IoT), innovations, and efficiency & affordability of products. Technological advancements and increased adoption of big data and business analytics have led to decrease in their implementation cost. Currently, small and medium-sized enterprises (SMEs) are able to implement latest IT-based business solutions to enhance operational efficiency and gain valuable insights that allow them to achieve growth.
The report defines and segments the Middle East big data, business intelligence, and analytics market on the basis of big data solution and services, business intelligence solution, analytics solution, vertical, and country. The significant increase in network connected devices such as smartphones, sensors, and detectors, has led to the generation of huge volumes of distinct data, which is beyond the ability of conventional data processing applications. Such huge amount of data has given rise to the concept of big data. Big data is being used by enterprises to make informed business decisions and analyze customers’ spending behavior in order to target new product lines, enhance supply chain, identify geographic trends, and gain a competitive edge over other market players.
The business intelligence (BI) market is growing as organizations are allocating a considerable share of their IT budget for BI. Several vendors from varied backgrounds such as data management, reporting, analytics, and operations are offering BI solutions. This has resulted in vendors offering solutions such as performance management, fraud detection, financial analysis, risk management, and customer intelligence, among others. The Kingdom of Saudi Arabia accounted for the largest market share in the Middle East big data, business intelligence, and analytics market, whereas Qatar is expected to grow at the highest CAGR from 2015 to 2020. Major vendors in this market include IBM, SAP SE, SAS Institute Inc., Microsoft, Tableau Software, and Teradata Corporation, among others.
The scope of the report covers detailed information regarding major factors influencing the growth of the Middle East big data, business intelligence, and analytics market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of key industry players has been conducted to provide insights into their business overview, products & services, and recent developments.
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