The Business Intelligence (BI) software industry is quickly emerging as one of the top software categories in terms of market size. With an expected increase of 7.3 percent from 2016, global revenue of BI software is forecast to reach $18.3 billion in 2017, according to Gartner. In addition, Gartner expects global revenue of BI to rise to $22.8 billion in 2020.
We realize that the rise of an analytics-driven industry isn’t exactly breaking news these days, but you may be wondering what these forecasts can mean for you and your business. With BI software leading the way in helping businesses make better-informed decisions, there are a few key points to take note of based on Gartner’s predictions.