Global Business Intelligence (Bi) in Education Market Size (2023-2030)

According to the latest analysis by Virtue Market Research, Global Business Intelligence (Bi) in Education Market was valued at USD 24.20 Million and is projected to reach a market size of USD 43.39 Million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 8.7%.

Industry Overview:

Natural Language Processing to Hasten Enterprise Adoption of Business Intelligence (Bi) in Education In order to support the analytical dialogue capabilities in BI tools, advanced natural language is being used. Users are allowed to pose queries in natural language based on their data visualisation. So that clients can interact with their data, the vendors are providing a natural language interface for visualisations. As natural language advances across the sector, it is anticipated to break down the barriers to Business Intelligence (Bi) in Education adoption across the businesses and further integrate data into the core of the work culture. Some of the common characteristics of natural language processing integrated into BI systems include speech recognition, machine translation, natural language production, semantic search, and machine learning (ML). Platforms like Tableau and Microsoft Power BI have integrated NLP capabilities like semantic search. Storytelling and Data Visualization to Permeate Business Intelligence (Bi) in Education Implementation Data analysts now routinely use data visualisation to present information to decision-makers in a clear and usable style. The abilities of the analysts and the procedures they used to find the data are frequently referred to as "storytelling." The art of storytelling is now essential to the analytical process. Long-form storytelling forms, such as scrolling or multi-stage dashboards, are proliferating and enabling analysts to provide a step-by-step methodology to derive data insights. Data storytelling and visualisation are revolutionising how businesses utilise data to inform, engage, and put ideas into action. In order to take advantage of cutting-edge analytical techniques, data visualisation and storytelling are therefore anticipated to permeate the adoption of Business Intelligence (Bi) in Education technologies. This element will also assist organisations in improving their data literacy to generate useful insights.

COVID-19 Impact:

Advanced Analytics Implementation in Businesses to Support Market Expansion Diverse industries have experienced difficulties as a result of the new coronavirus's proliferation. Economic downturns and supply chain disruptions brought on by the global health crisis have severely impacted business investments. But the crisis has given us a chance to use cutting-edge analytics to improve decision-making. Market participants are providing sophisticated visualisation dashboards to assist users in learning the current state of the Coronavirus. For instance, using Dundas BI, Dundas Data Visualization, Inc. created real-time dashboards. Similar to this, Microsoft's Power BI is collaborating with USA. Facts to enable users to interact with and visualise the COVID-19 dataset. Consequently, it is anticipated that in the near future, demand for data visualisation dashboards will reach an all-time high.

MARKET DRIVERS

Advancements in Big Data and Cloud Computing is driving growth in Business Intelligence (Bi) in Education Market

Rapid technical breakthroughs have led to the growth of big data analytics and cloud computing in recent years. Given that it acts as a storage facility for both structured and unstructured data, cloud computing is regarded as the ideal platform for BI applications. Similar to this, big data technology has made it possible for these tools to evaluate a significant quantity of data and provide organisations with actionable insights that aid them in understanding opportunities and enhancing marketing strategies.

Improvements in operational strategies is driving growth in Business Intelligence (Bi) in Education Market

The operational strategies of firms have undergone a paradigm shift as a result of social media. It has caused a significant amount of data to be generated from various media outlets, necessitating the use of these technologies to analyse the data. Therefore, the market size is projected to increase due to the widespread usage of social media and other internet services including over-the-top services and e-commerce that produce a high number of heterogeneous data.

MARKET RESTRAINTS

Expensive IT Infrastructure is restraining growth in Business Intelligence (Bi) in Education Market

Investments on Expensive IT Infrastructure to Stagnate Market Growth Small and mid-sized businesses are mostly concerned about the expense of installing BI technology. Additionally, a lack of qualified data scientists, consulting analysts, and IT professionals may impede the development of the Business Intelligence (Bi) in Education sector. However, the introduction of self-service is anticipated to remove the issue of costly infrastructure.

BUSINESS INTELLIGENCE IN EDUCATION MARKET REPORT COVERAGE:

This research report on the global Business Intelligence (Bi) in Education Market has been segmented and sub-segmented based on deployment, and region.

Business Intelligence (Bi) in Education market segmentation – By Deployment

• Cloud
• On-premise

The market is split between cloud and on-premise deployments. In 2021, on-premise deployment will command the biggest market share for Business Intelligence (Bi) in Education. During the projection period, cloud deployment is anticipated to rise at the greatest CAGR. Enterprises that have implemented on-premises systems can use cloud deployment to applications that increase the usage of tools, storage, networking, and analytics. Cloud deployments give the company the option to manage its apps by outsourcing the BI infrastructure. This element aids the company in boosting output, streamlining implementation schedules, and lowering overhead expenses. Consequently, it is anticipated that cloud deployment would experience rapid expansion.

Business Intelligence (Bi) in Education market segmentation – By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

The market is examined across five significant geographic regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. In comparison to Europe, North America is more devoted to cloud BI, according to the Business Application Research Center. The majority of the businesses in the area exhibit significant investments in cloud BI. These elements contribute to market expansion in the area. During the projected period, North America is anticipated to dominate the market in terms of revenue. The region's growth is anticipated to be fuelled by the quick development and adoption of new technologies and key businesses like Microsoft Corporation, IBM Corporation, Oracle Corporation, Tableau Software, LLC, and others. Latin American company The Business Intelligence (Bi) in Education Institute, SC (Mexico) specialises in the creation of data intelligence tools, data governance, and advanced analytics. The company uses machine learning, AI, IoT, and cloud computing in a variety of sectors, including national security, banking, and retail, among others. It is predicted that these dynamic groups will raise awareness of these solutions. The "FAIR principles," which stand for findable, accessible, interoperable, and reusable, are stressed by the Brazilian government as ideal procedures for data management procedures. As part of its global growth in South American nations, Huawei Technologies Co., Ltd., with its headquarters in Shenzhen, China, introduced an AI-enabled cloud storage service in Brazil in November 2019. In a similar vein, IBM declared in August 2019 that the IBM Cloud Multizone region (MZR) would debut by the end of 2020 and be used to deploy applications across cloud infrastructure. Delivering IBM Public cloud services to users will be the main focus of the cloud services in Sao Paulo, Brazil. These elements are anticipated to fuel market expansion. The British government is committed to fostering top-notch infrastructure that will make big data analysis easier. The government has committed over USD 222.6 million in capital funding for energy-efficient computers and data centres, according to the U.K. trade and investment report. This feature demonstrates the region's strong government backing and significant investment, both of which will assist market expansion. Additionally, groups like the British Healthcare Business Intelligence (Bi) in Education Association maintain BI awareness in the area.

Business Intelligence (Bi) in Education market segmentation – By Company

1. IBM Corporation
2. SAP SE

Market Leaders and High Performers to Embrace Strategic Partnerships and Acquisitions Some of the essential business strategies used by market competitors to bolster their market position in the fiercely competitive and fragmented industry include strategic agreements, partnerships and collaborations, mergers and acquisitions. For instance, in September 2021, Sandbox, a new tool for the Domo platform, was unveiled by Domo, Inc. It is utilised to help clients create and promote content into Cookies are used by us to improve your experience. You consent to our usage of cookies if you keep using this website. production across different industries. Privacy. Go to Top X In order to deliver intelligent technologies and apps for data-driven insights, IBM Corporation and SAP SE joined to develop creative solutions in June 2020. The organisations will use IBM's technologies including artificial intelligence, machine learning, analytics, and automation, as well as SAP's business technology platform, & Intelligent Suite. Research and development operations in this sector should be facilitated by the market participants' acquisition and partnership strategies.

NOTABLE HAPPENINGS IN THE BUSINESS INTELLIGENCE (BI) IN EDUCATION MARKET IN THE RECENT PAST:

• June 2020 – To hasten the expansion of SAS Analytics and the Microsoft Azure cloud, Microsoft Corporation and SAS Institute Inc. teamed up. In order to fully utilise Microsoft's cloud offerings, including Dynamics 365Azure, Microsoft 365, and Power tool, the companies want to incorporate SAS analytical solutions.
• April 2020 - The business technology platform of SAP SE, which consists of SAP HANA Cloud, SAP Data Warehouse Cloud solution, and SAP Analytics Cloud, has received improvements. By incorporating SAP analytics cloud, the new SAP BusinessObjects Business Intelligence (Bi) in Education suite 4.3 seeks to enable on-premise applications.